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.