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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.70 0.5 0.5 0.6 0.7 0.5 percent [+]
Unemployment Rate 3.50 4 6.2 4.1 3.2 4.5 percent [+]
Inflation Rate 7.90 6.7 6.5 6.2 6 3.6 percent [+]
Interest Rate 7.00 7.25 7.25 7 7 5 percent [+]
Balance of Trade -206.70 -211 -208 -205 -203 -191 USD Million [+]
Government Debt to GDP 37.80 38.2 38.7 38.7 38.7 40.2 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 17.28 17.33 17.15 16.98 16.8 14.88 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.70 0.5 0.5 0.6 0.7 0.5 percent [+]
GDP Annual Growth Rate 2.50 2.5 2.2 2 2.1 2.6 percent [+]
GDP 6.75 7.17 6.67 6.65 6.62 10.98 USD Billion [+]
Gross Fixed Capital Formation 7449164.00 8396851 7010738 7420077 7955317 7884707 MDL Thousand [+]
GDP per capita 2062.68 2150 2230 2230 2230 2450 USD [+]
GDP per capita PPP 4944.34 5000 5025 5049 5073 5219 USD [+]
GDP Constant Prices 127238946.50 133770919 135565949 137360979 139156009 157390315 MDL Thousand [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.50 4 6.2 4.1 3.2 4.5 percent [+]
Unemployed Persons 45.70 48.27 64.52 53.74 48.2 56.05 Thousand [+]
Labor Force Participation Rate 44.10 40.84 40.71 43.69 43.98 42.15 percent [+]
Wages 5636.70 5663 5513 5633 5528 5508 MDL/Month [+]
Wages in Manufacturing 5288.40 5211 5110 5156 5139 5116 MDL/Month [+]
Population 3.55 3.55 3.57 3.58 3.58 3.52 Million [+]
Retirement Age Women 57.60 57 57 57 57 57 [+]
Retirement Age Men 62.60 62 62 62 62 62 [+]
Youth Unemployment Rate 10.10 11.13 11.56 11.2 11.45 11.93 percent [+]
Employed Persons 1270.30 1166 1142 1259 1285 1207 Thousand [+]
Employment Rate 42.60 39.19 38.32 42.09 43.02 40.65 percent [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 7.90 6.7 6.5 6.2 6 3.6 percent [+]
Consumer Price Index CPI 2313.00 2295 2288 2284 2282 2265 Index Points [+]
Core Inflation Rate 4.90 5.3 5.54 5.72 5.85 6.15 percent [+]
Producer Prices 129.80 135 137 137 129 154 Index Points [+]
Inflation Rate Mom 1.50 2.8 3.5 3.76 3.86 3.92 percent [+]
Producer Prices Change 3.40 3.6 3.2 3 2.5 2 percent [+]
Food Inflation 10.60 10.15 9.74 9.22 8.86 8.49 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 7.00 7.25 7.25 7 7 5 percent [+]
Money Supply M0 18283.43 18331 18284 18242 18199 17824 MDL Million [+]
Money Supply M3 74735.12 75773 76118 76197 76159 75063 MDL Million [+]
Deposit Interest Rate 4.00 4 4 3.75 3.75 2.5 percent [+]
Money Supply M1 31469.43 32070 32140 32092 32018 31298 MDL Million [+]
Money Supply M2 49468.67 49789 49812 49732 49615 48408 MDL Million [+]
Lending Rate 10.00 10.25 10.25 10 10 8.5 percent [+]
Foreign Exchange Reserves 2695446.62 2708318 2713574 2697358 2676021 2483640 USD Thousand [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -206.70 -211 -208 -205 -203 -191 USD Million [+]
Exports 224.10 191 182 180 177 159 USD Million [+]
Imports 430.80 401 392 385 380 349 USD Million [+]
Current Account -189.63 -113 -118 -119 -112 -93.44 USD Million [+]
Current Account to GDP -4.10 -6.4 -6 -6 -6 -5.2 percent [+]
Capital Flows 101.78 53.09 59.3 71.98 70.84 69.03 USD Million [+]
Terrorism Index 0.47 0.41 0.49 0.57 0.65 1.14 [+]
Tourist Arrivals 41125.00 33100 26300 37500 33600 32500 [+]
Remittances 203.34 196 188 196 199 184 USD Million [+]
Foreign Direct Investment 30.95 37.48 37.95 39.19 39.97 42.96 USD Million [+]
External Debt 6688.60 6737 6758 6752 6754 6508 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 37.80 38.2 38.7 38.7 38.7 40.2 percent [+]
Government Budget -1.80 -1.5 -1.2 -1.2 -1.2 -0.7 percent of GDP [+]
Government Revenues 43660.70 45368 45600 45832 46065 44323 MDL Million [+]
Military Expenditure 28.60 27.04 26.74 26.44 26.13 21.05 USD Million [+]
Government Spending 46393.90 48323 48631 48939 49247 49233 MDL Million [+]
Government Budget Value -2733.20 -1891 -1841 -1791 -1741 -1290 MDL Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 7.90 3.08 2.31 1.88 1.64 1.34 percent [+]
Industrial Production Mom 15.10 0.6 0.63 0.98 1.03 1.1 percent [+]
Manufacturing Production 8.50 3.62 2.84 2.42 2.16 1.82 percent [+]
Mining Production -22.80 9.06 8.76 8.67 8.64 8.63 percent [+]
Steel Production 45.00 43.6 45.51 47.04 48.17 51.24 Thousand Tonnes [+]
Corruption Index 30.00 30 30 30 30 30 Points [+]
Corruption Rank 123.00 112 109 107 104 104 [+]
Ease of Doing Business 44.00 41 47 50 53 71 [+]
Changes In Inventories 756564.30 -95831 394764 340518 443991 301570 MDL Thousand [+]
Competitiveness Index 3.99 3.92 3.92 3.92 3.92 3.89 Points [+]
Competitiveness Rank 89.00 90 90 90 90 90 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales MoM 10.00 0.93 1.03 1.03 1.03 1.03 percent [+]
Retail Sales YoY -2.10 0.28 1.17 1.85 2.38 4.04 percent [+]
Consumer Spending 30385225.00 30953169 27072302 29587594 32389099 30882331 MDL Thousand [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 12.00 8 8 8 8 6 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 29.09 29.11 29.13 29.14 29.19 percent [+]
Social Security Rate For Companies 23.00 23.38 23.48 23.58 23.68 24.88 percent [+]
Social Security Rate For Employees 6.00 5.7 5.63 5.56 5.48 4.58 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Temperature 2.00 3.53 6.74 15.59 12.38 5.91 celsius [+]