Moldova’s GDP expanded 5.8 percent year-on-year in the second quarter of 2019, faster than a 4.4 percent advance in the prior period. It was the highest growth rate since the last quarter of 2017, mainly due to a rise in fixed investment (6.9 percent vs 2.3 percent in Q1). At the same time, both household consumption (1.5 percent vs 1.6 percent) and government expenditure (0.2 percent vs 0.5 percent) slowed; while net external demand contributed negatively to growth (-2 percent vs 1 percent). On a seasonally adjusted quarterly basis, GDP advanced 2 percent, higher than a 0.6 percent rise in Q1. GDP Annual Growth Rate in Moldova averaged 3.26 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.