The Gross Domestic Product (GDP) in Moldova expanded 1.80 percent in the first quarter of 2021 over the same quarter of the previous year. source: National Bureau of Statistics of the Republic of Moldova

GDP Annual Growth Rate in Moldova averaged 2.86 percent from 1996 until 2021, 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 August of 2021.

GDP Annual Growth Rate in Moldova is expected to be 12.50 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 5.00 in 12 months time. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Moldova GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 -3.30 12.90 -14.00 1996 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
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 -3.3% -9.7% -3.6%
2021-06-15 11:00 AM Q1 1.8% -3.3% -4%
2021-09-15 12:00 PM Q2 1.8%
2021-12-15 12:00 PM Q3

News Stream
Moldova GDP Contracts Less in Q4
The Moldovan economy shrank 3.3 percent year-on-year in the final quarter of 2020, following a 9.7 percent drop in the prior quarter. It was the third consecutive quarter of recession, although the softest, as household consumption declined less (-1.6 percent vs -8.0 percent in Q3) and government spending increased further (5.4 percent vs 1.2 percent). In addition, the contribution from net trade was less negative, due to a smaller contraction of exports (-10.5 percent vs -20.6 percent), while imports also decreased (-0.5 percent vs -8.5 percent). In contrast, gross fixed capital formation fell 6.6 percent after advancing 6.7 percent in Q3. Considering the whole year, the economy contracted 7.0 percent, following a 3.7 percent expansion in 2019.
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 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.