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Economy of Romania vs Uganda compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $53.7B for Uganda, ranking 43/197 and 89/197 by economy size, respectively.

Romania has $219B in government debt (61.6% of GDP), compared to $27.8B (54% of GDP) in Uganda.

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 $
Uganda
GDP, current $

GDP, constant 2015 $
Year GDP
Romania Uganda
Current $ Constant $ Current $ Constant $
1960 - - $423,145,605 -
1961 - - $441,667,335 -
1962 - - $449,158,233 -
1963 - - $516,315,231 -
1964 - - $589,247,687 -
1965 - - $884,502,310 -
1966 - - $925,381,492 -
1967 - - $967,240,655 -
1968 - - $1,037,379,252 -
1969 - - $1,168,556,629 -
1970 - - $1,259,554,809 -
1971 - - $1,417,191,656 -
1972 - - $1,490,970,181 -
1973 - - $1,701,829,789 -
1974 - - $2,098,944,967 -
1975 - - $2,359,555,556 -
1976 - - $2,447,300,000 -
1977 - - $2,936,470,588 -
1978 - - $2,420,260,870 -
1979 - - $2,139,025,000 -
1980 - - $1,244,610,000 -
1981 - - $1,337,300,000 -
1982 - - $2,177,500,000 $4,983,495,459
1983 - - $2,240,333,333 $5,269,775,231
1984 - - $3,615,647,477 $5,251,611,545
1985 - - $3,519,695,444 $5,077,973,311
1986 - - $3,923,244,050 $5,097,781,822
1987 $38,067,567,568 - $6,269,522,042 $5,299,750,982
1988 $40,424,528,302 - $6,508,931,652 $5,737,885,293
1989 $41,450,777,202 - $5,276,480,799 $6,102,926,184
1990 $38,247,882,300 $116,460,149,705 $4,304,399,310 $6,498,038,179
1991 $28,850,634,900 $101,415,582,149 $3,321,729,160 $6,858,945,425
1992 $25,121,666,667 $92,524,246,376 $2,857,457,762 $7,093,408,658
1993 $26,361,160,450 $93,938,788,973 $3,220,439,044 $7,684,026,613
1994 $30,072,805,104 $97,632,408,356 $3,990,430,447 $8,176,083,687
1995 $37,430,162,103 $103,718,335,743 $5,755,818,842 $9,118,233,745
1996 $36,937,074,278 $107,771,339,314 $6,044,585,327 $9,945,450,358
1997 $35,575,214,078 $102,545,439,457 $6,269,333,313 $10,452,668,512
1998 $41,696,091,974 $100,463,958,893 $6,584,815,847 $10,965,399,652
1999 $35,953,156,754 $100,085,550,636 $5,998,563,258 $11,848,547,280
2000 $37,253,739,511 $102,548,872,692 $6,193,246,837 $12,220,817,656
2001 $40,395,116,581 $107,900,062,083 $5,840,503,869 $12,854,303,430
2002 $46,065,502,703 $114,053,593,614 $6,178,563,591 $13,976,829,356
2003 $57,806,384,143 $116,723,756,275 $6,606,884,275 $14,881,585,674
2004 $74,973,656,852 $128,895,841,499 $7,939,487,548 $15,894,609,936
2005 $98,454,380,120 $134,912,890,211 $9,239,221,763 $16,901,146,461
2006 $122,023,735,993 $145,744,791,283 $9,977,647,683 $18,723,891,905
2007 $174,588,782,939 $156,287,689,281 $11,902,564,495 $20,299,025,449
2008 $214,315,932,061 $170,834,114,653 $14,440,404,132 $22,066,817,214
2009 $174,110,532,659 $161,409,698,529 $25,127,805,567 $23,567,695,615
2010 $170,064,350,672 $155,105,339,844 $26,673,441,431 $24,896,350,765
2011 $192,623,977,894 $162,078,238,595 $27,871,725,241 $27,234,530,260
2012 $179,117,323,107 $165,163,587,446 $27,305,915,911 $28,279,643,268
2013 $189,798,603,751 $165,624,017,080 $28,915,786,517 $29,294,007,440
2014 $199,722,319,676 $172,441,103,432 $32,612,397,257 $30,789,849,488
2015 $177,885,131,240 $177,885,131,240 $32,387,183,730 $32,387,183,730
2016 $185,290,759,249 $182,972,525,962 $29,203,988,696 $33,935,615,079
2017 $210,147,385,855 $197,967,999,561 $30,744,473,841 $34,998,276,802
2018 $243,468,683,030 $210,085,482,251 $32,927,025,620 $37,204,541,497
2019 $251,677,082,534 $218,327,690,029 $35,353,061,008 $39,600,047,064
2020 $252,033,792,712 $210,305,491,426 $37,600,368,240 $40,768,765,796
2021 $286,578,196,368 $221,968,423,308 $40,529,788,744 $42,210,585,953
2022 $296,354,358,293 $230,770,154,207 $45,565,333,216 $44,147,216,890
2023 $350,775,856,415 $236,318,495,899 $48,768,955,859 $46,503,341,915
2024 $382,767,571,329 $238,241,389,260 $53,651,874,314 $49,356,997,179

