Moldova’s economy advanced 5.2 percent year-on-year in the three month to June of 2018, up from a 3.7 percent expansion in the previous period. Output rose faster for gross fixed capital formation (9.3 percent from 4.2 percent in Q1) while it slowed for household consumption (3.3 percent from 4.3 percent). Additionally, net trade contributed positively to growth, as exports rose 11.3 percent (13.6 percent in Q1) and imports went up at a softer 9.3 percent (11.6 percent in Q1). On a quarterly basis, gross domestic products expanded 1.7 percent, recovering from a 0.6 percent contraction in the first quarter. GDP Annual Growth Rate in Moldova averaged 3.20 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 3.40 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 3.30 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.