In 2018, Romania’s GDP per capita will exceed 10,000 USD for the first time ever, marking Romania’s emergence as a medium-income economy. If we look at the raw data in terms of real income, Romanians now have twice the disposable income they had in 2000, when their country was invited to join the European Union (EU).
Taking into consideration the fact that Romania’s membership of the EU is a very popular debate in the last period in our country, the Euro-pessimists have to know a fact that has been shown by figures: that in all these years in the European Union, Romania has collected European funds amounting to more than 45 billion of euro and contributed only 15 billion.
So, regardless of our governments and despite the slow start, we are a net beneficiary since joining the EU, with a total profit of 30 billion euros. However, if we exclude direct area payments transferred from the European Agricultural Guarantee Fund (EAGF), we see that we received subsidies of 7.6 billion, so we have a net profit of 22 billion in 11 years, an insufficient amount for Romania’s development needs.
LET’S NOT FORGET: ROMANIA IS A NET BENEFICIARY OF EU MEMBERSHIP
However, in the context of Brexit, the amounts due to the EU budget will increase and Member States with net contributions will set future budget allocations based on individual performance and respect for the rule of law principles – a scenario that seems less favorable to Romania taking into account its current performance.
Despite the change in income in the last two decades, and despite all the broader social, institutional and economic changes EU membership has brought, Romania failed to overcome its striking development gaps, and prosperity is still far away.