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MAIN INDUSTRIES

1st rank at national
The economy of Timiș County is increasingly based on the tertiary
level in agriculture and fishing
sector, with a complex structure in which industry has a significant
contribution of over 30%.
Timiș County's specialization stands out in the computer, automotive
and electrical equipment industries, with high localization quotient (LQ)
values in 2019.
3rd rank at national IT&C
Name 2008 2021

Computers, electronic and optical products 6.83 LQ 6.18 LQ
Automotive industry 2.81 LQ 2.60 LQ
Electric equipment 3.84 LQ 2.36 LQ 3rd rank at national

Rubber and plastics 2.04 LQ2.33 LQ level in creative and cultural industries
IT services 2.81 LQ 2.07 LQ

source: The Strategy of Development of Timiș County 2021-2027
4th rank at national level
During the recent years, Timiș has become an important pole of the in scientific and technical
automotive components industry in Romania, attracting major professional activities
economic operators such as Continental, TRW Automotive,
Flextronics, Hella, Draexlmaier,etc. which has given a significant
boost to the development of the county and made the economic
situation in Timis much better compared to other areas. So, therefore,
in 2022, the gross domestic product (GDP) of Timis County is RON 2rd rank at national level
55.5 B (according to data from the National Commission for Strategy
for manufacture
and Prognosis), contributing with about 4.5% of Romania's total
GDP. At the same time, the county has a developed economy and
one of the highest entrepreneurial rates in the country.

At the same time, the real estate sector has seen significant growth in 3rd rank at national level in
previous years in Timișoara. This business area stands out for its office financial services
and residential segments. The commercial sector has also experienced a
significant evolution, as evidenced by the large number of
hypermarkets (Profi, Metro, Selgros, Auchan, Carrefour, Kaufland),
as well as the opening of Iulius Mall Timișoara in 2005 and Shopping
City Timișoara on 26 November 2015.
4th rank at national level in health,
education, public administration
The special conditions in Timiș County, the existing entrepreneurial
tradition, the western mentality of the people and the spirit of initiative,
the geographical position, the high standard of living of the people
(which is higher in the western part compared to the rest of the
country), as well as the relatively high capitalisation capacities, create
favourable conditions for the continued development of the SME
sector. 4th rank at national level in trade,
transport, HoReCa

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