The Moldovan economy expanded by 1.1 percent on year in the first quarter of 2022, slowing sharply from a downwardly revised 18.3 percent growth in the previous quarter, amid fading of low-base effects from last year's pandemic shock. Growth was supported primarily by household consumption (+0.6 percent) and government spending (+2.4 percent). Also, net trade contributed positively as exports surged 11.7 percent on year while imports rose at a softer 7.3 percent. In contrast, gross fixed capital formation declined by 0.5 percent. source: National Bureau of Statistics of the Republic of Moldova

GDP Annual Growth Rate in Moldova averaged 3.22 percent from 1996 until 2022, reaching an all time high of 18.30 percent in the fourth quarter of 2021 and a record low of -15.30 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 July of 2022.

GDP Annual Growth Rate in Moldova is expected to be -30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Moldova GDP Annual Growth Rate is projected to trend around 5.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Moldova GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-15 12:00 PM Q4 18.9% 11.6% 4.5%
2022-06-15 01:00 PM Q1 1.1% 18.3% 8%
2022-09-15 01:00 PM Q2 1.1%


Related Last Previous Unit Reference
GDP Growth Rate -6.40 7.50 percent Mar 2022
GDP Annual Growth Rate 1.10 18.30 percent Mar 2022
Gross Fixed Capital Formation 12081383.00 15631228.00 MDL Thousand Mar 2022
GDP Constant Prices 241870520.00 199733684.00 MDL Thousand Dec 2021

Moldova GDP Annual Growth Rate
Household consumption is the main component of GDP in Moldova and accounts for 94 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 43 percent while imports account for 81 percent, subtracting 37 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
1.10 18.30 18.30 -15.30 1996 - 2022 percent Quarterly
NSA

News Stream
Moldova GDP Growth Slows to 1.1% in Q1
The Moldovan economy expanded by 1.1 percent on year in the first quarter of 2022, slowing sharply from a downwardly revised 18.3 percent growth in the previous quarter, amid fading of low-base effects from last year's pandemic shock. Growth was supported primarily by household consumption (+0.6 percent) and government spending (+2.4 percent). Also, net trade contributed positively as exports surged 11.7 percent on year while imports rose at a softer 7.3 percent. In contrast, gross fixed capital formation declined by 0.5 percent.
2022-06-15
Moldova GDP Expands at Record Pace
The Moldovan economy expanded by a record 18.9 percent on year in the fourth quarter of 2021, advancing from an upwardly revised 11.6 percent growth in the previous quarter. Growth was supported mainly by household consumption (9 percent) and government spending (1 percent). However, the gain was limited by a decline in gross fixed capital formation (-4.7 percent) and the net exports (-26.3 percent) due to the prevalence of the contribution of imports over exports to the formation of GDP. Considering the full 2021, the GDP grew 13.9 percent on year, rebounding from a pandemic-induced slump of 8.3 percent a year earlier and up 4.5% from its pre-pandemic levels. The annual GDP reading surpassed forecasts of the International Monetary Fund, World Bank and economy ministry, which predicted gross domestic product to stay between 4.5 percent and 7.5 percent.
2022-03-15
Moldova GDP Growth Slows to 8.3% in Q3
The Moldovan economy expanded 8.3 percent year-on-year in the third quarter of 2021, slower than a 21.5 percent advance in the previous quarter, largely due to fading low base effects of the pandemic shock last year. Growth was supported by household consumption (11.9 percent) and government spending (4.9 percent). Also, net trade contributed positively to the GDP growth as exports jumped 25.1 percent whereas imports rose at a softer 17.8 percent. In contrast, gross fixed capital formation declined by 7.9 percent. Considering the first nine months of the year, the economy grew 10.3 percent.
2021-12-15