economic development

Romania 2040. How Can the Economy Converge to the EU’s Average Standard of Living? (XYZ Report)

Romania’s GDP per capita grew by nearly 40 percent between 2015 and 2024, reaching 78 percent of the EU average. But achieving full income convergence with the EU by 2040 will require consistent annual growth of around 3 percent. According to a new report, this path depends on both unlocking new growth drivers and strengthening the country’s economic fundamentals.