Economic indicators

Romania Uganda
Gross domestic product
$383B
2024
$53.7B
2024
GDP rank
43/197
2024
89/197
2024
GDP growth
9.12%
2023-2024
10%
2023-2024
GDP per capita
$20,072
2024
$1,073
2024
GDP per capita rank
58/197
2024
173/197
2024
GDP per capita, PPP
$48,712
2024
$3,276
2024
Government debt
$219B
2024
$27.8B
2024
Debt-to-GDP ratio
61.6%
2025
54%
2025
Government debt per person
$11,490
2024
$556
2024
Government debt per person rank
49/185
2024
162/185
2024
Average annual personal income after taxes
$13,200
2025
$1,648
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
34.5%
2019
Income share by poorest 10%
2.4%
2023
2.4%
2019
Government expenditure, % of GDP
39.2%
2025
21.4%
2025
Consumer prices inflation
7.3%
2024-2025
3.8%
2024-2025
Central bank interest rate
6.5%
2024
9.75%
2024
Unemployment rate
5.43%
2024
3.42%
2021
Population
18962595
52490669

GDP per capita in Romania vs Uganda

Romania's GDP per capita is $20,072, ranking 58/197, compared to $1,073 in Uganda, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 46th at $48,712, while Uganda ranks 175th at $3,276.

Romania
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
Year Current $
Romania Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $55.4 -
1961 - - $56.2 -
1962 - - $55.5 -
1963 - - $62 -
1964 - - $68.6 -
1965 - - $100 -
1966 - - $101.4 -
1967 - - $102.8 -
1968 - - $106.9 -
1969 - - $116.7 -
1970 - - $122 -
1971 - - $133.5 -
1972 - - $137 -
1973 - - $152.7 -
1974 - - $183.7 -
1975 - - $201.2 -
1976 - - $203.3 -
1977 - - $237.6 -
1978 - - $190.7 -
1979 - - $164.5 -
1980 - - $93.8 -
1981 - - $98.6 -
1982 - - $157 -
1983 - - $157.5 -
1984 - - $247.5 -
1985 - - $234.3 -
1986 - - $253.6 -
1987 $1,659 - $393 -
1988 $1,753 - $395 -
1989 $1,790 - $310 -
1990 $1,648 $5,277 $245 $666
1991 $1,254 $4,792 $183 $703
1992 $1,102 $4,512 $152.1 $719
1993 $1,158 $4,696 $165.6 $770
1994 $1,323 $4,992 $198.4 $809
1995 $1,650 $5,425 $278.5 $897
1996 $1,633 $5,744 $284.7 $969
1997 $1,577 $5,563 $286.8 $1,007
1998 $1,853 $5,544 $292.5 $1,037
1999 $1,600 $5,596 $257.9 $1,100
2000 $1,660 $5,849 $258.1 $1,124
2001 $1,825 $6,521 $236 $1,173
2002 $2,120 $7,162 $242 $1,255
2003 $2,679 $7,560 $250.7 $1,320
2004 $3,495 $8,991 $292.4 $1,405
2005 $4,618 $9,602 $330 $1,497
2006 $5,758 $11,557 $347 $1,660
2007 $8,360 $13,703 $401 $1,795
2008 $10,435 $16,782 $473 $1,931
2009 $8,548 $16,632 $799 $2,015
2010 $8,400 $17,357 $823 $2,092
2011 $9,561 $18,804 $836 $2,268
2012 $8,930 $19,807 $795 $2,032
2013 $9,498 $19,678 $818 $2,045
2014 $10,032 $20,633 $896 $2,134
2015 $8,977 $21,630 $863 $2,190
2016 $9,405 $23,905 $753 $2,165
2017 $10,728 $26,943 $765 $2,158
2018 $12,502 $29,586 $792 $2,312
2019 $12,992 $33,638 $822 $2,441
2020 $13,082 $34,386 $846 $2,532
2021 $14,987 $37,733 $883 $2,685
2022 $15,558 $42,218 $963 $2,919
2023 $18,404 $45,777 $1,002 $3,098
2024 $20,072 $48,712 $1,073 $3,276

Spending and national debt comparison

In 2024, Romania's government spending was $152B, accounting for 39.2% of its GDP, while Uganda's spent $11B, or 21.4% of GDP.

