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Economy of Romania vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $41.5B for Zimbabwe, ranking 42/197 and 102/197 by economy size, respectively.

Romania has $219B in government debt (65.7% of GDP), compared to $39.3B (56.1% of GDP) in Zimbabwe.

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 $
Zimbabwe
GDP, current $

GDP, constant 2015 $
Year GDP
Romania Zimbabwe
Current $ Constant $ Current $ Constant $
1960 - - $1,053,528,036 $4,352,412,133
1961 - - $1,097,206,526 $4,627,317,329
1962 - - $1,118,172,226 $4,693,694,849
1963 - - $1,160,103,724 $4,986,785,325
1964 - - $1,217,759,447 $4,931,622,909
1965 - - $1,312,105,394 $5,173,793,733
1966 - - $1,282,403,936 $5,252,597,339
1967 - - $1,397,715,282 $5,692,082,627
1968 - - $1,480,355,355 $5,804,224,338
1969 - - $1,748,891,294 $6,525,587,027
1970 - - $1,885,168,339 $7,998,095,583
1971 - - $2,179,828,710 $8,711,332,686
1972 - - $2,679,096,597 $9,436,967,074
1973 - - $3,311,043,292 $9,682,773,143
1974 - - $3,984,194,614 $10,324,271,738
1975 - - $4,373,532,601 $10,124,887,003
1976 - - $4,320,576,877 $10,171,951,417
1977 - - $4,366,610,469 $9,474,084,021
1978 - - $4,353,822,343 $9,217,627,910
1979 - - $5,180,102,910 $9,521,536,366
1980 - - $6,682,278,300 $10,894,607,028
1981 - - $8,015,464,252 $12,259,202,844
1982 - - $8,544,060,905 $12,582,146,675
1983 - - $7,768,031,182 $12,781,612,134
1984 - - $6,355,369,172 $12,537,820,762
1985 - - $5,640,137,575 $13,408,495,654
1986 - - $6,220,698,247 $13,689,943,883
1987 $38,067,567,568 - $6,744,657,033 $13,847,479,160
1988 $40,424,528,302 - $7,818,774,177 $14,893,292,646
1989 $41,450,777,202 - $8,290,553,535 $15,667,709,080
1990 $38,247,882,300 $116,460,149,705 $8,788,301,546 $16,762,655,222
1991 $28,850,634,900 $101,415,582,149 $8,646,000,000 $17,689,930,170
1992 $25,121,666,667 $92,524,246,376 $6,755,000,000 $16,095,082,949
1993 $26,361,160,450 $93,938,788,973 $6,567,250,000 $16,264,301,855
1994 $30,072,805,104 $97,632,408,356 $6,894,250,000 $17,766,348,463
1995 $37,430,162,103 $103,718,335,743 $7,115,000,000 $17,794,425,481
1996 $36,937,074,278 $107,771,339,314 $8,557,500,000 $19,638,059,366
1997 $35,575,214,078 $102,545,439,457 $8,534,000,000 $20,164,466,644
1998 $41,696,091,974 $100,463,958,893 $6,405,250,000 $20,746,271,025
1999 $35,953,156,754 $100,085,550,636 $6,861,500,000 $20,576,588,256
2000 $37,253,739,511 $102,548,919,722 $6,693,250,000 $19,947,126,181
2001 $40,395,116,581 $107,900,062,083 $6,780,750,000 $20,234,268,509
2002 $46,065,502,703 $114,053,593,614 $6,345,250,000 $18,434,630,066
2003 $57,806,384,143 $116,723,756,275 $5,730,500,000 $15,301,651,167
2004 $74,973,656,852 $128,895,841,499 $5,808,500,000 $14,413,001,709
2005 $98,454,380,120 $134,912,890,211 $5,758,250,000 $13,589,857,106
2006 $122,023,735,993 $145,744,791,283 $5,446,750,000 $13,119,457,398
2007 $174,588,782,939 $156,287,689,281 $5,294,750,000 $12,640,170,700
2008 $214,315,932,061 $170,834,114,653 $4,418,000,000 $10,406,779,091
2009 $174,110,532,659 $161,409,698,529 $9,670,750,000 $11,787,972,496
2010 $170,064,350,672 $155,105,339,844 $12,047,750,000 $14,107,304,145
2011 $192,623,977,894 $162,078,238,595 $14,109,000,000 $16,109,683,000
2012 $179,117,323,107 $165,163,587,446 $17,123,500,000 $18,794,430,789
2013 $189,798,603,751 $165,624,017,080 $19,100,750,000 $19,168,343,272
2014 $199,722,319,676 $172,441,103,432 $19,505,500,000 $19,623,972,034
2015 $177,885,131,240 $177,885,131,240 $19,973,250,000 $19,973,250,000
2016 $185,290,759,249 $182,972,525,962 $20,559,250,000 $20,124,206,637
2017 $210,147,385,855 $197,967,999,561 $51,035,657,371 $21,076,969,325
2018 $241,791,427,224 $208,647,427,408 $34,141,666,667 $22,132,908,952
2019 $250,080,428,512 $216,910,469,745 $33,357,695,635 $20,731,353,612
2020 $250,625,048,304 $209,105,975,818 $31,980,334,561 $19,110,793,941
2021 $285,071,280,114 $220,789,460,074 $41,287,673,690 $20,729,099,177
2022 $295,319,437,557 $230,035,489,109 $40,757,561,709 $22,001,713,150
2023 $347,757,995,759 $235,229,078,940 $35,871,779,681 $23,178,995,952
2024 $382,564,217,989 $237,383,786,158 $41,539,411,516 $23,582,865,676

