Romania

Price of Goods in US$, which in US would Cost $1 - Romania Compared to Continent

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Albania	€0.59
Austria	€1.26
Belarus	€0.51
Belgium	€1.30
Bosnia & H.	€0.61
Bulgaria	€0.56
Croatia	€0.84
Cyprus	€1.10
Czech Rep.	€0.83
Denmark	€1.68
Estonia	€0.85
Finland	€1.43
France	€1.35
Germany	€1.26
Greece	€1.05
Hungary	€0.80
Iceland	€1.39
Ireland	€1.45
Italy	€1.27
Latvia	€0.88
Lithuania	€0.74
Luxembourg	€1.37
Macedonia	€0.51
Malta	€0.85
Moldova	€0.57
Montenegro	€0.69
Netherlands	€1.29
Norway	€1.78
Poland	€0.79
Portugal	€1.04
Romania	€0.74
Russia	€0.74
Serbia	€0.63
Slovak Rep.	€0.80
Slovenia	€0.92
Spain	€1.15
Sweden	€1.42
Switzerland	€1.58
Turkey	€0.80
UK	€1.20
Ukraine	€0.53

 

 

Romania: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database

 

Romania does not publish official house price statistics. Colliers International’s annual Real Estate Review has prices of exclusive, middle and lower classes of apartments. General economics statistics are from the National Institute of Statistics and the National Bank of Romania.