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.