Moldova’s gross domestic product advanced 3.4 percent year-on-year in the third quarter of 2018, slowing from a 5.2 percent growth in the previous period. It was the weakest pace of expansion since the second quarter of 2017, as household consumption (2.3 percent from 3.3 percent in Q2) slowed and government expenditure (-0.7 percent from -0.1 percent) continued to decline. On the other hand, gross fixed capital formation (20.3 percent from 9.3 percent) expanded at a faster pace. Also, net trade contributed negatively to growth, as exports fell 0.2 percent (11.3 percent in Q2) and imports rose 6.3 percent (9.3 percent in Q2). On a quarterly basis, the economy grew 1.2 percent, after an upwardly revised 1.8 percent gain in Q2. GDP Annual Growth Rate in Moldova averaged 3.21 percent from 1996 until 2018, reaching an all time high of 12.90 percent in the third quarter of 2013 and a record low of -7.40 percent in the third quarter of 1996.
GDP Annual Growth Rate in Moldova is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Moldova to stand at 3.30 in 12 months time. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.