The analysis of the labor market in Romania and of the economic impact of the labor force deficit provides an overview of the structure and evolution of the labor market in recent years, as well as an estimate of the additional labor force needed for Romania to recover gaps compared to the EU level, and support economic growth objectives.
The objective of this AmCham initiative is to identify the most appropriate measures to reduce the human capital deficit in the short, medium, and long term, and to recommend them to responsible decision-makers and the private sector, for which ensuring the necessary labor force is one of the greatest challenges faced in Romania.
The analysis was conducted for AmCham Romania by PricewaterhouseCoopers (PwC) Romania, based on publicly available data provided by the National Institute of Statistics, Eurostat, the National Strategy and Forecast Commission, and the General Inspectorate for Immigration. The analysis is structured into four components: (i) a description of the current context of the labor market, (ii) an estimation of the labor force deficit, (iii) an estimation of the economic impact of the labor force deficit, and (iv) policy recommendations based on models of best practices from other states. Methodological specifications are included within the analysis.
>> The analysis is available for reference here: