Expenditures for environmental protection

Romania is a small, open economy with an openness ratio (exports and imports relative to GDP) of some 75 per cent in 2008–2010. The EU is the major market for Romania’s exports as well as the major origin of its imports, with a more than 70 cent share of its world exports (imports). As is the case in other countries with economies that underwent a process of transition, the services sector now accounts for the largest proportion of total gross value added (64.8 per cent in 2010), followed by industry (28.5 per cent) and agriculture, forestry and fishing (6.7 per cent). Yet the agricultural sector still occupies a very important role in the labour market, accounting for 30 per cent of total employment in 2010. This also reflects the very low productivity in the agricultural sector relative to the other sectors. The corresponding shares of industry and services are 28.7 per cent and 41.2 per cent respectively.

Related Subject(s): Environment and Climate Change

Countries: Romania