MAIN ASPECTS REGARDING THE CONTRIBUTION OF DOMESTIC TRADE TO THE DEVELOPMENT OF ROMANIA'S ECONOMY IN THE PERIOD 2008- 2017

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 18 ISSUE 4
Written by Agatha POPESCU

The paper analyzed the contribution of the domestic trade to the economic development of Romania in the period 2008-2017 in terms of contribution to GDP, investments, jobs, labor productivity, number of companies in operation and turnover. The data taken from the National Institute of Statistics were processed using fixed basis indices, growth rates, structural changes, comparisons to emphasize the main aspects which characterize the evolution of home trade and of its subsectors. The results proved the important role that home trade has in the economy. In 2016, it contributed by Lei 160 Billion 918.7%) to GDP, by Lei 20.06 Billion (20 %) to the investments in the economy, by 1,884 thousand persons (22.5 %) to the occupied population, but in a lower measure to the increase of labour productivity. Home trade is attractive for small business investors as proved by the increased number of new companies in 2016. At present, 45.4 % of the enterprises operating in the economy are profiled on trade transactions. Also, home trade has contributed by Lei 565.1 Billion to the turnover in the economy. The increased sales are justified by the consumption high growth rate for goods and services. The wholesale and retail trade contributes by about 81 % to the national turnover. Therefore, trade is a very important sector of activity which supports Romania's economic development.

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POPESCU A. 2018, MAIN ASPECTS REGARDING THE CONTRIBUTION OF DOMESTIC TRADE TO THE DEVELOPMENT OF ROMANIA'S ECONOMY IN THE PERIOD 2008- 2017. Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 18 ISSUE 4, PRINT ISSN 2284-7995, 249-260.


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Copyright 2012. To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“
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