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Economy of Romania vs Uruguay compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $81B for Uruguay, ranking 42/197 and 81/197 by economy size, respectively.

Romania has $220B in government debt (57.4% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Romania vs Uruguay GDP by year

Romania
Uruguay
1x
Year GDP, current $
Romania Uruguay
2024 $382,564,217,989 $80,961,511,074
2023 $347,757,995,759 $77,991,666,838
2022 $295,319,437,557 $70,594,110,920
2021 $285,071,280,114 $60,739,084,241
2020 $250,625,048,304 $53,559,359,262
2019 $250,080,428,512 $62,222,313,619
2018 $241,791,427,224 $65,344,577,416
2017 $210,147,385,855 $65,005,997,963
2016 $185,290,759,249 $57,480,787,465
2015 $177,885,131,240 $57,680,327,999
2014 $199,722,319,676 $61,496,186,974
2013 $189,798,603,751 $61,337,621,934
2012 $179,117,323,107 $54,232,266,359
2011 $192,623,977,894 $50,342,406,067
2010 $170,064,350,672 $41,950,361,212
2009 $174,110,532,659 $32,708,319,078
2008 $214,315,932,061 $31,119,602,539
2007 $174,588,782,939 $23,797,773,024
2006 $122,023,735,993 $19,741,420,740
2005 $98,454,380,120 $17,362,857,684
2004 $74,973,656,852 $13,686,329,890
2003 $57,806,384,143 $12,045,638,352
2002 $46,065,502,703 $13,606,515,723
2001 $40,395,116,581 $20,898,761,742
2000 $37,253,739,511 $22,823,270,892
1999 $35,953,156,754 $23,983,945,191
1998 $41,696,091,974 $25,385,886,978
1997 $35,575,214,078 $23,969,739,234
1996 $36,937,074,278 $20,515,458,114
1995 $37,430,162,103 $19,297,663,097
1994 $30,072,805,104 $17,474,588,896
1993 $26,361,160,450 $15,002,136,971
1992 $25,121,666,667 $12,878,148,791
1991 $28,850,634,900 $11,206,176,651
1990 $38,247,882,300 $9,298,807,850
1989 $41,450,777,202 $8,438,951,476
1988 $40,424,528,302 $8,213,538,369
1987 $38,067,567,568 $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/uruguay | CC BY

GDP per capita in Romania vs Uruguay by year

Romania
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Romania Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,080 $49,077 $23,907 $36,418
2023 $18,244 $45,982 $23,019 $34,471
2022 $15,504 $41,979 $20,819 $33,001
2021 $14,908 $37,534 $17,882 $29,432
2020 $13,009 $34,194 $15,758 $25,725
2019 $12,910 $33,425 $18,316 $25,783
2018 $12,416 $29,383 $19,250 $24,386
2017 $10,728 $26,943 $19,185 $23,607
2016 $9,405 $23,905 $17,010 $22,841
2015 $8,977 $21,625 $17,126 $22,169
2014 $10,032 $20,633 $18,322 $21,868
2013 $9,498 $19,678 $18,335 $20,661
2012 $8,930 $19,808 $16,260 $19,495
2011 $9,561 $18,804 $15,132 $19,135
2010 $8,400 $17,355 $12,641 $17,873
2009 $8,548 $16,641 $9,881 $16,422
2008 $10,435 $16,782 $9,424 $15,694
2007 $8,360 $13,703 $7,222 $14,397
2006 $5,758 $11,554 $6,001 $13,179
2005 $4,618 $9,602 $5,284 $12,296
2004 $3,495 $8,989 $4,169 $11,103
2003 $2,679 $7,559 $3,671 $10,303
2002 $2,120 $7,162 $4,150 $10,030
2001 $1,825 $6,520 $6,383 $10,719
2000 $1,660 $5,850 $6,988 $10,929
1999 $1,600 $5,596 $7,371 $10,938
1998 $1,853 $5,545 $7,837 $11,002
1997 $1,577 $5,564 $7,436 $10,461
1996 $1,633 $5,746 $6,398 $9,524
1995 $1,650 $5,429 $6,050 $8,906
1994 $1,323 $4,995 $5,508 $8,897
1993 $1,158 $4,699 $4,753 $8,162
1992 $1,102 $4,515 $4,102 $7,808
1991 $1,254 $4,795 $3,589 $7,112
1990 $1,648 $5,280 $2,995 $6,683
1989 $1,790 - $2,734 -
1988 $1,753 - $2,677 -
1987 $1,659 - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/uruguay | CC BY

Romania's GDP per capita is $20,080, ranking 58/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 47th at $49,077, while Uruguay ranks 61st at $36,418.

