Economy of Moldova
Population: 3.55 M (2018)
GDP per Capita: 3,227 USD (2018)
11,440 M.

GDP USD

(2018)

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3,350 M.

EXPORTS USD

(2018)

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6,290 M.

IMPORTS USD

(2018)

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27.40 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.40 % (2018)
GDP of 2010 USD USD 9.50 B. (2018)
GDP Current USD USD 11.44 B. (2018)
GDP per Capita Current USD USD 3,227 (2018)
GDP per capita, PPP USD 6,452 (2018)
GDP per Capita, 2010 USD USD 2,669 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.75 % (2018)
Government Spending USD 1.69 B. (2018)
Government Debt % GDP 27.40 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 74.17 (2018)
Trade Openness 84.29 % (2018)
Exports of Goods and Services % GDP 29.29 % (2018)
Exports Goods & Services USD 3.35 B. (2018)
Exports Annual Growth 4.83 % (2018)
Imports as % GDP 55.00 % (2018)
Total Imports USD 6.29 B. (2018)
Foreign Direct Investment % GDP 2.73 % (2018)
Foreign Direct Investment USD 0.23 B. (2018)
Current Account Balance % GDP USD -10.59 % (2018)
Current Account Balance USD -1.21 B. (2018)
Trade Balance % GDP -25.71 % (2018)
Trade Balance USD -2.93 B. (2018)
Foreign Exchange Reserves incl Gold USD 3.00 B. (2018)
Remittances % GDP 16.06 % (2018)
Remittances USD 896 M. (2018)
Balance of Payments USD 62 M. (2018)

Labor Market

Indicator Value
Labor Force 1.24 M. (2019)
Unemployment Rate 3.73 % (2019)
Unemployment Rate Females 4.16 % (2019)
Unemployment Rate Males 6.77 % (2019)
Youth Unemployment (ages 15-24) 10.03 % (2019)
Labor Force Participation Rate 41.74 % (2019)
Labor Force (Percent Female) 49.58 % (2019)
Female Labor Force Participation Rate 38.44 % (2019)
Male Labor Force Participation Rate 45.43 % (2019)
Dependent People 37.61 % (2018)

Agriculture Sector

Indicator Value
Forest Area 12.60 % (2016)
Forest Area km² 4,136 km² (2016)
Agricultural Land 74.22 % (2016)
Agricultural Land km² 24,410 km² (2016)
Employment 32.03 % (2019)
Value added % GDP 10.08 % (2018)
Agriculture Value added USD 1.15 B. (2018)
Crop Production Index 115.60 (2016)
Precipitation 450 mm (2014)
Arable Land 56 % (2016)
Cereal Yield 3,639 kg/hectare (2017)
Food production index 97 (2016)
Rural Population 57 % (2018)
Fertilizer use of Arable Land 24 kg/hectare (2016)
Livestock Production Index 101 (2016)
Economy of Moldova

According to the World Bank and its latest published data, the economy of the Moldova presents a growth rate of 3.40 % (2018) to the previous year.

With a population that reaches 3.55 M (2018) and a gross domestic product of USD 11.44 B. (2018), it translates a Gross Domestic Product per Capita of USD 3,227 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Moldova also has a workforce of 1.24 M. (2019) with an unemployment rate of 3.73 % (2019), where women represent 4.16 % (2019) and men 6.77 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.03 % (2019). The total number of dependent people stands at 37.61 % (2018).

The central government spent 14.75 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.69 B. (2018). Its consolidated public debt reached 27.40 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Moldova exported USD 3.35 B. (2018), which represents 29.29 % (2018) of its gross domestic product, in that same sense its imports reached USD 6.29 B. (2018) with a direct foreign investment of USD 0.23 B. (2018).

Moldova has a forest area of 4,136 km² (2016), which represents 12.60 % (2016) of its total area, an average rainfall of 450 mm (2014) per year and a population of 57 % (2018) living in rural areas. With a total area of 24,410 km² (2016) available for agriculture and 32.03 % (2019) of its employments, the agricultural sector contributes to the economy of the Moldova about USD 1.15 B. (2018) (10.08 % (2018) of its GDP).