Moldova recorded a Current Account deficit of 9.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Moldova averaged -8.24 percent from 1998 until 2018, reaching an all time high of -1.20 percent in 2002 and a record low of -19.70 percent in 1998.

Current Account to GDP in Moldova is expected to be -10.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Moldova Current Account to GDP is projected to trend around -9.00 percent in 2020, according to our econometric models.

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Moldova Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-9.90 -7.60 -1.20 -19.70 1998 - 2018 percent Yearly

Moldova Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Moldova Trade Last Previous Highest Lowest Unit
Balance of Trade -237.60 -257.10 -40.40 -350.20 USD Million [+]
Current Account -377.48 -311.74 41.39 -377.48 USD Million [+]
Current Account to GDP -9.90 -7.60 -1.20 -19.70 percent [+]
Imports 504.20 525.40 554.90 111.10 USD Million [+]
Exports 266.60 268.30 272.10 61.90 USD Million [+]
Capital Flows -395.57 -298.30 448.87 -395.57 USD Million [+]
Terrorism Index 0.12 0.23 2.58 0.00 [+]
Tourist Arrivals 51355.00 47932.00 51355.00 11226.00 [+]
Remittances 237.70 213.93 316.09 0.02 USD Million [+]
Foreign Direct Investment 294.41 125.33 294.41 -9.26 USD Million [+]
External Debt 7316.99 7351.60 7351.60 1678.25 USD Million [+]