After 1989 the country experienced a decade of economic instability and decline, led in part by an obsolete industrial base and a lack of structural reform. From 2000 onward, however, the Romanian economy was transformed into one of relative macroeconomic stability, characterised by high growth, low unemployment and declining inflation. In 2006, according to the Romanian Statistics Office, GDP growth in real terms was recorded at 7.7%, one of the highest rates in Europe. However, the Great Recession forced the government to borrow externally, including an IMF €20 billion bailout program. According to The World Bank, GDP per capita in purchasing power parity grew from $13,687 in 2007 to $28,206 in 2018. Romania's net average monthly wage increased to 666 euro as of 2020, and an inflation rate of −1.1% in 2016. Unemployment in Romania was at 4.3% in August 2018, which is low compared to other EU countries.