Moldova's New Prime Minister
Pro-EU former Prime Minister Maia Sandu beat pro-Russia incumbent Igor Dodon with 58% of the vote.
Moldova GDP and Economic Data
Includes Moldova real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Moldova economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Moldova best banks and safest banks are also available.
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International Reserves
USD 3.78 billion (2020)
World Bank, last updated 12/16/2021
Gross Domestic Product - GDP
USD 12.40 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
GDP (Purchasing Power Parity)
USD 36.89 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
Real GDP growth
| 2017 | 2018 | 2019 | 2020 | 2021 |
| 4.7% | 4.3% | 3.7% | -7% | 4.5%* |
*Estimate
Source
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GDP - composition by sector
- agriculture: 9.5%
- industry: 23.3%
- services: 54.2%
(2018 estimate)
Inflation
| 2017 | 2018 | 2019 | 2020 | 2021 |
| 6.5% | 3.6% | 4.3% | 4.4% | 3%* |
*Estimate
Source
Unemployment rate
| 2017 | 2018 | 2019 | 2020 | 2021 |
| 4.1% | 3.1% | 5.1% | 8% | 5.5%* |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2017 | 2018 | 2019 | 2020 | 2021 |
| 34.3% | 31.2% | 28.3% | 34.8% | 38.1%* |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2017 | 2018 | 2019 | 2020 | 2021 |
| 0.5% | 0% | –0.7% | -4.3.% | –3.3%* |
*Estimate
Source
Government bond ratings
Standard & Poor's: N/A
Moody's: B3
Standard & Poor's / Moody's
Source
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Current account balance
USD -1 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
Current account balance by percentage of GDP
-8.5% (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
Exports as percent of GDP (Exports of goods and services)
26.5% (2020)
World Bank - World Development Indicators (updated Feb 2022)
Shares in world total merchandising export
0.01% (2020)
United Nations Conference on Trade and Development (UNCTAD)
Shares in world total commercial services export
0.02% (2020)
Compiled by GFMag - Based on World Bank - World Development Indicators
Total exports
USD 3.2 billion (2020 estimate)
United Nations Conference on Trade and Development (UNCTAD)
Export commodities
Insulated wiring, sunflower seeds, wine, corn, seats (2019)
Total imports
USD 5.9 billion (2020 estimate)
United Nations Conference on Trade and Development (UNCTAD)
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Import commodities
Refined petroleum, cars, insulated wiring, packaged medicines, broadcasting equipment (2019)
Exports - major partners
Romania 27%, Russia 9%, Italy 9%, Germany 9%, Turkey 6%, Poland 5% (2019)
Imports - major partners
Romania 20%, Russia 10%, Ukraine 9%, Germany 8%, China 7%, Turkey 6%, Italy 6% (2019)
FDI inflows
| 2019 | 2020 | 2021 |
| USD 292 million | USD 503 million | USD 55 million |
FDI outflows
| 2019 | 2020 | 2021 |
| USD 38 million | USD 42 million | USD –12 million |
Value of cross-border M&A, by country of purchaser
N/A
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
Starting a Business: 13 out of 190 countries
Dealing with Construction Permits: 156 out of 190 countries
Getting Electricity: 84 out of 190 countries
Registering Property: 22 out of 190 countries
Getting Credit: 48 out of 190 countries
Protecting Minority Investors: 45 out of 190 countries
Paying Taxes: 33 out of 190 countries
Trading across Borders: 38 out of 190 countries
Enforcing Contracts: 62 out of 190 countries
Resolving Insolvency: 67 out of 190 countries
World Bank - Doing Business 2020
Source
Global competitiveness ranking
102 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 78 / Score: 61.3 (Moderately Free)
The Heritage Foundation - 2022 Index of Economic Freedom
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Languages
Moldovan/Romanian 80.2% (official) (56.7% identify their mother tongue as Moldovan, which is virtually the same as Romanian; 23.5% identify Romanian as their mother tongue), Russian 9.7%, Gagauz 4.2% (a Turkish language), Ukrainian 3.9%, Bulgarian 1.5%, Romani 0.3%, other 0.2% (2014 est.); note - data represent mother tongue
Religions
Orthodox 90.1%, other Christian 2.6%, other 0.1%, agnostic <.1%, atheist 0.2%, unspecified 6.9% (2014 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020 |
| 3.0 million | 2.9 million | 2.9 million | 2.8 million | 2.6 million |
*Estimate
Source
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2020 |
| 23.4% | 40.4% | 44.6% | 42.8% |
Literacy
Total population: 99.4%
Male: 99.7%
Female: 99.1% (2015)
Definition: age 15 and over can read and write
% of population living on less than $3.10 a day
0.5% (last available estimate, 2019)
Inequality of wealth distribution (Gini index)
26.0 (last available estimate, 2019)
Source
Freedom House rating
Total score: 62/100
Status: Partly Free
Political Rights: 27/40
Civil Liberties: 35/60 (2022)
Source
Total telephone subscribers as % of population
Fixed: 25.5%
Mobile: 84.8% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)