Moldova's GDP shrank 1.2 percent on quarter in the three months to December 2019, down from a 0.6 percent expansion in the previous period. It was the first contraction in GDP since Q1 2018. Year-on-year, the economy advanced 0.2 percent, slowing from a 4.3 percent growth in Q3. Considering full 2019, the GDP grew 3.6 percent, less than 4.0 percent in 2018.
GDP Growth Rate in Moldova averaged 0.76 percent from 1995 until 2019, reaching an all time high of 5.30 percent in the first quarter of 2013 and a record low of -7.84 percent in the first quarter of 2009. This page provides the latest reported value for - Moldova GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Moldova GDP Growth Rate - values, historical data and charts - was last updated on June of 2020.
GDP Growth Rate in Moldova is expected to be -8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Moldova to stand at 0.50 in 12 months time. In the long-term, the Moldova GDP Growth Rate is projected to trend around 0.50 percent in 2021 and 0.70 percent in 2022, according to our econometric models.