Total shortfall from extreme poverty in Romania

Romania: Total shortfall from extreme poverty was 52.81 million international-$ in 2021 prices in 2023. ◆ Volatile

Latest (2023)
52.81 million international-$ in 2021 prices
Change on year
down 56.6%
World rank
64th
of 120 countries
All-time high
1.03 billion international-$ in 2021 prices
in 1994
All-time low
0 international-$ in 2021 prices
in 1989
Years of data
23
1989–2023

Total shortfall from extreme poverty in Romania, 1989–2023

0250.0M500.0M750.0M1.0B1989200620231989: 0 international-$ in 2021 prices1992: 0 international-$ in 2021 prices1994: 1.0B international-$ in 2021 prices1995: 205.5M international-$ in 2021 prices1997: 249.7M international-$ in 2021 prices2006: 891.7M international-$ in 2021 prices2007: 615.2M international-$ in 2021 prices2008: 462.4M international-$ in 2021 prices2009: 327.6M international-$ in 2021 prices2010: 480.3M international-$ in 2021 prices2011: 626.9M international-$ in 2021 prices2012: 698.2M international-$ in 2021 prices2013: 720.6M international-$ in 2021 prices2014: 779.4M international-$ in 2021 prices2015: 564.9M international-$ in 2021 prices2016: 365.6M international-$ in 2021 prices2017: 389.4M international-$ in 2021 prices2018: 282.1M international-$ in 2021 prices2019: 227.3M international-$ in 2021 prices2020: 193.5M international-$ in 2021 prices2021: 191.9M international-$ in 2021 prices2022: 121.7M international-$ in 2021 prices2023: 52.8M international-$ in 2021 prices

Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.

Analysis

In 2023, total shortfall from extreme poverty in Romania stood at 52.81 million international-$ in 2021 prices.

That represents a change of down 56.6% on the previous year and down 92.7% over ten years.

Over the whole period, total shortfall from extreme poverty in Romania peaked at 1.03 billion international-$ in 2021 prices in 1994 and was at its lowest, 0 international-$ in 2021 prices, in 1989.

Romania ranks 64th of 120 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 0 international-$ in 2021 prices 0 international-$ in 2021 prices 0 international-$ in 2021 prices 1
1990s 371.03 million international-$ in 2021 prices 0 international-$ in 2021 prices 1.03 billion international-$ in 2021 prices 4
2000s 574.23 million international-$ in 2021 prices 327.58 million international-$ in 2021 prices 891.68 million international-$ in 2021 prices 4
2010s 513.46 million international-$ in 2021 prices 227.34 million international-$ in 2021 prices 779.40 million international-$ in 2021 prices 10
2020s 139.96 million international-$ in 2021 prices 52.81 million international-$ in 2021 prices 193.47 million international-$ in 2021 prices 4

Countries ranked near Romania

  1. 61 Sweden 63.58 million international-$ in 2021 prices compare
  2. 62 Chile 55.27 million international-$ in 2021 prices compare
  3. 63 Poland 54.00 million international-$ in 2021 prices compare
  4. 65 Hungary 50.24 million international-$ in 2021 prices compare
  5. 66 Panama 39.84 million international-$ in 2021 prices compare
  6. 67 Turkey 39.66 million international-$ in 2021 prices compare

See the full ranking of 120 places →

More poverty & inequality data for Romania

All data for Romania →

Frequently asked questions

What is total shortfall from extreme poverty in Romania?
Total shortfall from extreme poverty in Romania was 52.81 million international-$ in 2021 prices in 2023, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
What is the highest total shortfall from extreme poverty recorded in Romania?
The highest recorded value was 1.03 billion international-$ in 2021 prices in 1994.
What is the lowest total shortfall from extreme poverty recorded in Romania?
The lowest recorded value was 0 international-$ in 2021 prices in 1989.
How does Romania rank for total shortfall from extreme poverty?
Romania ranks 64th out of 120 countries with data for 2023.
Is total shortfall from extreme poverty rising or falling in Romania?
Over the last ten years it is down 92.7%. The long-run trend across the full record is volatile.
Where does this Romania data come from?
The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.

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About this data

Indicator
Total shortfall from extreme poverty
Unit
international-$ in 2021 prices
Source
World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,148 data points, 1963–2025
Last refreshed

This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.