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Economy of Romania vs Syria compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $20B for Syria, ranking 43/197 and 129/197 by economy size, respectively.

Romania has $219B in government debt (61.6% of GDP), compared to $18.4B (30% of GDP) in Syria.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Romania
GDP, current $

GDP, constant 2015 $
Syria
GDP, current $

GDP, constant 2015 $
Year GDP
Romania Syria
Current $ Constant $ Current $ Constant $
1960 - - $857,704,413 $2,416,812,218
1961 - - $945,244,972 $2,678,627,030
1962 - - $1,110,565,881 $3,335,461,124
1963 - - $1,200,447,408 $3,046,852,122
1964 - - $1,339,494,267 $3,329,336,867
1965 - - $1,472,036,540 $3,405,890,769
1966 - - $1,342,287,553 $3,145,031,364
1967 - - $1,580,229,799 $3,404,738,073
1968 - - $1,753,746,430 $3,531,703,487
1969 - - $2,245,011,515 $4,194,530,603
1970 - - $2,140,384,010 $4,119,161,060
1971 - - $2,589,851,325 $4,488,065,486
1972 - - $3,059,681,698 $5,639,735,188
1973 - - $3,239,487,516 $5,049,263,095
1974 - - $5,159,557,148 $6,351,759,533
1975 - - $6,826,980,444 $7,390,372,324
1976 - - $7,633,528,867 $8,296,021,554
1977 - - $7,696,011,396 $8,146,733,163
1978 - - $9,275,200,458 $8,956,729,450
1979 - - $9,929,681,529 $9,036,264,207
1980 - - $13,062,420,382 $10,347,255,986
1981 - - $15,518,201,335 $11,149,721,268
1982 - - $16,298,929,011 $11,460,696,656
1983 - - $17,589,277,143 $11,726,623,777
1984 - - $17,503,078,174 $10,834,153,805
1985 - - $16,403,539,893 $11,847,234,654
1986 - - $13,293,205,278 $10,905,032,498
1987 $38,067,567,568 - $11,356,215,543 $11,088,485,935
1988 $40,424,528,302 - $10,577,041,645 $13,085,648,672
1989 $41,450,777,202 - $9,853,395,762 $11,299,813,273
1990 $38,247,882,300 $116,460,149,705 $12,308,624,418 $11,722,376,107
1991 $28,850,634,900 $101,415,582,149 $12,981,833,333 $12,621,068,342
1992 $25,121,666,667 $92,524,246,376 $13,253,565,861 $14,258,373,042
1993 $26,361,160,450 $93,938,788,973 $13,695,962,055 $15,135,390,679
1994 $30,072,805,104 $97,632,408,356 $10,122,020,000 $16,227,110,829
1995 $37,430,162,103 $103,718,335,743 $11,396,706,587 $17,367,323,301
1996 $36,937,074,278 $107,771,339,314 $13,789,560,878 $19,073,761,706
1997 $35,575,214,078 $102,545,439,457 $14,505,233,463 $20,031,990,206
1998 $41,696,091,974 $100,463,958,893 $15,200,846,154 $21,391,221,744
1999 $35,953,156,754 $100,085,550,636 $15,873,875,969 $20,631,095,403
2000 $37,253,739,511 $102,548,872,692 $18,937,052,543 $20,770,487,870
2001 $40,395,116,581 $107,900,062,083 $20,237,024,725 $20,988,014,510
2002 $46,065,502,703 $114,053,593,614 $20,669,357,462 $21,818,055,209
2003 $57,806,384,143 $116,723,756,275 $21,828,144,686 $23,389,922,826
2004 $74,973,656,852 $128,895,841,499 $25,086,950,495 $25,004,519,711
2005 $98,454,380,120 $134,912,890,211 $28,858,965,517 $26,558,570,073
2006 $122,023,735,993 $145,744,791,283 $33,751,788,856 $27,898,767,456
2007 $174,588,782,939 $156,287,689,281 $40,465,318,382 $29,481,908,620
2008 $214,315,932,061 $170,834,114,653 $52,557,913,569 $30,801,717,185
2009 $174,110,532,659 $161,409,698,529 $54,111,735,629 $32,622,727,886
2010 $170,064,350,672 $155,105,339,844 $61,390,830,875 $34,316,469,201
2011 $192,623,977,894 $162,078,238,595 $67,539,428,159 $35,294,489,549
2012 $179,117,323,107 $165,163,587,446 $43,190,318,033 $25,998,267,919
2013 $189,798,603,751 $165,624,017,080 $21,361,254,635 $19,160,700,666
2014 $199,722,319,676 $172,441,103,432 $21,502,061,466 $17,185,167,298
2015 $177,885,131,240 $177,885,131,240 $16,466,863,117 $16,466,863,117
2016 $185,290,759,249 $182,972,525,962 $12,597,854,877 $15,412,063,258
2017 $210,147,385,855 $197,967,999,561 $16,369,843,352 $15,300,590,613
2018 $243,468,683,030 $210,085,482,251 $21,497,782,868 $15,513,754,781
2019 $251,677,082,534 $218,327,690,029 $22,583,045,060 $15,703,131,996
2020 $252,033,792,712 $210,305,491,426 $12,047,752,036 $15,593,656,904
2021 $286,578,196,368 $221,968,423,308 $14,353,205,678 $15,882,796,970
2022 $296,354,358,293 $230,770,154,207 $23,622,827,080 $15,999,183,136
2023 $350,775,856,415 $236,318,495,899 $19,993,439,950 $15,806,030,725
2024 $382,767,571,329 $238,241,389,260 - -