Economic indicators

Romania Zimbabwe
Gross domestic product
$383B
2024
$41.5B
2024
GDP rank
42/197
2024
102/197
2024
GDP growth
10%
2023-2024
15.8%
2023-2024
GDP per capita
$20,080
2024
$2,497
2024
GDP per capita rank
58/197
2024
148/197
2024
GDP per capita, PPP
$48,731
2024
$5,928
2024
Government debt
$219B
2024
$39.3B
2024
Debt-to-GDP ratio
65.7%
2026
56.1%
2026
Government debt per person
$11,495
2024
$2,362
2024
Government debt per person rank
48/185
2024
115/185
2024
Average annual personal income after taxes
$13,200
2026
$2,797
2026
Market capitalization of domestic companies
$47.4B
2024
$2.46B
1999
Number of billionaires
6
2025
1
2025
Income share by richest 10%
21.8%
2023
40.5%
2019
Income share by poorest 10%
2.4%
2023
1.9%
2019
Government expenditure, % of GDP
40%
2026
18.3%
2026
Consumer prices inflation
6.7%
2025-2026
18.2%
2025-2026
Central bank interest rate
6.5%
2024
35%
2024
Unemployment rate
5.43%
2024
9.29%
2023
Population
18836893
17277165

GDP per capita in Romania vs Zimbabwe

Romania's GDP per capita is $20,080, ranking 58/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 47th at $48,731, while Zimbabwe ranks 154th at $5,928.

Romania
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
Year Current $
Romania Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $276.6 -
1961 - - $279.2 -
1962 - - $275.7 -
1963 - - $277.1 -
1964 - - $281.9 -
1965 - - $294.3 -
1966 - - $278.7 -
1967 - - $294.4 -
1968 - - $302 -
1969 - - $346 -
1970 - - $361 -
1971 - - $406 -
1972 - - $483 -
1973 - - $579 -
1974 - - $674 -
1975 - - $717 -
1976 - - $687 -
1977 - - $677 -
1978 - - $665 -
1979 - - $779 -
1980 - - $949 -
1981 - - $1,069 -
1982 - - $1,096 -
1983 - - $959 -
1984 - - $757 -
1985 - - $649 -
1986 - - $693 -
1987 $1,659 - $726 -
1988 $1,753 - $816 -
1989 $1,790 - $840 -
1990 $1,648 $5,277 $867 $2,757
1991 $1,254 $4,792 $831 $2,930
1992 $1,102 $4,512 $631 $2,651
1993 $1,158 $4,696 $605 $2,703
1994 $1,323 $4,992 $634 $3,012
1995 $1,650 $5,425 $648 $3,051
1996 $1,633 $5,744 $767 $3,372
1997 $1,577 $5,563 $751 $3,457
1998 $1,853 $5,544 $552 $3,527
1999 $1,600 $5,596 $582 $3,491
2000 $1,660 $5,849 $563 $3,429
2001 $1,825 $6,521 $566 $3,533
2002 $2,120 $7,162 $525 $3,238
2003 $2,679 $7,560 $468 $2,708
2004 $3,495 $8,991 $470 $2,591
2005 $4,618 $9,602 $461 $2,496
2006 $5,758 $11,557 $431 $2,454
2007 $8,360 $13,703 $414 $2,396
2008 $10,435 $16,782 $341 $1,987
2009 $8,548 $16,632 $736 $2,233
2010 $8,400 $17,357 $902 $2,661
2011 $9,561 $18,804 $1,038 $3,047
2012 $8,930 $19,807 $1,239 $3,472
2013 $9,498 $19,678 $1,363 $3,784
2014 $10,032 $20,633 $1,373 $3,903
2015 $8,977 $21,630 $1,387 $4,046
2016 $9,405 $23,905 $1,408 $4,275
2017 $10,728 $26,943 $3,445 $10,756
2018 $12,416 $29,382 $2,271 $3,993
2019 $12,910 $33,425 $2,184 $4,166
2020 $13,009 $34,194 $2,060 $4,179
2021 $14,908 $37,534 $2,614 $4,827
2022 $15,504 $42,070 $2,536 $5,396
2023 $18,244 $45,379 $2,195 $5,791
2024 $20,080 $48,731 $2,497 $5,928