Economic indicators

Romania Uruguay
Gross domestic product
$383B
2024
$81B
2024
GDP rank
42/197
2024
81/197
2024
GDP growth
0.92%
2023-2024
3.11%
2023-2024
GDP per capita
$20,080
2024
$23,907
2024
GDP per capita rank
58/197
2024
52/197
2024
GDP per capita, PPP
$49,077
2024
$36,418
2024
GDP per capita PPP rank
47/197
2024
61/197
2024
Government debt
$220B
2024
$55.6B
2024
Debt-to-GDP ratio
57.4%
2024
68.7%
2024
Government debt per person
$11,533
2024
$16,421
2024
Government debt per person rank
48/185
2024
38/185
2024
Average annual personal income after taxes
$13,912
2026
$12,433
2026
Market capitalization of domestic companies
$47.4B
2024
$284M
1996
Number of billionaires
6
2025
n/a
Income share by richest 10%
21.8%
2023
30%
2024
Income share by poorest 10%
2.4%
2023
2.2%
2024
Government expenditure, % of GDP
39.9%
2024
31.1%
2024
Consumer prices inflation
5.6%
2023-2024
4.85%
2023-2024
Central bank interest rate
6.5%
2024
8.25%
2025
Unemployment rate
5.43%
2024
8.21%
2024
Population
18839108
3382789

Spending and national debt comparison by year

Romania
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Romania Uruguay
Government spending Government debt Government spending Government debt
2024 39.9% 57.4% 31.1% 68.7%
2023 36.6% 52.1% 30.5% 64%
2022 37.4% 51.7% 30% 59.9%
2021 37% 51.5% 30.2% 64.1%
2020 38.1% 49.3% 32.8% 68.2%
2019 33.2% 36.5% 30.6% 59.6%
2018 31.7% 36.2% 30.3% 57.9%
2017 31% 37.1% 29.7% 55.8%
2016 31.8% 39.5% 29.7% 56.4%
2015 34.2% 39.4% 28.4% 57.8%
2014 33.8% 40.5% 29.1% 51.1%
2013 34.2% 39.3% 28.8% 50%
2012 33.5% 36.2% 27.7% 49.8%
2011 35% 32.6% 26.3% 41.3%
2010 37.4% 30.2% 27.4% 40.9%
2009 36.3% 22.5% 27.2% 46.2%
2008 35.3% 13% 26.3% 46.2%
2007 34.6% 12.4% 26.8% 52.8%
2006 33.9% 12.7% 26.8% 61.1%
2005 32.3% 17.8% 26.3% 66.2%
2004 33.7% 21.3% 26.6% 73.7%
2003 31.8% 24.9% 27.7% 91.9%
2002 32.1% 27.4% 27.6% 90.1%
2001 33.2% 27.4% 27.8% 39.4%
2000 35% 29.6% 26.6% 30.5%
1999 35.1% 21.7% 27.2% 24.1%
1998 34.7% 16.5% 27.3% 19.4%
1997 33.5% 15% 27.6% 18.8%
1996 33.5% 11% 26.5% 18.3%
1995 34.4% 6.91% 26.2% 18.5%
1994 33.1% - 29.5% 19.3%
1993 33.5% - 27.7% 20%
1992 41.5% - 23.6% 22.2%
1991 38.3% - 22.2% 20.4%
1990 38.4% - 21.1% 26.2%
1989 40.1% - 37% -
1988 36.6% - 26% 34.8%
1987 40.7% - 24.4% 37.3%
1986 42.5% - 25.1% 34.6%
1985 41.6% - 24.6% 29%
1984 28.6% - 25.6% 39.5%
1983 25.8% - 26.5% 21.2%
1982 28.5% - 29.5% 13.5%
1981 30.4% - 25% 4.32%
1980 33.6% - 21.8% 4.59%
1979 42% - 20.2% 3.98%
1978 42.1% - 22.9% 5.64%
1977 39.9% - 23.5% 7.26%
1976 37.5% - 24.2% 8.67%
1975 40.6% - 23% 8.13%
1974 37.6% - 23.8% 7.61%
1973 32.6% - 22.6% 7%
1972 29.9% - 24.6% 9.12%
1971 27.2% - 20.1% 9.3%
1970 28.1% - 15.1% 6.11%
1969 32.1% - 14.6% -
1968 31.8% - 14.1% -
1967 30.6% - 14.7% -
1966 27.3% - 14.1% -
1965 25.6% - 15.6% -
1964 25.1% - 14.3% -
1963 23.1% - 14.6% -
1962 43.4% - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/romania/uruguay | CC BY

