Moldova GDP Growth RateMoldova GDP Growth RateMoldova GDP Growth Rate

Moldova GDP Growth Rate

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Key data points


Last release
Observation period
Q1 2025
Next release
Forecast
Highest
9.90% on Mar 31, 2021
Lowest
−8.20% on Jun 30, 2020

About Moldova GDP Growth Rate


Category
GDP
Frequency
Quarterly
Units
%
Moldova’s economy is dependent on remittances (around 24 percent of GDP) which mostly benefit construction and trade sectors. Historically, the largest industries in Moldova have been manufacturing industry, agriculture and food processing, textile, apparel and footwear while the ICT sector is a rather new and fast growing sector. On the expenditure side, household consumption is the main component of GDP 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.