GDP per capita in Iasi

In the year 2007, the Gross Domestic Product per capita in Iasi county was only 3,986 Euro, 1500 Euro less than the national average - 5486 Euro.

Even though in recent years, the value of Gross Domestic Product (GDP) recorded a significant increase, from 2,500 Euro in 2005 to nearly 4,000 at the end of 2007, Iasi county is still far away from Bucharest and the counties in the Western part of Romania.

On the other hand I think that it's also important to notice that the GDP per capita in Iasi is still 5 times bigger than the average GDP per capita in Moldova (less than 800 Euro).

There is a strong connection between GDP per capita and average income. This means that the incomes in Iasi would be several times higher than in Moldova. Still I don't see to many companies taking advantage of this and bringing in Moldavian employees.

The proximity with the Moldavian border, the cultural similitudes and the fact that there are already a lot of Moldavian students in Iasi could help Iasi become an attractive destination to emigrants from Moldova. This would contribute to the economical growth of the region.

The access to qualified and relatively cheap labor market from Moldova could become a key selling point when trying to attract important investors. But before being able to sell this as a benefit to the investors, this system needs to be pioneered by some local entrepreneurs and they need to prove that it could be economical efficient and it can bring important profits.