Economic indicators

Romania Syria
Gross domestic product
$383B
2024
$20B
2023
GDP rank
43/197
2024
129/197
2023
GDP growth
9.12%
2023-2024
-15.4%
2022-2023
GDP per capita
$20,072
2024
$847
2023
GDP per capita rank
58/197
2024
184/197
2023
GDP per capita, PPP
$48,712
2024
$4,650
2023
Government debt
$219B
2024
$18.4B
2010
Debt-to-GDP ratio
61.6%
2025
30%
2010
Government debt per person
$11,490
2024
$820
2010
Government debt per person rank
49/185
2024
148/185
2010
Average annual personal income after taxes
$13,200
2025
$731
2025
Market capitalization of domestic companies
$47.4B
2024
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
21.8%
2023
21.1%
2022
Income share by poorest 10%
2.4%
2023
3.8%
2022
Government expenditure, % of GDP
39.2%
2025
28.6%
2010
Consumer prices inflation
7.3%
2024-2025
13.4%
2018-2019
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
5.43%
2024
8.61%
2010
Population
18962595
26304877

GDP per capita in Romania vs Syria

Romania's GDP per capita is $20,072, ranking 58/197, compared to $847 in Syria, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 46th at $48,712, while Syria ranks 160th at $4,650.

Romania
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
Year Current $
Romania Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $183.5 -
1961 - - $196.3 -
1962 - - $223.9 -
1963 - - $234.9 -
1964 - - $254.2 -
1965 - - $270.8 -
1966 - - $239.3 -
1967 - - $272.9 -
1968 - - $293.3 -
1969 - - $364 -
1970 - - $335 -
1971 - - $393 -
1972 - - $448 -
1973 - - $459 -
1974 - - $707 -
1975 - - $904 -
1976 - - $976 -
1977 - - $951 -
1978 - - $1,108 -
1979 - - $1,146 -
1980 - - $1,458 -
1981 - - $1,676 -
1982 - - $1,703 -
1983 - - $1,776 -
1984 - - $1,706 -
1985 - - $1,544 -
1986 - - $1,208 -
1987 $1,659 - $997 -
1988 $1,753 - $898 -
1989 $1,790 - $809 -
1990 $1,648 $5,277 $978 -
1991 $1,254 $4,792 $1,000 -
1992 $1,102 $4,512 $990 -
1993 $1,158 $4,696 $993 -
1994 $1,323 $4,992 $712 -
1995 $1,650 $5,425 $780 -
1996 $1,633 $5,744 $918 -
1997 $1,577 $5,563 $941 -
1998 $1,853 $5,544 $961 -
1999 $1,600 $5,596 $978 -
2000 $1,660 $5,849 $1,138 -
2001 $1,825 $6,521 $1,187 -
2002 $2,120 $7,162 $1,183 -
2003 $2,679 $7,560 $1,220 -
2004 $3,495 $8,991 $1,368 -
2005 $4,618 $9,602 $1,534 -
2006 $5,758 $11,557 $1,719 -
2007 $8,360 $13,703 $1,938 -
2008 $10,435 $16,782 $2,429 -
