Moldavia Economy

Economic growth:

The economy recorded average annual growth of 2.6% in the decade to 2022. To read more about GDP growth in Moldova, go to our dedicated page.

Fiscal policy:

Moldova's fiscal deficit averaged 2.1% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 4.2% in the decade to 2022. For more information on Moldova's unemployment click here.

Inflation:

Inflation averaged 7.5% in the decade to 2022. Go to our Moldova inflation page for extra insight.

Monetary Policy:

Moldova's monetary policy rate ended 2022 at 20.00%, up from 4.50% a decade earlier. See our Moldova monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the leu weakened by 36.6% vs the U.S. dollar. For more info on the leu, click here.

After annual economic growth accelerated in Q2, the economy likely expanded at an even faster pace in Q3. Industrial output bounced back from Q2’s level in July–August, driven by sharp improvements in manufacturing plus mining and quarrying. Moreover, goods exports contracted at a milder rate than in Q2 during the same two-month period. That said, inflation hit the highest level since late 2023 in Q3, likely straining household budgets. In politics, the constitutional referendum to add the goal of EU membership to the constitution was passed in mid-October by a razor-thin margin, despite significant interference from Russia, boding well for Moldova’s access to the EU. Meanwhile, the second round of the presidential election is scheduled for 3 November, with incumbent pro-EU President Sandu expected to win by a narrow margin.

Projections out to 2034.

44 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 10 expert analysts.

Want to get insight on the economic outlook for Moldova in the coming years? FocusEconomics collects projections out to 2034 on 44 economic indicators for Moldova from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Moldova economy. To download a sample report on the Moldova's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.