Moldova GDP Growth Rate

The Gross Domestic Product (GDP) in Moldova expanded 0.91 percent in the fourth quarter of 2010 over the previous quarter. GDP Growth Rate in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova. From 1995 until 2010, Moldova GDP Growth Rate averaged 0.6 Percent reaching an all time high of 5.2 Percent in March of 2010 and a record low of -7.8 Percent in March of 2009. Moldova is the poorest country in Europe. Moldova’s economy is dependent on remittances from abroad (around 30 percent of GDP) which mostly benefit construction and trade sectors. Agriculture is still central to the economy and accounts for a significant part of exports. Lately, the manufacturing sector based on production of textiles has been growing. Moldova has failed to implement reforms to combat bureaucratic barriers to doing business and attract foreign investment. This page provides - Moldova GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.91 0.51 5.20 -7.84 -1.13 | 2011/03 1995 - 2010 Percent Quarterly

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Moldova GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 7.25 2012-12-31 7.02 7.25 1.17 7.89 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 12.90 2013-09-30 6.10 12.90 -7.40 4.61 2013-12-31 Percent [+]
GDP per capita 1038.40 2012-12-31 1046.40 1659.15 570.02 1068.96 2013-12-31 USD [+]
GDP per capita PPP 2950.86 2012-12-31 2973.61 4714.89 1619.87 3032.36 2013-12-31 USD [+]
GDP Growth Rate 0.91 2010-12-31 0.51 5.20 -7.84 -1.13 2011-03-31 Percent [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Moldova Imports at 319.50 USD Million  
Imports in Moldova decreased to 319.50 USD Million in January of 2014 from 554.90 USD Million in December of 2013. Imports in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Producer Prices at 104.90 Index Points  
Producer Prices in Moldova increased to 104.90 Index Points in February of 2014 from 104 Index Points in December of 2013. Producer Prices in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Average Monthly Wages at 3777.40 MDL  
Wages in Moldova decreased to 3777.40 MDL in January of 2014 from 4278.70 MDL in December of 2013. Wages in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Average Monthly Wages in Manufacturing at 3693.70 MDL  
Wages in Manufacturing in Moldova decreased to 3693.70 MDL in January of 2014 from 4147.50 MDL in December of 2013. Wages in Manufacturing in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Balance of Trade at -152.30 USD Million  
Moldova recorded a trade deficit of 152.30 USD Million in January of 2014. Balance of Trade in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Consumer Price Index (CPI) at 100.30 Index Points  
Consumer Price Index (CPI) in Moldova decreased to 100.30 Index Points in March of 2014 from 100.50 Index Points in February of 2014. Consumer Price Index (CPI) in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Current Account at -14.90 USD Million  
Moldova recorded a Current Account deficit of 14.90 USD Million in the fourth quarter of 2013. Current Account in Moldova is reported by the National Bank of Moldova.
Moldova Exports at 167.20 USD Million  
Exports in Moldova decreased to 167.20 USD Million in January of 2014 from 202.10 USD Million in December of 2013. Exports in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Inflation Rate at 5.70 Percent  
The inflation rate in Moldova was recorded at 5.70 percent in March of 2014. Inflation Rate in Moldova is reported by the National Bureau of Statistics of the Republic of Moldova.
Moldova Interest Rate at 3.50 Percent  
The benchmark interest rate in Moldova was last recorded at 3.50 percent. Interest Rate in Moldova is reported by the National Bank of Moldova.
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