Romania went up one place to become the 16th largest economy in the European Union (EU) in 2017. With the highest economic growth rate in the EU, of 7%, Romania surpassed Greece last year, according to data from Eurostat.
Romania’s gross domestic product (GDP) reached almost EUR 188 billion, namely 1.2% of EU’s total GDP. Greece had a GDP of EUR 178 billion in 2017.
Romania also got very close to the Czech Republic, which had a GDP of EUR 192 billion in 2017, and Portugal – EUR 193 billion.
The European Union had a GDP of EUR 15.3 trillion in 2017, up 2.8% compared to 2016. Germany, France and UK were the top three economies in the EU, generating over half of the total GDP.