Moldova’s gross domestic product shrank by 9.7 percent year-on-year in the third quarter of 2020, easing from a record contraction of 14 percent in the previous three-month period. source: National Bureau of Statistics of the Republic of Moldova

GDP Annual Growth Rate in Moldova averaged 2.93 percent from 1996 until 2020, reaching an all time high of 12.90 percent in the third quarter of 2013 and a record low of -14 percent in the second quarter of 2020. This page provides - Moldova Gdp Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Moldova GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

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 6.00 in 12 months time. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Moldova GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.70 -14.00 12.90 -14.00 1996 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-16 12:00 PM Q4 0.2% 4.3% 3.5%
2020-06-15 11:00 AM Q1 0.9% 0.2% -1.5%
2020-09-16 12:00 PM Q2 -14% 0.9% -7.3%
2020-12-15 12:00 PM Q3 -9.7% -14% -7.3%
2021-03-16 12:00 PM Q4 -9.7%
2021-06-15 11:00 AM Q1
2021-09-15 12:00 PM Q2
2021-12-15 12:00 PM Q3

News Stream
Moldova GDP Contracts at Record 14%
The Moldovan economy shrank 14 percent year-on-year in the second quarter of 2020, the first contraction since 2015 and the biggest on record due to the coronavirus crisis. Household spending went down 9.7 percent and gross fixed capital formation shrank 6.4 percent while net exports contributed positively. Considering the first half of the year, the economy contracted 7.2 percent.
Moldova Economy Expands 0.9% in Q1
Moldova’s economy grew 0.9 percent year-on-year in the first quarter of 2020, following a 0.2 percent expansion in the previous period. Main drivers of growth were: construction (+0.6 percent); information & communication (0.4 percent); and wholesale & retail trade, maintenance & repair of motor vehicles, transport & storage, and accommodation & catering activities (+0.3 percent). On a seasonally adjusted quarterly basis, the economy advanced 0.5 percent, recovering from a 1.2 percent contraction in the prior period.
Moldova Q4 GDP Growth Slows to 4-Year Low of 0.2%
Moldova’s GDP expanded 0.2 percent year-on-year in the fourth quarter of 2019, slowing from a 4.3 percent advance in the prior period. It was the lowest GDP growth since the economy contracted in Q4 2015. On a seasonally adjusted quarterly basis, the economy shrank 1.2 percent, after expanding 0.6 percent in the three months to September. It was the first contraction in GDP since Q1 2018. Considering full 2019, the GDP grew 3.6 percent, easing from a 4.0 percent advance in 2018.

Moldova GDP Annual Growth Rate
Household consumption is the main component of GDP in Moldova and accounts for 94 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 43 percent while imports account for 81 percent, subtracting 37 percent of total GDP.