Industrial tradition of Banat

One of the features of the industrial sector at the level of the West Region is the presence of nearly all branches of industry: machine construction, automotive, ICT, electronic parts, wood processing, mining industry, chemical industry, food industry, etc.

In 2010, in West Region 55 059 companies were active. Share belongs to micro - enterprises (88.7%) and small enterprises (9.3%).

Source: NIS (2011), Statistical Yearbook of Romania 2010

SME activity was affected by the economic crisis this fluctuation being noticed on the main indicators.

During 2001-2008 regional GDP grew significant, reaching more than 4 times in 2008 to 50020.50 million calculated at current prices. The regional GDP constantly attended by around 10% to national GDP.

Source: NIS, (2009), Romanian Statistical Yearbook 2010, and NIS (2010), Regional National Accounts 2002-2007

In 2008 the largest contribution to regional GDP in the West Region was Timis with 45%. Follows Arad (22%), Hunedoara (21%) and Caras-Ceverin,with a share of 12%.

Source: NIS, (2010), Regional National Accounts 2002-2007, NIS, 2010

According to Eurostat, GDP per inhabitant in 2008 in West Region was 51 euros, higher than the level of Romania, 47 Euro. The highest GDP was recorded in Bucharest-Ilfov Region (113 Euro), thus exceeding the 75% threshold set by the Convergence objective and the minimum value was recorded in the North-East Region (9 Euro).

Source: Eurostat, October 2011