Yearly evolution (in billions of dollars) 1995 was the last year in which Romania's economy was dominated by the state. From 1996 onwards, the private sector would account for most of Romania's GDP. Data for 1975, 1980 and 1982–1988 taken from the Statistical Abstract of the United States. Data for 1989–1995 provided by the OECD. Data for 1981 and 1985 provided by the World Book Year Book. By April 1989, with its debt virtually zero, Romania was a net external creditor. Foreign borrowing was resumed after December 1989. In order to maintain net creditor status, Romania had to keep its external debt under $2.5 billion, the low estimate of the amount it was owed by oil producers and other LDCs. This was first achieved in 1988 and continued through the early 1990s.
yEarly EVolUTiOn (In BillionS of DoLlarS) 1995 WAs the lASt Year iN WhICh rOmAnIa's econoMy wAs DOmInatED by The statE. fRoM 1996 onwaRdS, thE pRIVaTe secTor wOULd account FOR Most of RoMaNiA's gdp. dAta for 1975, 1980 aNd 1982–1988 taken from the stAtISticaL ABStraCt oF the united sTates. daTa fOr 1989–1995 pROviDed by the oecd. dAta fOR 1981 anD 1985 prOVideD BY the WORlD book YeAr bOoK. by aPril 1989, with its dEBt VirtuAlly zeRo, rOmAnia was a nEt exteRnaL CrediTOR. FOrEIgn bOrrOwing waS ReSUMed After decembEr 1989. iN ordeR tO maintaIn net CreDitor sTAtus, ROMAnia had tO keep itS ExteRnAl DEBt under $2.5 bilLion, tHe low esTimAtE Of The amOunt iT wAs owED by OIl prOducErS AND OTher Ldcs. This Was fIrsT AchIeveD In 1988 and continued thRough tHE eArly 1990s.