McKinsey: Digital economy could add EUR 42 bln to Romania’s GDP by 2025

Romania’s digital economy accounted for 6.9% of the gross domestic product (GDP), or some EUR 12 billion, in 2016, and could grow up by EUR 42 billion to 20% of GDP in 2025 under an optimistic scenario of accelerated convergence toward the development stage seen in northern Europe, according to a report on digital challenges unveiled by consultancy firm McKinsey, and quoted by local Agerpres.

This would contribute one percentage point to the GDP growth over the period, according to Romania-Insider.com.

Under a moderate growth, “business as usual” scenario, Romania’s digital economy would rise by only EUR 18 billion to reach a share of 12% in country’s GDP, in 2025.

Romania is one of the ten “Digital Challenger” markets in Central and Eastern Europe, under the McKinsey classification. These countries have lower digitization rates compared to the so-called “Digital Frontrunners” (Belgium, Denmark, Estonia, Finland, Ireland, Luxembourg, the Netherlands, Norway and Sweden) or the “Big 5” (Germany, Italy, Spain and the United Kingdom).

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