Debt-to-GDP ratio is 61.6% in Romania and 54% in Uganda, ranking 74/185 and 100/185, respectively.

Romania
Government spending

Government debt
Uganda
Government spending

Government debt
Year % of GDP
Romania Uganda
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% - - -
1991 38.3% - - -
1992 41.5% - - -
1993 33.5% - - -
1994 33.1% - - -
1995 34.4% 6.91% - -
1996 33.5% 11% - -
1997 33.5% 15% 13.9% 44.2%
1998 34.7% 16.5% 14% 45.1%
1999 35.1% 21.7% 14.7% 47.7%
2000 35% 29.6% 15.2% 48.5%
2001 33.2% 27.4% 16.2% 51.4%
2002 32.1% 27.4% 16.8% 54.7%
2003 31.8% 24.9% 16.5% 55.1%
2004 33.7% 21.3% 15.6% 49%
2005 32.3% 17.8% 14.5% 42.6%
2006 33.9% 12.7% 13.7% 27.8%
2007 34.6% 12.4% 13.2% 17%
2008 35.3% 13% 12.9% 15.7%
2009 36.3% 22.5% 11.8% 14.8%
2010 37.4% 30.2% 15.4% 18.4%
2011 35% 32.6% 13.2% 18%
2012 33.5% 36.2% 13.1% 19.5%
2013 34.2% 39.3% 13.3% 22.1%
2014 33.8% 40.5% 13.6% 24.8%
2015 34.2% 39.4% 14.9% 28%
2016 31.8% 39.5% 15.2% 31.3%
2017 31% 37.1% 16.3% 33.6%
2018 31.7% 36.2% 16.2% 34.9%
2019 33.2% 36.5% 18.3% 37.5%
2020 38.1% 49.3% 21.4% 46.3%
2021 37% 51.5% 21.4% 50.3%
2022 37.4% 51.7% 20.2% 50.2%
2023 36.6% 52.1% 19% 50.2%
2024 39.8% 57.2% 20.5% 51.8%
2025 39.2% 61.6% 21.4% 54%

Government deficit by year

In 2024, Romania's government deficit, the difference between spending and revenue, was -$33.1B, equivalent to -8.65% of GDP. This compares to Uganda's deficit of -$3.14B, or -5.85% of GDP.

Over the past 28 years, Romania recorded a fiscal deficit in 28 of those years, while Uganda ran a deficit in 27 years. On average, Romania posted an annual deficit equal to -4.05% of GDP, compared to deficit of -2.72% of GDP for Uganda.

Deficit/surplus
Romania

Uganda
Year Deficit/surplus, % of GDP
Romania Uganda
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% -
1991 3.23% -
1992 -4.55% -
1993 -0.35% -
1994 -2.2% -
1995 -3.32% -
1996 -4.74% -
1997 -5.19% -0.83%
1998 -5.33% -0.7%
1999 -3.58% -1.24%
2000 -3.99% -0.62%
2001 -3.2% -0.99%
2002 -2.59% -2.07%
2003 -2.29% -0.97%
2004 -3.39% 0.34%
2005 -0.69% -0.17%
2006 -1.36% -0.64%
2007 -3.05% -0.82%
2008 -4.6% -1.99%
2009 -6.86% -1.61%
2010 -6.22% -4.64%
2011 -4.14% -2.04%
2012 -2.39% -2.39%
2013 -2.44% -3.19%
2014 -1.76% -2.74%
2015 -1.35% -2.59%
2016 -2.5% -2.64%
2017 -2.86% -3.83%
2018 -2.74% -3.02%
2019 -4.55% -4.82%
2020 -9.54% -7.76%
2021 -6.7% -7.44%
2022 -5.83% -5.96%
2023 -5.61% -4.86%
2024 -8.65% -5.85%
2025 -7.83% -6.7%

Inflation comparison by year

Over the past 30 years, Romania has recorded an average annual inflation rate of 17.8%, compared with 6.05% in Uganda. In 2025, inflation was 7.3% in Romania and 3.8% in Uganda.

