THE EVOLUTION OF THE ECONOMY BETWEEN 2006 - 2021 MEASURED BY GDP, GDP PPP IN ACCORDANCE WITH THE AVERAGE WAGES - EURO AREA VS ROMANIA –

Csosz Csongor
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Csosz Csongor: BABES – BOLYAI UNIVERSITY OF CLUJ NAPOCA

Annals - Economy Series, 2022, vol. 5, 39-46

Abstract: The economic growth, the economic situation of a country is a significant theme in economic literature. In this article we analyze the change in GDP per capita euro area 2006 - 2021, GDP per capita Romania 2006 - 2021, GDP PPP per capita euro area 2006 - 2021, GDP PPP per capita Romania 2006 - 2021, average monthly wages in the euro area 2006 - 2021, average monthly wages in Romania 2006 – 2021, ratio of the GDP PPP per capita Romania and the euro area, average monthly wages ratio Romania and the euro area and hourly labor cost related to the 2008 – 2021 period, to formulate a conclusion about this modifications. The conclusion will be formulated based on validated and/or invalidated hypotheses. We want to find the answer to the statement: economic development measured by GDP, GDP PPP is accordance with the average monthly wages earned by employees in Romania compared to the countries of the euro area (19 countries).

Keywords: GDP per capita; GDP per capita PPP; average wages; labour cost levels; Romania; Euro area (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2022:v:5:p:39-46

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