This overview provides a summary of the selected indicators, including their latest values, changes over time, and key statistics.
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This indicator measures the percentage of Romania's total population residing in urban areas. It provides a snapshot of the country's level of urbanization, reflecting a shift from rural to city living. For economists and policymakers, this metric is crucial for understanding demographic trends, which directly influence economic development strategies. Higher urbanization often correlates with increased industrialization, service sector growth, and demand for infrastructure. It is typically calculated by dividing the number of people living in designated urban settlements by the total national population. An increasing percentage signals potential economic shifts, including greater demand for housing, transportation, and employment in cities, potentially leading to faster economic growth but also requiring careful urban planning and resource management. Conversely, a declining or stagnant rate might suggest a slowdown in industrial activity or a reversal of urban migration trends.
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