Moldova | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Moldova including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Moldova economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.60 0.3 0.4 0.5 0.5 0.5 percent [+]
Unemployment Rate 3.80 4.2 3 4 6.2 4.5 percent [+]
Inflation Rate 6.60 3.6 3.8 3.4 3.2 2.7 percent [+]
Interest Rate 9.00 8.5 7.75 7.25 6.75 4 percent [+]
Balance of Trade -219.20 -183 -178 -178 -177 -177 USD Million [+]
Government Debt to GDP 27.50 26.12 27.98 29.85 29.66 28.26 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 18.19 19.58 19.78 20.36 20.17 23.27 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.60 0.3 0.4 0.5 0.5 0.5 percent [+]
GDP Annual Growth Rate 6.50 3.8 2.9 2 2.1 2.6 percent [+]
GDP 6.57 6.94 6.82 7.17 6.45 10.98 USD Billion [+]
Gross Fixed Capital Formation 8568686.00 7228068 8624185 8508757 6868824 8203436 MDL Thousand [+]
GDP per capita 1978.26 2029 2019 2009 2008 1976 USD [+]
GDP per capita PPP 4741.96 5054 5080 5106 5097 5366 USD [+]
GDP Constant Prices 127238946.50 129043013 131293205 133543397 135848021 160460265 MDL Thousand [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.80 4.2 3 4 6.2 4.5 percent [+]
Unemployed Persons 44.90 51.97 40.58 45.57 58.49 47.92 Thousand [+]
Labor Force Participation Rate 40.00 45.06 44.31 39.9 40.32 40.25 percent [+]
Wages 6003.70 5534 5501 5508 5507 5507 MDL/Month [+]
Wages in Manufacturing 5642.40 5226 5267 5262 5259 5260 MDL/Month [+]
Population 3.55 3.55 3.55 3.54 3.54 3.54 Million [+]
Retirement Age Women 57.60 57 57 57 57.6 57.6 [+]
Retirement Age Men 62.60 62 62 62 62.6 62.6 [+]
Youth Unemployment Rate 12.60 9.74 10.93 12.14 10.6 10.96 percent [+]
Employed Persons 1148.30 1294 1287 1149 1141 1159 Thousand [+]
Employment Rate 38.50 43.28 43.08 38.5 38.15 38.86 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 6.60 3.6 3.8 3.4 3.2 2.7 percent [+]
Consumer Price Index CPI 2331.89 2369 2399 2426 2454 2761 Index Points [+]
Core Inflation Rate 4.90 4.85 4.92 4.95 4.97 5 percent [+]
Producer Prices 128.20 131 133 135 137 154 Index Points [+]
Inflation Rate Mom 1.40 0.63 0.62 0.63 0.63 0.63 percent [+]
Producer Prices Change 3.50 2.9 2.7 2.6 2.5 2 percent [+]
Food Inflation 7.00 8.79 9.2 8.84 8.41 7.78 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 9.00 8.5 7.75 7.25 6.75 4 percent [+]
Money Supply M0 16387.99 16328 16313 16309 16308 16307 MDL Million [+]
Money Supply M3 70197.85 70355 70223 70131 70086 70018 MDL Million [+]
Deposit Interest Rate 6.00 5.99 5.99 5.99 5.99 5.99 percent [+]
Lending Rate 12.00 11.99 11.99 11.99 11.99 11.99 percent [+]
Money Supply M1 27767.78 28016 28073 28115 28125 28133 MDL Million [+]
Money Supply M2 46370.40 46686 46772 46835 46870 46916 MDL Million [+]
Foreign Exchange Reserves 2273498.39 2290819 2303285 2308002 2309590 2310480 USD Thousand [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -219.20 -183 -178 -178 -177 -177 USD Million [+]
Exports 212.10 181 187 188 187 187 USD Million [+]
Imports 431.30 362 368 366 366 366 USD Million [+]
Current Account -13.49 -59.17 -60.71 -61.12 -62.79 -64.62 USD Million [+]
Current Account to GDP -7.20 -7.47 -7.93 -8.4 -8.43 -7.8 percent [+]
Capital Flows -22.23 40.56 50.27 39.42 46.89 65.98 USD Million [+]
Terrorism Index 0.02 0.29 0.29 0.29 0.32 0.61 [+]
Tourist Arrivals 32630.00 35393 35960 34241 29988 34748 [+]
Remittances 198.81 195 198 200 191 198 USD Million [+]
Foreign Direct Investment 23.40 32.4 37.52 30.53 32.89 32.28 USD Million [+]
External Debt 6338.39 6352 6339 6325 6391 6906 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 27.50 26.12 27.98 29.85 29.66 28.26 percent [+]
Government Budget -2.20 -1.76 -2.15 -2.54 -2.4 -2.21 percent of GDP [+]
Government Revenues 43660.70 45200 45284 45368 45600 44323 MDL Million [+]
Military Expenditure 28.50 27.73 27.8 27.86 27.61 26.68 USD Million [+]
Government Spending 46393.90 48376 48349 48323 48631 49233 MDL Million [+]
Government Budget Value -2733.20 -1727 -1809 -1891 -1841 -1290 MDL Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -2.30 -0.01 0.47 0.8 1 1.31 percent [+]
Industrial Production Mom 10.50 2.55 1.92 1.33 1.2 1.16 percent [+]
Manufacturing Production -1.70 0.13 0.82 1.09 1.33 1.68 percent [+]
Steel Production 5.00 13.91 17.73 19.46 20.25 20.93 Thousand Tonnes [+]
Mining Production -4.90 -9.55 -9.92 -9.95 -9.95 -9.95 percent [+]
Corruption Index 30.00 32 32 32 33 33 Points [+]
Corruption Rank 123.00 109 111 113 111 112 [+]
Ease of Doing Business 44.00 39 38 37 39 56 [+]
Changes In Inventories -1279309.50 -270262 384427 -233486 19022 -62511 MDL Thousand [+]
Competitiveness Index 3.86 3.86 3.86 3.86 3.88 3.94 Points [+]
Competitiveness Rank 100.00 90 90 90 90 90 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales MoM 17.20 -7.67 -7.87 -2.24 -1.85 -3.01 percent [+]
Retail Sales YoY -2.20 -3.22 -2.5 -2.48 -2.52 -2.52 percent [+]
Consumer Spending 30792472.00 29999497 29990633 29989645 29989534 29989521 MDL Thousand [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 12.00 11.99 14.93 17.86 17.39 17.18 percent [+]
Personal Income Tax Rate 18.00 18 18 18 18 18 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 29.00 29 29 29 29 29 percent [+]
Social Security Rate For Companies 23.00 23.14 23.13 23.12 23.14 23.54 percent [+]
Social Security Rate For Employees 6.00 5.99 6 6.01 6.01 6.01 percent [+]