Bucharest

Bucharest (Romanian: Bucure?ti) is the capital city and industrial and commercial centre of Romania, located in the southeast of the country, on the Dâmbovi?a river. The city proper has a population of 2,082,000 inhabitants, together with the metropolitan area comprising approximately 2.3 million people.

Economy

Although it accounts for around 9% of Romania's population, Bucharest produces around 21% of the country's GDP and about a quarter of the industrial production, being obviously the most developed area and industrialized area of Romania. Almost two-thirds of Romania's national taxes are paid by Bucharest citizens and companies. http://www.capital.ro/index.jsp?page=article&article_id=18487§ion_id=3

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The weak status of the Romanian leu in international exchange rates makes it difficult to compare economic product of Bucharest to that of the European Union countries. Based on local purchasing power, Bucharest has per capita GDP nearly 60% that of the EU average, more than twice the Romanian average. http://europa.eu.int/rapid/pressReleasesAction.do?reference=IP/05/935&type=HTML&aged=0&language=EN&guiLanguage=en. Based on the fact that Bucharest produces around 21% of Romanian GDP for a population of around 2 milion, the GDP (PPP) per capita would be US$20,057. http://www.erionet.org/JIM%20Romania.htm

Related Topics:
Leu - Exchange rate - European Union

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In April 2005, Bucharest had an unemployment rate of 2.7% (quite significantly lower than the national unemployment rate of 5.5%).

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