2009 $8,548 $16,632 $2,462 -
2010 $8,400 $17,357 $2,731 -
2011 $9,561 $18,804 $2,952 -
2012 $8,930 $19,807 $1,898 -
2013 $9,498 $19,678 $986 -
2014 $10,032 $20,633 $1,061 -
2015 $8,977 $21,630 $848 -
2016 $9,405 $23,905 $656 -
2017 $10,728 $26,943 $852 $3,265
2018 $12,502 $29,586 $1,098 $3,456
2019 $12,992 $33,638 $1,110 $3,502
2020 $13,082 $34,386 $572 $3,738
2021 $14,987 $37,733 $664 $4,593
2022 $15,558 $42,218 $1,052 $4,772
2023 $18,404 $45,777 $847 $4,650
2024 $20,072 $48,712 - -

Spending and national debt comparison

In 2024, Romania's government spending was $152B, accounting for 39.2% of its GDP, while Syria's spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 61.6% in Romania and 30% in Syria, ranking 74/185 and 159/185, respectively.

Romania
Government spending

Government debt
Syria
Government spending

Government debt
Year % of GDP
Romania Syria
Government spending Government debt Government spending Government debt
1962 43.4% - - -
1963 23.1% - - -
1964 25.1% - - -
1965 25.6% - - -
1966 27.3% - - -
1967 30.6% - - -
1968 31.8% - - -
1969 32.1% - - -
1970 28.1% - - -
1971 27.2% - - -
1972 29.9% - - -
1973 32.6% - - -
1974 37.6% - - -
1975 40.6% - - -
1976 37.5% - - -
1977 39.9% - - -
1978 42.1% - - -
1979 42% - - -
1980 33.6% - - -
1981 30.4% - - -
1982 28.5% - - -
1983 25.8% - - -
1984 28.6% - - -
1985 41.6% - - -
1986 42.5% - - -
1987 40.7% - - -
1988 36.6% - - -
1989 40.1% - - -
1990 38.4% - 28.3% 189.8%
1991 38.3% - 34.3% 182.4%
1992 41.5% - 34.2% 173.6%
1993 33.5% - 29.4% 171.9%
1994 33.1% - 30.3% 163%
1995 34.4% 6.91% 29.8% 152.6%
1996 33.5% 11% 27.7% 141.5%
1997 33.5% 15% 29% 147.6%
1998 34.7% 16.5% 28.8% 151.2%
1999 35.1% 21.7% 28% 147.7%
2000 35% 29.6% 27.4% 152.1%
2001 33.2% 27.4% 28% 144.5%
2002 32.1% 27.4% 28.5% 132.4%
2003 31.8% 24.9% 32.6% 133.4%
2004 33.7% 21.3% 31.3% 113%
2005 32.3% 17.8% 28.2% 50.7%
2006 33.9% 12.7% 26.3% 45%
2007 34.6% 12.4% 25.7% 42.7%
2008 35.3% 13% 22.9% 37.3%
2009 36.3% 22.5% 26.7% 31.2%
2010 37.4% 30.2% 28.6% 30%
2011 35% 32.6% - -
2012 33.5% 36.2% - -
2013 34.2% 39.3% - -
2014 33.8% 40.5% - -
2015 34.2% 39.4% - -
2016 31.8% 39.5% - -
2017 31% 37.1% - -
2018 31.7% 36.2% - -
2019 33.2% 36.5% - -
2020 38.1% 49.3% - -
2021 37% 51.5% - -
2022 37.4% 51.7% - -
2023 36.6% 52.1% - -
2024 39.8% 57.2% - -
2025 39.2% 61.6% - -

