The Moldovan economy expanded 21.5 percent year-on-year in the second quarter of 2021, following a 1.8 percent growth in the prior quarter. It was the highest record of expansion since at least 1996, largely due to low base effects from the previous year when the Covid-19 shock hit the economy. Growth was supported by household consumption (20.7 percent), government spending (29.1 percent) and gross fixed capital formation (24.5 percent). In contrast, the net trade contributed negatively to the GDP growth, as imports jumped 52 percent, whereas exports rose at a much slower 10.7 percent. Considering the first half of the year, the economy grew 11.7 percent. source: National Bureau of Statistics of the Republic of Moldova

GDP Annual Growth Rate in Moldova averaged 3.04 percent from 1996 until 2021, reaching an all time high of 21.50 percent in the second quarter of 2021 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 October of 2021.

GDP Annual Growth Rate in Moldova is expected to be 10.50 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 3.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Moldova GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 11:00 AM Q1 1.8% -3.3% -4%
2021-09-15 12:00 PM Q2 21.5% 1.8%
2021-12-15 12:00 PM Q3 21.5%


Related Last Previous Unit Reference
GDP Growth Rate 2.50 3.30 percent Mar/21
GDP Annual Growth Rate 21.50 1.80 percent Jun/21
Gross Fixed Capital Formation 16630214.00 10898830.00 MDL Thousand Jun/21
GDP Constant Prices 52951573.90 199162184.20 MDL Thousand Dec/20

News Stream
Moldovan GDP Expands at Record Pace
The Moldovan economy expanded 21.5 percent year-on-year in the second quarter of 2021, following a 1.8 percent growth in the prior quarter. It was the highest record of expansion since at least 1996, largely due to low base effects from the previous year when the Covid-19 shock hit the economy. Growth was supported by household consumption (20.7 percent), government spending (29.1 percent) and gross fixed capital formation (24.5 percent). In contrast, the net trade contributed negatively to the GDP growth, as imports jumped 52 percent, whereas exports rose at a much slower 10.7 percent. Considering the first half of the year, the economy grew 11.7 percent.
2021-09-15
Moldova GDP Contracts Less in Q4
The Moldovan economy shrank 3.3 percent year-on-year in the final quarter of 2020, following a 9.7 percent drop in the prior quarter. It was the third consecutive quarter of recession, although the softest, as household consumption declined less (-1.6 percent vs -8.0 percent in Q3) and government spending increased further (5.4 percent vs 1.2 percent). In addition, the contribution from net trade was less negative, due to a smaller contraction of exports (-10.5 percent vs -20.6 percent), while imports also decreased (-0.5 percent vs -8.5 percent). In contrast, gross fixed capital formation fell 6.6 percent after advancing 6.7 percent in Q3. Considering the whole year, the economy contracted 7.0 percent, following a 3.7 percent expansion in 2019.
2021-03-16

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.