Moldova GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

0.2

Units In

-2.4

Frequency

Quarterly

Next Release

Jun 16, 2025

Time to Release

2 Months 28 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
21.5 Jun 2021	-14 Jun 2020	2.86 %	1996-2023	National Bureau of Statistics of the Republic of Moldova

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.

Latest Updates

The economy of Moldova contracted 1.3% year-on-year in the last quarter of 2024, following a 1.9% fall in the previous period. Lower production was seen for agriculture, forestry and fishing (-3%), manufacturing (-0.5%) and construction (-0.3%) while on the consumption side, net trade (-6.9%) and government spending (-1%) made the biggest drags. In contrast, production rose the most for real estate (1.1%), gross capital formation (4.7%) and household consumption (1.2%). Compared to the previous quarter, the economy of Moldova expanded 0.1%, following a 3.1% plunge in Q3. Considering full 2024, the economy edged up a meagre 0.1%, impacted by drought conditions and weak external demand, after a 1.2% growth in 2023.