Moldova GDP Growth Slows in Q1

Moldova’s economy grew by 0.4% year-on-year in the first quarter of 2026, easing significantly from a 3.6% expansion in the previous quarter, according to preliminary estimates. Growth was supported by final household consumption (1.8%) and public administration spending (1.0%). Net external demand also contributed positively, as exports surged 10.8% while imports increased just 1.0%. However, gross capital formation fell 3.9%, weighing on overall economic activity. On a seasonally adjusted quarterly basis, GDP contracted 1.2% in Q1, following a 0.8% decline in the previous quarter.

Moldova’s economy advanced by 3.6% year-on-year in the fourth quarter of 2025, following a downwardly revised 5.1% expansion in the previous period, according to preliminary estimates. Gross fixed capital formation (9.3%) and household consumption (2.2%) remained the key drivers of growth. Net external demand also contributed positively, as total exports jumped by 16.7% while imports rose at a slower 14.2%. On a seasonally adjusted quarter-on-quarter basis, the GDP shrank by 0.6%, after a downwardly revised 1.3% rise in the previous quarter. Considering the whole year of 2025, the economy grew by 2.4%, markedly faster than 0.3% in 2024.

Moldova’s economy expanded 5.2% year-on-year in the third quarter of 2025, the fastest pace since Q4 2021, up from 1.1% in Q2. The acceleration was driven by stronger gross fixed capital formation (+3.7%) and household consumption (+2.5%). On the external side, a 14% increase in total exports of goods and services contributed 3.9 percentage points to GDP growth, while a 5.5% rise in imports subtracted 3.1 percentage points. On a seasonally adjusted quarter-on-quarter basis, the economy grew 1.5% in Q3, slightly moderating from 1.8% in the previous quarter. For the January–September period, GDP rose 2.0% year-on-year.