Country Profile

Romania is a developing country, with a high-income economy. In April 2005, they signed an EU accession treaty, paving the way for Romania eventually to join the union in 2007.

Since 2006, Romania has shown an incremental interest in understanding and promoting social enterprises as facilitators of economic and social development. Romania’s accession to the EU opened the road to a new policy approach regarding social economy, social entrepreneurship and the development of social enterprises, where mutual aid societies, associations, foundations and cooperatives play a role in addressing key societal challenges and encountering unmet needs arising in local communities. 

The development of the social enterprise concept and practice in Romania is directly linked to the larger framework of the social economy. Both concepts of social economy and social enterprise were introduced in Romania after 2005, generating some confusion among existing stakeholders.

Country Facts and Figures [ROM]

Indicator  Value  Source 
Population 19.286.123 WB, 2020
Human Development Index  0.816 HDI, 2021
GDP (current US$) (billions) 248.715 WB, 2020
GDP growth -3.9 WB, 2020
GNI per capita, PPP ($) 31.410 WB, 2020
Foreign direct investment, net inflows (BoP, current US$) (millions) 7,365 WB, 2019
Domestic credit provided by financial sector (% of GDP) 32.94 TE, 2018
Tax revenue (% of GDP) 14.6 WB, 2019
Unemployment rate 5 WB, 2020
Unemployment rate (male) 5.3 WB, 2020
Unemployment rate (female) 4.7 WB, 2020
Unemployment rate (youth 15-24 years) 17.3 WB, 2020
Employment rate (male) 1.5 WB, 2019
Employment rate (female) 0.6 WB, 2020
Average monthly net wage (EUR) 466.72 TE, 2021
Poverty rate  23.8 Statista, 2019
Households with internet access (%) 86 Statista, 2020
Sources: *Human Development Index, 2021 *World Bank, 2019 & 2020 * Trading Economics, 2021 * Statista, 2019 & 2020

Most Critical Challenges for Romania’s Society

Legal Aspects of Social Enterprises - Profit Related

Financial Results of Social Enterprises

More Info and Sources