Moldova's gross domestic product increased 4.4 percent from a year earlier in the first quarter of 2019, following a revised 3.8 percent expansion in the previous three-month period. Wholesale & retail trade, transport & storage, accommodation & catering were the main driver of growth (6.4 percent), followed by construction (15.7 percent), industrial production (3.1 percent), information & communication (8.1 percent), and real estate activities (8.1 percent). On the demand side of the accounts, fixed investment surged 11.3 percent and household consumption advanced 1.7 percent. GDP Annual Growth Rate in Moldova averaged 3.24 percent from 1996 until 2019, 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 3.60 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 3.60 in 12 months time. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.