In 2024, Romania's government spending was $153B, accounting for 39.9% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 57.4% in Romania and 68.7% in Uruguay, ranking 87/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Romania

Uruguay
1x
Year Deficit/surplus, % of GDP
Romania Uruguay
2024 -8.68% -3.22%
2023 -5.61% -3.13%
2022 -5.83% -2.52%
2021 -6.7% -2.61%
2020 -9.54% -4.64%
2019 -4.55% -2.71%
2018 -2.74% -1.89%
2017 -2.86% -2.51%
2016 -2.5% -2.68%
2015 -1.35% -1.86%
2014 -1.76% -2.6%
2013 -2.44% -1.72%
2012 -2.39% -2.17%
2011 -4.14% -0.33%
2010 -6.22% -0.39%
2009 -6.86% -1.39%
2008 -4.6% -1.31%
2007 -3.05% -0.16%
2006 -1.36% -0.64%
2005 -0.69% -0.28%
2004 -3.39% -0.87%
2003 -2.29% -2.19%
2002 -2.59% -3.19%
2001 -3.2% -2.85%
2000 -3.99% -2.76%
1999 -3.58% -2.76%
1998 -5.33% -0.76%
1997 -5.19% -0.97%
1996 -4.74% -1.32%
1995 -3.32% -1.08%
1994 -2.2% -2.37%
1993 -0.35% -0.47%
1992 -4.55% 0.6%
1991 3.23% 0.88%
1990 1.03% 0.49%
1989 -2.87% -13.1%
1988 8.4% -1.47%
1987 2.37% -0.66%
1986 5.72% -0.34%
1985 6.36% -1.88%
1984 15.2% -4.94%
1983 9.35% -3.54%
1982 0.36% -8.22%
1981 0.61% -1.15%
1980 -1.95% 0.43%
1979 0% 0.99%
1978 0% -0.47%
1977 0.23% -0.69%
1976 0.66% -2.01%
1975 0.41% -4.38%
1974 0.51% -3.74%
1973 1.53% -1.09%
1972 1.21% -2.25%
1971 0.89% -5.86%
1970 0.52% -1.33%
1969 0.93% -2.37%
1968 1.65% -2.93%
1967 1.23% -4.12%
1966 0.91% -2.01%
1965 -1.29% -5.14%
1964 -3.11% -3.61%
1963 -1.61% -4.4%
1962 -4.86% -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/romania/uruguay | CC BY

In 2024, Romania's government deficit, the difference between spending and revenue, was $33.2B, equivalent to 8.68% of GDP. This compares to Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 38 years, Romania recorded a fiscal deficit in 34 of those years, while Uruguay ran a deficit in 35 years. On average, Romania posted an annual deficit equal to 3.06% of GDP, compared to deficit of 1.94% of GDP for Uruguay.