Government deficit by year

In 2010, Romania's government deficit, the difference between spending and revenue, was -$10.6B, equivalent to -6.22% of GDP. This compares to Syria's deficit of -$4.78B, or -7.79% of GDP.

Over the past 21 years, Romania recorded a fiscal deficit in 19 of those years, while Syria ran a deficit in 20 years. On average, Romania posted an annual deficit equal to -3.01% of GDP, compared to deficit of -3.4% of GDP for Syria.

Deficit/surplus
Romania

Syria
Year Deficit/surplus, % of GDP
Romania Syria
1962 -4.86% -
1963 -1.61% -
1964 -3.11% -
1965 -1.29% -
1966 0.91% -
1967 1.23% -
1968 1.65% -
1969 0.93% -
1970 0.52% -
1971 0.89% -
1972 1.21% -
1973 1.53% -
1974 0.51% -
1975 0.41% -
1976 0.66% -
1977 0.23% -
1978 0% -
1979 0% -
1980 -1.95% -
1981 0.61% -
1982 0.36% -
1983 9.35% -
1984 15.2% -
1985 6.36% -
1986 5.72% -
1987 2.37% -
1988 8.4% -
1989 -2.87% -
1990 1.03% -3.92%
1991 3.23% -6.57%
1992 -4.55% -7.26%
1993 -0.35% -4.96%
1994 -2.2% -6%
1995 -3.32% -3.81%
1996 -4.74% -2.83%
1997 -5.19% -1.78%
1998 -5.33% -2.81%
1999 -3.58% -1.47%
2000 -3.99% -1.36%
2001 -3.2% 2.3%
2002 -2.59% -2.02%
2003 -2.29% -2.7%
2004 -3.39% -4.18%
2005 -0.69% -4.41%
2006 -1.36% -1.12%
2007 -3.05% -2.99%
2008 -4.6% -2.86%
2009 -6.86% -2.89%
2010 -6.22% -7.79%
2011 -4.14% -
2012 -2.39% -
2013 -2.44% -
2014 -1.76% -
2015 -1.35% -
2016 -2.5% -
2017 -2.86% -
2018 -2.74% -
2019 -4.55% -
2020 -9.54% -
2021 -6.7% -
2022 -5.83% -
2023 -5.61% -
2024 -8.65% -
2025 -7.83% -

Inflation comparison by year

Over the past 24 years, Romania has recorded an average annual inflation rate of 20.4%, compared with 11.3% in Syria. In 2019, inflation was 7.3% in Romania and 13.4% in Syria.

Inflation
Romania

Syria
Year Inflation
Romania Syria Romania Syria
1996 38.8% 8.25%
1997 154.8% 1.89%
1998 59.1% -0.8%
1999 45.8% -3.7%
2000 45.7% -3.85%
2001 34.5% 3%
2002 22.5% -0.13%
2003 15.4% 5.8%
2004 11.9% 4.43%
2005 9% 7.24%
2006 6.6% 10%
2007 4.8% 3.91%
2008 7.8% 15.7%
2009 5.6% 2.92%
2010 6.1% 4.4%
2011 5.8% 4.75%
2012 3.3% 36.7%
2013 4% 40%
2014 1.1% 10.9%
2015 -0.6% 38.5%
2016 -1.6% 47.7%
2017 1.3% 18.1%
2018 4.6% 0.94%
2019 3.8% 13.4%
2020 2.6% -
2021 5% -
2022 13.8% -
2023 10.4% -
2024 5.6% -
2025 7.3% -