Inflation
Romania

Uganda
Year Inflation
Romania Uganda Romania Uganda
1996 38.8% 7.5%
1997 154.8% 7.7%
1998 59.1% 5.8%
1999 45.8% 5.8%
2000 45.7% 3.4%
2001 34.5% 1.9%
2002 22.5% -0.3%
2003 15.4% 8.7%
2004 11.9% 3.7%
2005 9% 8.6%
2006 6.6% 7.2%
2007 4.8% 6.1%
2008 7.8% 12%
2009 5.6% 13%
2010 6.1% 4%
2011 5.8% 18.7%
2012 3.3% 14%
2013 4% 5.5%
2014 1.1% 4.3%
2015 -0.6% 3.7%
2016 -1.6% 5.2%
2017 1.3% 5.6%
2018 4.6% 2.5%
2019 3.8% 2.1%
2020 2.6% 2.8%
2021 5% 2.2%
2022 13.8% 7.2%
2023 10.4% 5.4%
2024 5.6% 3.3%
2025 7.3% 3.8%

Top exports between countries

Romania
Export category Export value
Machinery & equipment $2.03M
Textiles & consumer goods $172K
Miscellaneous $161K
Metals $41K
Raw materials & minerals $31K
Processed food, beverages & tobacco $10K
Chemicals & pharma $4K
Wood & paper products $3K
Uganda
Export category Export value
Raw agricultural goods $5.29M
Animal & marine products $4.16M
Processed food, beverages & tobacco $247K
Chemicals & pharma $7K
Textiles & consumer goods $7K
Machinery & equipment $6K

Balance of trade

Romania Uganda
Current account balance
-$32B
2024
-$4.2B
2024
Current account balance ranking
184/189
2024
161/189
2024
Current account balance, % of GDP
-8.36%
2024
-7.83%
2024
Goods imports
$129B
2024
$11.7B
2024
Goods exports
$93.3B
2024
$8.67B
2024
Service imports
$30.6B
2024
$4.31B
2024
Service exports
$42.9B
2024
$2.39B
2024
Imports of goods and services, % of GDP
41.7%
2024
24.6%
2024
Exports of goods and services, % of GDP
35.6%
2024
16.9%
2024

Economic freedom indices

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

Romania Uganda
Economic freedom 66.5 51.3
Economic freedom ranking 57/197 154/197
Property rights 81.7 47.4
Government integrity 49.1 24.1
Judicial effectiveness 67 29.2
Tax burden 93.7 73.6
Government spending 59.1 87.7
Fiscal health 36.1 35.5
Business freedom 75.1 50.3
Labor freedom 67.8 54.8
Monetary freedom 69.2 75.1
Trade freedom 79.6 57.4
Investment freedom 70 40
Financial freedom 50 40

Economic freedom by year comparison

The Economic Freedom Index for Romania is 66.5, ranking 57/197, compared to 51.3 for Uganda, ranking 154/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Romania
Uganda
Year Economic freedom index
Romania Uganda
1995 42.9 62.9
1996 46.2 66.2
1997 50.8 66.6
1998 54.4 64.7
1999 50.1 64.8
2000 52.1 58.2
2001 50 60.4
2002 48.7 61
2003 50.6 60.1
2004 50 64.1
2005 52.1 62.9
2006 58.2 63.9
2007 61.2 63.1
2008 61.7 63.8
2009 63.2 63.5
2010 64.2 62.2
2011 64.7 61.7
2012 64.4 61.9
2013 65.1 61.1
2014 65.5 59.9
2015 66.6 59.7
2016 65.6 59.3
2017 69.7 60.9
2018 69.4 62
2019 68.6 59.7
2020 69.7 59.5
2021 69.5 58.6
2022 67.1 54.2
2023 64.5 51.4
2024 64.4 50.7
2025 66.5 51.3

More economic indicators

Romania Uganda
Services, % of GDP
62.5%
2024
43.1%
2024
Industry, % of GDP
25%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
3.28%
2024
24.7%
2024
GNI, Atlas method
$336B
2024
$50.9B
2024
GNI per capita, PPP
$47,420
2024
$3,200
2024
Total reserves including gold
$73.4B
2024
$3.36B
2018
Total reserves ranking
35/177
2024
114/177
2018
Net foreign direct investment
-$6.21B
2024
-$3.3B
2024
Net inflows of foreign direct investment
$7.35B
2024
$3.3B
2024
Net outflows of foreign direct investment
$1.15B
2024
$400K
2024
Servicing debt to the IMF, % of GNI
n/a
4.99%
2023
Poverty at national poverty lines
19%
2023
20.3%
2019
Gross capital formation, % of GDP
24.3%
2024
22.3%
2024

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.