Spending and national debt comparison

In 2024, Romania's government spending was $152B, accounting for 40% of its GDP, while Zimbabwe's spent $7.74B, or 18.3% of GDP.

Debt-to-GDP ratio is 65.7% in Romania and 56.1% in Zimbabwe, ranking 66/185 and 91/185, respectively.

Romania
Government spending

Government debt
Zimbabwe
Government spending

Government debt
Year % of GDP
Romania Zimbabwe
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% - -
1998 34.7% 16.5% - -
1999 35.1% 21.7% - -
2000 35% 29.6% - -
2001 33.2% 27.4% - -
2002 32.1% 27.4% - -
2003 31.8% 24.9% - -
2004 33.7% 21.3% - -
2005 32.3% 17.8% 15.5% 33.1%
2006 33.9% 12.7% 8.46% 39.4%
2007 34.6% 12.4% 5.06% 44.7%
2008 35.3% 13% 3.75% 61.1%
2009 36.3% 22.5% 11.7% 58.7%
2010 37.4% 30.2% 18.4% 47.6%
2011 35% 32.6% 23.2% 42.9%
2012 33.5% 36.2% 20.6% 38.4%
2013 34.2% 39.3% 20.6% 37%
2014 33.8% 40.5% 20.4% 42.3%
2015 34.2% 39.4% 20.8% 48%
2016 31.8% 39.5% 23.6% 49.9%
2017 31% 37.1% 27.9% 68.9%
2018 31.7% 36.2% 20.3% 48.1%
2019 33.2% 36.5% 14.3% 82.3%
2020 38.1% 49.3% 13.8% 84.5%
2021 37% 51.5% 18.6% 58.2%
2022 37.4% 51.7% 21.5% 99.5%
2023 36.6% 52.1% 20% 96.6%
2024 39.8% 57.2% 18.6% 94.6%
2025 39.2% 61.6% 19.1% 58.6%
2026 40% 65.7% 18.3% 56.1%

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 Zimbabwe's deficit of -$856M, or -2.06% of GDP.

Over the past 20 years, Romania recorded a fiscal deficit in 20 of those years, while Zimbabwe ran a deficit in 20 years. On average, Romania posted an annual deficit equal to -4.19% of GDP, compared to deficit of -3.07% of GDP for Zimbabwe.

Deficit/surplus
Romania

Zimbabwe
Year Deficit/surplus, % of GDP
Romania Zimbabwe
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% -
1998 -5.33% -
1999 -3.58% -
2000 -3.99% -
2001 -3.2% -
2002 -2.59% -
2003 -2.29% -
2004 -3.39% -
2005 -0.69% -5.12%
2006 -1.36% -2.07%
2007 -3.05% -2.47%
2008 -4.6% -1.77%
2009 -6.86% -2.06%
2010 -6.22% -0.15%
2011 -4.14% -2.45%
2012 -2.39% -0.18%
2013 -2.44% -0.97%
2014 -1.76% -1.02%
2015 -1.35% -2.04%
2016 -2.5% -6.59%
2017 -2.86% -10.4%
2018 -2.74% -5.57%
2019 -4.55% -2.64%
2020 -9.54% -0.49%
2021 -6.7% -3.22%
2022 -5.83% -4.88%
2023 -5.61% -5.32%
2024 -8.65% -2.06%
2025 -7.83% -0.5%
2026 -7.64% 0.44%

Inflation comparison by year

Over the past 30 years, Romania has recorded an average annual inflation rate of 16.8%, compared with 90.7% in Zimbabwe. In 2026, inflation was 6.7% in Romania and 18.2% in Zimbabwe.

