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.

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Moldova GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-15 01:00 PM Q2 -0.9% 1.1%
2022-12-15 12:00 PM Q3 -10.3% -0.9%
2023-03-15 12:00 PM Q4 -10.3% -6%


Related Last Previous Unit Reference
GDP Growth Rate -8.40 -2.80 percent Sep 2022
GDP Annual Growth Rate -10.30 -0.90 percent Sep 2022
Gross Fixed Capital Formation 17908153.00 15420571.00 MDL Thousand Sep 2022
GDP Constant Prices 227585726.70 199733684.00 MDL Thousand Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-10.30 -0.90 18.30 -15.30 1996 - 2022 percent Quarterly
NSA

News Stream
Moldova GDP Contracts the Most in 2 Years
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%.
2022-12-15
Moldova GDP Contracts in Q2
The Moldovan economy shrank by 0.9 percent year-on-year in the second quarter of 2022, after the 1.1 percent growth in the previous three-month period. It was the first contraction following five consecutive quarters of expansion, as household consumption, which constitutes over 81 percent of the GDP, fell 0.4 percent. In the meantime, gross fixed capital formation shrank by 3.2 percent. On the other hand, government expenditures grew by 0.3 percent and net foreign demand contributed positively to the GDP, as exports grew by 53.9 percent and imports rose at a slower 20 percent. On a seasonally adjusted quarterly basis, the Moldovan economy contracted by 2.3 percent.
2022-09-15
Moldova GDP Growth Slows to 1.1% in Q1
The Moldovan economy expanded by 1.1 percent on year in the first quarter of 2022, slowing sharply from a downwardly revised 18.3 percent growth in the previous quarter, amid fading of low-base effects from last year's pandemic shock. Growth was supported primarily by household consumption (+0.6 percent) and government spending (+2.4 percent). Also, net trade contributed positively as exports surged 11.7 percent on year while imports rose at a softer 7.3 percent. In contrast, gross fixed capital formation declined by 0.5 percent.
2022-06-15