The economy of Moldova plunged by 10.3% year-on-year in the third quarter of 2022, much deeper than a 0.9% decrease in the previous three-month period. it was the steepest contraction since the third quarter of 2020, as the breakout of war in neighboring Ukraine continued to weigh heavily on the economy. The main negative contributor to the sharp downturn was net external demand, as a surge in imports (20.8%) outweighed the increase in exports (10.7%), reflecting the impact of international sanctions on Russia, which is one of Moldova’s key trading partners. Also, both household consumption (-5.7%) and fixed investment (-4.4%) declined. On a seasonally adjusted quarterly basis, the Moldovan economy shrank by 11.8%. source: National Bureau of Statistics of the Republic of Moldova
GDP Annual Growth Rate in Moldova averaged 3.05 percent from 1996 until 2022, reaching an all time high of 18.30 percent in the fourth quarter of 2021 and a record low of -15.30 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 January of 2023.
GDP Annual Growth Rate in Moldova is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 2.80 percent in 2024 and 1.60 percent in 2025, according to our econometric models.