Inflation
Romania

Zimbabwe
Year Inflation
Romania Zimbabwe
1997 154.8% -1%
1998 59.1% -28%
1999 45.8% -13.4%
2000 45.7% 4.5%
2001 34.5% -37.2%
2002 22.5% -34.4%
2003 15.4% -8.6%
2004 11.9% 113.6%
2005 9% -31.5%
2006 6.6% 33%
2007 4.8% -72.7%
2008 7.8% 157%
2009 5.6% 6.2%
2010 6.1% 3%
2011 5.8% 3.5%
2012 3.3% 3.7%
2013 4% 1.6%
2014 1.1% -0.2%
2015 -0.6% -2.4%
2016 -1.6% -1.6%
2017 1.3% 0.9%
2018 4.6% 10.6%
2019 3.8% 255.3%
2020 2.6% 557%
2021 5% 98.5%
2022 13.8% 193.4%
2023 10.4% 667%
2024 5.6% 736%
2025 7.3% 89%
2026 6.7% 18.2%

Top exports between countries

Romania
Export category Export value
Machinery & equipment $1.21M
Textiles & consumer goods $62K
Wood & paper products $18K
Miscellaneous $2K
Chemicals & pharma $1K
Metals $1K
Zimbabwe
Export category Export value
Processed food, beverages & tobacco $4.1M
Textiles & consumer goods $99K
Precious metals & jewellery $2K
Raw agricultural goods $1K

Balance of trade

Romania Zimbabwe
Current account balance
-$31.2B
2024
$501M
2024
Current account balance ranking
185/190
2024
62/190
2024
Current account balance, % of GDP
-8.16%
2024
+1.21%
2024
Goods imports
$129B
2024
$9.06B
2024
Goods exports
$93.3B
2024
$7.79B
2024
Service imports
$30.2B
2024
$1.66B
2024
Service exports
$42.9B
2024
$457M
2024
Imports of goods and services, % of GDP
41.6%
2024
23.4%
2024
Exports of goods and services, % of GDP
35.6%
2024
18%
2024

Economic freedom indices

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

Romania Zimbabwe
Economic freedom 66.5 35.1
Economic freedom ranking 57/197 191/197
Property rights 81.7 20.7
Government integrity 49.1 20.7
Judicial effectiveness 67 15.8
Tax burden 93.7 73.6
Government spending 59.1 87.6
Fiscal health 36.1 44.4
Business freedom 75.1 39.3
Labor freedom 67.8 33.2
Monetary freedom 69.2 0
Trade freedom 79.6 50.4
Investment freedom 70 25
Financial freedom 50 10

Economic freedom by year comparison

The Economic Freedom Index for Romania is 66.5, ranking 57/197, compared to 35.1 for Zimbabwe, ranking 191/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Romania
Zimbabwe
Year Economic freedom index
Romania Zimbabwe
1995 42.9 48.5
1996 46.2 46.7
1997 50.8 48
1998 54.4 44.6
1999 50.1 47.2
2000 52.1 48.7
2001 50 38.8
2002 48.7 36.7
2003 50.6 36.7
2004 50 34.4
2005 52.1 35.2
2006 58.2 33.5
2007 61.2 32
2008 61.7 29.5
2009 63.2 22.7
2010 64.2 21.4
2011 64.7 22.1
2012 64.4 26.3
2013 65.1 28.6
2014 65.5 35.5
2015 66.6 37.6
2016 65.6 38.2
2017 69.7 44
2018 69.4 44
2019 68.6 40.4
2020 69.7 43.1
2021 69.5 39.5
2022 67.1 33.1
2023 64.5 39
2024 64.4 38.2
2025 66.5 35.1

More economic indicators

Romania Zimbabwe
Services, % of GDP
62.6%
2024
50.6%
2024
Industry, % of GDP
25.3%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
8.69%
2024
GNI, Atlas method
$335B
2024
$39.9B
2024
GNI per capita, PPP
$47,590
2024
$5,870
2024
Total reserves including gold
$73.4B
2024
$485M
2024
Total reserves ranking
35/177
2024
157/177
2024
Net foreign direct investment
-$5.17B
2024
-$465M
2024
Net inflows of foreign direct investment
$7.16B
2024
$465M
2024
Net outflows of foreign direct investment
$1.99B
2024
$131M
2024
Servicing debt to the IMF, % of GNI
n/a
3.44%
2024
Poverty at national poverty lines
19%
2023
38.3%
2019
Gross capital formation, % of GDP
25%
2024
8.85%
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.