Moldova | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Moldova including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Moldova economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -0.70 0.3 0.4 0.5 0.5 0.5 percent [+]
Unemployment Rate 6.30 4.2 3 4 6.2 4.5 percent [+]
Inflation Rate 7.40 7.1 6.8 5.4 4.2 2.7 percent [+]
Interest Rate 8.00 9 8.5 8 7.75 5 percent [+]
Balance of Trade -207.30 -194 -194 -194 -194 -194 USD Million [+]
Government Debt to GDP 37.80 38.2 38.2 38.2 38.7 40.2 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 18.04 18.29 18.47 19.02 18.83 21.73 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -0.70 0.3 0.4 0.5 0.5 0.5 percent [+]
GDP Annual Growth Rate 3.10 3.8 2.9 2.5 2.2 2.6 percent [+]
GDP 6.57 6.94 6.82 7.17 6.45 10.98 USD Billion [+]
Gross Fixed Capital Formation 6657396.00 7265523 8653349 8531765 6965146 8242769 MDL Thousand [+]
GDP per capita 1978.26 2029 2019 2009 2008 1976 USD [+]
GDP per capita PPP 4741.96 5054 5080 5106 5097 5366 USD [+]
GDP Constant Prices 127238946.50 129043013 131293205 133543397 135848021 160460265 MDL Thousand [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 6.30 4.2 3 4 6.2 4.5 percent [+]
Unemployed Persons 75.80 59.04 44.87 49.42 70.26 54.21 Thousand [+]
Labor Force Participation Rate 40.30 45.2 44.38 39.99 40.56 40.38 percent [+]
Wages 5218.90 5518 5434 5460 5454 5455 MDL/Month [+]
Wages in Manufacturing 4850.80 5123 5142 5109 5115 5116 MDL/Month [+]
Population 3.55 3.55 3.55 3.55 3.54 3.52 Million [+]
Retirement Age Women 57.60 57 57 57 57.6 57.6 [+]
Retirement Age Men 62.60 62 62 62 62.6 62.6 [+]
Youth Unemployment Rate 12.70 10.21 11.52 12.86 11.65 11.78 percent [+]
Employed Persons 1125.70 1293 1286 1148 1138 1158 Thousand [+]
Employment Rate 37.70 43.24 43.06 38.48 38.08 38.82 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 7.40 7.1 6.8 5.4 4.2 2.7 percent [+]
Consumer Price Index CPI 2331.89 2369 2399 2426 2454 2761 Index Points [+]
Core Inflation Rate 4.80 4.76 4.8 4.82 4.83 4.84 percent [+]
Producer Prices 128.70 131 133 135 137 154 Index Points [+]
Inflation Rate Mom 0.90 0.66 0.63 0.65 0.65 0.65 percent [+]
Producer Prices Change 3.60 2.9 2.7 2.6 2.5 2 percent [+]
Food Inflation 9.10 10.04 10.51 9.83 9.06 7.99 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 8.00 9 8.5 8 7.75 5 percent [+]
Money Supply M0 16704.84 16841 16736 16889 16743 16885 MDL Million [+]
Money Supply M3 70506.35 70240 70046 69905 69739 69534 MDL Million [+]
Deposit Interest Rate 6.00 5.99 5.99 5.99 5.99 5.99 percent [+]
Lending Rate 12.00 11.99 11.99 11.99 11.99 11.99 percent [+]
Money Supply M1 28081.24 28212 28369 28435 28461 28476 MDL Million [+]
Money Supply M2 47111.29 47279 47558 47742 47844 47985 MDL Million [+]
Foreign Exchange Reserves 2324548.76 2349512 2382245 2395191 2399963 2402589 USD Thousand [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -207.30 -194 -194 -194 -194 -194 USD Million [+]
Exports 154.20 171 164 170 170 170 USD Million [+]
Imports 361.50 361 364 363 363 363 USD Million [+]
Current Account -13.49 -59.17 -60.71 -61.12 -62.79 -64.62 USD Million [+]
Current Account to GDP -4.10 -6.4 -6.4 -6.4 -6 -5.2 percent [+]
Capital Flows -22.23 40.56 50.27 39.42 46.89 65.98 USD Million [+]
Terrorism Index 0.02 0.29 0.29 0.29 0.32 0.61 [+]
Tourist Arrivals 32630.00 35393 35960 34241 29988 34748 [+]
Remittances 198.81 195 198 200 191 198 USD Million [+]
Foreign Direct Investment 23.40 32.4 37.52 30.53 32.89 32.28 USD Million [+]
External Debt 6338.39 6352 6339 6325 6391 6906 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 37.80 38.2 38.2 38.2 38.7 40.2 percent [+]
Government Budget -1.80 -1.64 -1.66 -1.68 -1.67 -1.34 percent of GDP [+]
Government Revenues 43660.70 45200 45284 45368 45600 44323 MDL Million [+]
Military Expenditure 28.60 25.58 27.02 28.45 28.5 26.41 USD Million [+]
Government Spending 46393.90 48376 48349 48323 48631 49233 MDL Million [+]
Government Budget Value -2733.20 -1727 -1809 -1891 -1841 -1290 MDL Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -9.30 -4.41 -2.14 -0.77 0.02 1.21 percent [+]
Industrial Production Mom 10.50 2.55 1.92 1.33 1.2 1.16 percent [+]
Manufacturing Production -11.20 -5.26 -1.59 -0.56 0.35 1.66 percent [+]
Steel Production 30.00 27.58 27.22 26.51 26.15 25.87 Thousand Tonnes [+]
Mining Production 6.70 2.81 6.65 7.75 8.1 8.28 percent [+]
Corruption Index 30.00 32 32 32 33 33 Points [+]
Corruption Rank 123.00 109 111 113 111 112 [+]
Ease of Doing Business 44.00 39 38 37 39 56 [+]
Changes In Inventories 830459.10 -268309 535800 -349851 295644 42865 MDL Thousand [+]
Competitiveness Index 3.86 3.86 3.86 3.86 3.88 3.94 Points [+]
Competitiveness Rank 100.00 90 90 90 90 90 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales MoM -1.60 -6.45 -5.97 0.29 0.62 -0.79 percent [+]
Retail Sales YoY -6.40 -5.29 -4.94 -4.97 -4.95 -4.96 percent [+]
Consumer Spending 25750967.00 27915994 28173844 28204553 28208211 28208705 MDL Thousand [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 12.00 11.99 14.93 17.86 17.39 17.18 percent [+]
Personal Income Tax Rate 18.00 18 18 18 18 18 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 29.00 29 29 29 29 29 percent [+]
Social Security Rate For Companies 23.00 23.14 23.13 23.12 23.14 23.54 percent [+]
Social Security Rate For Employees 6.00 5.99 6 6.01 6.01 6.01 percent [+]