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. source: National Bureau of Statistics of the Republic of Moldova
GDP Annual Growth Rate in Moldova averaged 2.87 percent from 1996 until 2020, 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 April of 2021.
GDP Annual Growth Rate in Moldova is expected to be 1.40 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 3.00 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.