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Romanian GDP Between 1990 and 2005: Structural Resemblance and Difference

A State's GDP represents the aggregated image of economic outcomes. Both the GDP dimension and its structure constitute important information with respect to the degree of economic development of a State. A State's GDP is a system characterised by increased inertia. For this reason, transition from one state, reflected by GDP structure and volume, to another state, is achieved over long time spans, such as decades. This holds true also for ROMANIA, which had to pass from a GDP structure specific to a centralised economy to a GDP structure specific to the functioning market economy, between 1990 and 2005.