Testimonials The sector of food and non-food retail holds systemic importance, and understanding its economic and social impact is essential both for shaping the strategies of companies competing in this space and for informing public policies that affect retail trade and the broader socio-economic environment. The purpose of this study is to provide an objective overview of the evolution of the retail sector in Romania between 2008 and 2023, as well as its influence on the economy and society. Prof.univ.dr. Ion ANGHEL, FRICS, MAA Director, Department of Economic and Financial Analysis and Evaluation Bucharest University of Economic Studies I believe that the openness of the academic environment to the study of real economic issues is essential for creating a virtuous circle—one that brings together the challenges faced by market competitors, the expertise and intellectual independence of academic researchers, and the need for high-quality information among policymakers. Such collaboration lays the groundwork for smart decisionmaking in both the public and private sectors. In 2023, the Retail Trade in Non-Specialized Stores predominantly selling food, beverages, and tobacco (NACE code 4711) generated a total impact of 6.19% of GDP, of which 1.19% was a direct contribution, 2.15% was an indirect contribution, and 2.86% was an induced Prof. Univ. Dr. Adriana Ana Maria Davidescu Department of Statistics and Econometrics, CSIE Head of Business Economics Data Science Lab contribution. At the same time, the sector supported 682,370 jobs, of which 178,890 were through direct effects, 220,620 through indirect effects, and 282,860 through induced effects. These figures highlight the central role of the 4711 sector in Romania’s economic and social dynamics, acting as a major catalyst for economic activity, employment, and domestic consumption. The retail sector (NACE code 4711) is not only an important economic player but a vital engine of the Romanian economy: every leu spent in food retail generates 2.34 lei in the economy and supports over 1,500 jobs. Assoc. Prof. Dr. Sorin Anagnoste Vice Dean, FABIZ - Bucharest University of Economic Studies
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