Top exports between countries

Romania
Export category Export value
Raw agricultural goods $1.65M
Animal & marine products $1.17M
Chemicals & pharma $465K
Machinery & equipment $382K
Processed food, beverages & tobacco $188K
Metals $99K
Wood & paper products $33K
Textiles & consumer goods $26K
Raw materials & minerals $6K
Syria
Export category Export value
Textiles & consumer goods $5.5M
Processed food, beverages & tobacco $2.06M
Raw agricultural goods $749K
Chemicals & pharma $522K
Raw materials & minerals $145K
Wood & paper products $138K
Metals $108K
Miscellaneous $42K
Machinery & equipment $34K
Precious metals & jewellery $8K

Balance of trade

Romania Syria
Current account balance
-$32B
2024
-$367M
2010
Current account balance ranking
184/189
2024
100/189
2010
Current account balance, % of GDP
-8.36%
2024
-0.6%
2010
Goods imports
$129B
2024
$15.9B
2010
Goods exports
$93.3B
2024
$12.3B
2010
Service imports
$30.6B
2024
$3.53B
2010
Service exports
$42.9B
2024
$7.33B
2010
Imports of goods and services, % of GDP
41.7%
2024
28.8%
2022
Exports of goods and services, % of GDP
35.6%
2024
6.81%
2022

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Romania Syria
Economic freedom 66.5 51.2
Economic freedom ranking 57/197 155/197
Property rights 81.7 2.6
Government integrity 49.1 3.3
Judicial effectiveness 67 3.7
Tax burden 93.7 86.2
Government spending 59.1 78.5
Fiscal health 36.1 13.8
Business freedom 75.1 35
Labor freedom 67.8 46.5
Monetary freedom 69.2 60.6
Trade freedom 79.6 47
Investment freedom 70 0
Financial freedom 50 20

Economic freedom by year comparison

The Economic Freedom Index for Romania is 66.5, ranking 57/197, compared to 51.2 for Syria, ranking 155/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Romania
Syria
Year Economic freedom index
Romania Syria
1995 42.9 -
1996 46.2 42.3
1997 50.8 43
1998 54.4 42.2
1999 50.1 39
2000 52.1 37.2
2001 50 36.6
2002 48.7 36.3
2003 50.6 41.3
2004 50 40.6
2005 52.1 46.3
2006 58.2 51.2
2007 61.2 48.3
2008 61.7 47.2
2009 63.2 51.3
2010 64.2 49.4
2011 64.7 51.3
2012 64.4 51.2
2013 65.1 -
2014 65.5 -
2015 66.6 -
2016 65.6 -
2017 69.7 -
2018 69.4 -
2019 68.6 -
2020 69.7 -
2021 69.5 -
2022 67.1 -
2023 64.5 -
2024 64.4 -
2025 66.5 -

More economic indicators

Romania Syria
Services, % of GDP
62.5%
2024
44.9%
2022
Industry, % of GDP
25%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
3.28%
2024
43.1%
2022
GNI, Atlas method
$336B
2024
$18.2B
2023
GNI per capita, PPP
$47,420
2024
$4,480
2023
Total reserves including gold
$73.4B
2024
$20.6B
2010
Total reserves ranking
35/177
2024
62/177
2010
Net foreign direct investment
-$6.21B
2024
-$1.47B
2010
Net inflows of foreign direct investment
$7.35B
2024
$804M
2011
Net outflows of foreign direct investment
$1.15B
2024
$0
1989
Servicing debt to the IMF, % of GNI
n/a
0.15%
2023
Poverty at national poverty lines
19%
2023
35.2%
2007
Gross capital formation, % of GDP
24.3%
2024
16%
1969

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.