According to the estimates of the National Prognosis Commission (CNP), Romania may reach in 2008 a GDP level of 133.8bn euro, and in 2014 it will reach 281bn euro.
Taking into account these figures, Minister of Economy and Finance Varujan Vosganian said in 2020 Romania would reach a GDP level of 440 – 450bn euro, which is related to the 9th spot in the ranking of the 27 EU states.
“I do not think it is possible for Romania to become the 7th economic power in 2014. If Romania’s GDP grows this year by 9% and in the coming years with an average of 7% per year, which represents a basically impossible variant, at end-2014 the level will continue to be lower than the one recorded last year in Germany, England, France, Italy, Spain, the Netherlands and Poland.
In his opinion, Romania will most likely rank the 12th in terms of the GDP in the EU in 2014.
Last year, the GDP per capita stood in Romania at 6,500 euro, whereas the EU average was 24,800 euro, according to Eurostat data, putting us on the 26th spot among the 27 EU states, above Bulgaria.