Moldova GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

0.2

Units In

-2.4

Frequency

Quarterly

Next Release

Mar 14, 2025

Time to Release

2 Months 25 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

Moldova's economy shrank by 1.9% year-on-year in the third quarter of 2024, following a 2.4% growth in the previous three-month period. It was the first economic contraction since mid-2023 and the strongest since Q4 2022. Next external demand contributed negatively to the GDP, as imports jumped by 12.2% while exports fell by 5.8%. Government spending also decreased (-0.2%). More positively, both household spending (+2.4%) and fixed investment (+1.6%) rose. On a seasonally adjusted quarterly basis, Moldova's GDP declined by 3.1% in Q3, after remaining stagnant in the previous quarter.