Romania: Economic globalization
(measure: points; Source: The Swiss Institute of Technology in Zurich)
* indicates monthly or quarterly data series
Romania: Economic globalization index (0-100): For that indicator, The Swiss Institute of Technology in Zurich provides data for Romania from 1973 to 2016. The average value for Romania during that period was 42.27 points with a minumum of 28.48 points in 1993 and a maximum of 71.68 points in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.
The KOF Economic Globalization Index for Romania and other countries has two dimensions. First, it measures the economic flows between Romania and the rest of the world in terms of international trade and international investment. The question is whether Romania exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100. More information and the original data can be obtained here.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls.