Romania
Romanian fintech company Finqware is spreading its wings across CEE
Finqware is a Romanian fintech company operating in Central and Eastern Europe. The company was founded in 2018…Continue reading
Digitalization
- Internet usage (of pop.)
- 85%
- Did online shopping (age 15+)
- 24 – 28%
- Paid bills via internet (age 15+)
- 20 – 24%
- Accessed a bank account online (age 15+)
- 21 – 24%
- Paid utility bills using a mobile phone (age 15+)
- 4 – 5%
- Made or received digital payments (age 15+)
- 61 – 66%
Data overview for Romania
Digitalization
- Internet usage (of pop.)
- 85%
- Did online shopping (age 15+)
- 24 – 28%
- Paid bills via internet (age 15+)
- 20 – 24%
- Accessed a bank account online (age 15+)
- 21 – 24%
- Paid utility bills using a mobile phone (age 15+)
- 4 – 5%
- Made or received digital payments (age 15+)
- 61 – 66%
Macro data
- Population 2020
- 19.3M
- GDP Total 2020
- €233.8B
- GDP per capita 2020 (PPP)
- €27,500
- GDP forecast 2021
- 5.2%
- Trade Flows (% of GDP)
- 72.1%
Banking data
- Total bank assets 2020
- €124.7B
- Total bank assets 2020/GDP
- 57%
- Account ownership (age 15+)
- 72 – 78%
- Debit card ownership (age 15+)
- 58 – 61%
Economic data
- Unemployment
- 5.9%
- Currency
- RON
- Remittances (% of GDP)
- 3%
- Private Consumption (yoy)
- 6.3%
Data provided by Raiffeisen Research, Sources
Romania compared to other CEE countries
Romania
- Internet usage (of pop.)
- 85%
- Did online shopping (age 15+)
- 24 – 28%
- Paid bills via internet (age 15+)
- 20 – 24%
- Accessed a bank account online (age 15+)
- 21 – 24%
Ukraine
Hungary
SerbiaData provided by Raiffeisen Research, Sources