The Moldovan economy shrank 14 percent year-on-year in the second quarter of 2020, the first contraction since 2015 and the biggest on record due to the coronavirus crisis. Household spending went down 9.7 percent and gross fixed capital formation shrank 6.4 percent while net exports contributed positively. Considering the first half of the year, the economy contracted 7.2 percent.
GDP Annual Growth Rate in Moldova averaged 3.06 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 September of 2020.
GDP Annual Growth Rate in Moldova is expected to be -3.60 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 5.50 in 12 months time. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 2.20 percent in 2021 and 3.00 percent in 2022, according to our econometric models.