Inflation comparison by year

Inflation
Romania

Uruguay
1x
Year Consumer prices inflation
Romania Uruguay
2024 5.6% 4.85%
2023 10.4% 5.87%
2022 13.8% 9.1%
2021 5% 7.75%
2020 2.6% 9.76%
2019 3.8% 7.88%
2018 4.6% 7.61%
2017 1.3% 6.22%
2016 -1.6% 9.64%
2015 -0.6% 8.67%
2014 1.1% 8.88%
2013 4% 8.58%
2012 3.3% 8.1%
2011 5.8% 8.09%
2010 6.1% 6.7%
2009 5.6% 7.06%
2008 7.8% 7.88%
2007 4.8% 8.11%
2006 6.6% 6.4%
2005 9% 4.7%
2004 11.9% 9.16%
2003 15.4% 19.4%
2002 22.5% 14%
2001 34.5% 4.36%
2000 45.7% 4.76%
1999 45.8% 5.66%
1998 59.1% 10.8%
1997 154.8% 19.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/uruguay | CC BY

Over the past 28 years, Romania has recorded an average annual inflation rate of 17.5%, compared with 8.56% in Uruguay. In 2024, inflation was 5.6% in Romania and 4.85% in Uruguay.

Top exports between countries

Romania
Export category Export value
Textiles & consumer goods $9.05M
Business & finance services $7.22M
Machinery & equipment $917K
IT & IP services $710K
Transport & tourism services $697K
Metals $194K
Chemicals & pharma $122K
Processed food, beverages & tobacco $65K
Raw materials & minerals $62K
Wood & paper products $25K
Uruguay
Export category Export value
Chemicals & pharma $3.42M
Textiles & consumer goods $470K
Wood & paper products $169K
Animal & marine products $107K
Precious metals & jewellery $36K
Machinery & equipment $35K
Processed food, beverages & tobacco $16K
Metals $7K

Balance of trade

Romania Uruguay
Current account balance
-$31.2B
2024
-$633M
2024
Current account balance ranking
185/190
2024
111/190
2024
Current account balance, % of GDP
-8.16%
2024
-0.78%
2024
Goods imports
$129B
2024
$13B
2024
Goods exports
$93.3B
2024
$16.3B
2024
Service imports
$30.2B
2024
$6.22B
2024
Service exports
$42.9B
2024
$7.1B
2024
Imports of goods and services, % of GDP
41.6%
2024
23.7%
2024
Exports of goods and services, % of GDP
35.6%
2024
28.8%
2024

Economic freedom indices

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

Romania Uruguay
Economic freedom 65.4 69.8
Economic freedom ranking 64/197 39/197
Property rights 81 87.4
Government integrity 50 79
Judicial effectiveness 67 80.9
Tax burden 89.1 73.3
Government spending 56.7 72
Fiscal health 21.4 76.6
Business freedom 74.4 83.8
Labor freedom 63.6 61.7
Monetary freedom 72.7 70.2
Trade freedom 79.4 73.2
Investment freedom 70 50
Financial freedom 60 30

Economic freedom comparison by year

Romania
Uruguay
1x
Year Economic freedom index
Romania Uruguay
2026 65.4 69.8
2025 66.5 70.2
2024 64.4 69.8
2023 64.5 70.2
2022 67.1 70
2021 69.5 69.3
2020 69.7 69.1
2019 68.6 68.6
2018 69.4 69.2
2017 69.7 69.7
2016 65.6 68.8
2015 66.6 68.6
2014 65.5 69.3
2013 65.1 69.7
2012 64.4 69.9
2011 64.7 70
2010 64.2 69.8
2009 63.2 69.1
2008 61.7 67.9
2007 61.2 68.4
2006 58.2 65.3
2005 52.1 66.9
2004 50 66.7
2003 50.6 69.8
2002 48.7 68.7
2001 50 70.7
2000 52.1 69.3
1999 50.1 68.5
1998 54.4 68.6
1997 50.8 67.5
1996 46.2 63.7
1995 42.9 62.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/romania/uruguay | CC BY

The Economic Freedom Index for Romania is 65.4, ranking 64/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Romania Uruguay
Services, % of GDP
62.6%
2024
65.3%
2024
Industry, % of GDP
25.3%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
6.42%
2024
GNI, Atlas method
$335B
2024
$73.3B
2024
GNI per capita, PPP
$47,920
2024
$34,170
2024
Total reserves including gold
$73.4B
2024
$17.4B
2024
Total reserves ranking
35/177
2024
66/177
2024
Net foreign direct investment
-$5.17B
2024
$2.58B
2024
Net inflows of foreign direct investment
$7.16B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$1.99B
2024
-$1.37B
2024
Poverty at national poverty lines
19%
2023
17.3%
2024
Gross capital formation, % of GDP
25%
2024
15.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/romania/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

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.