Moldova’s gross domestic product expanded by 3.9 percent year-on-year in the fourth quarter of 2018, following a 3.4 percent advance in the previous period. Main contributions to growth came from household consumption (+4.7 percent) and gross fixed capital formation (+3.6 percent). On the other hand, net trade contributed negatively to growth (-5.7 percent). On a quarterly basis, the economy grew 1.1 percent, easing from an upwardly revised 1.3 percent gain in the third quarter. Considering full 2018, the GDP expanded 4 percent, compared to a 4.7 percent rise in 2017. GDP Annual Growth Rate in Moldova averaged 3.22 percent from 1996 until 2018, reaching an all time high of 12.90 percent in the third quarter of 2013 and a record low of -7.40 percent in the third quarter of 1996.
GDP Annual Growth Rate in Moldova is expected to be 3.10 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 2.90 in 12 months time. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.