Moldova

map Moldova
After the boom fuelled by a bumper harvest in 2021, Moldova is facing negative growth in 2022. Soaring inflation – and especially the energy price shock – is hitting both consumption and production. The disruption to trade links with Russia and Ukraine is affecting production and causing a temporary shortage of basic goods. The country is providing refuge for many people who have fled Ukraine, which adds to demand. Generous Western aid and political support are crucial for the necessary economic adjustments.
        FORECAST*
Main Economic Indicators201920202021202220232024
Population, 1000 persons266526202560...
GDP, real change in %3.7-7.413.9-3.03.04.0
GDP per capita (EUR at PPP)9240841010040...
Gross industrial production, real change in %2.0-5.512.1...
Unemployment rate - LFS, in %, average5.13.83.23.53.33.2
Average gross monthly wages, EUR368402427...
Consumer prices, % p.a.4.83.85.120.010.04.0
Fiscal balance in % of GDP-1.4-5.3-1.9-5.0-3.0-2.0
Public debt in % of GDP25.234.232.6...
Current account in % of GDP-9.3-7.7-11.6-12.8-11.6-10.9
FDI inflow, EUR m453138207...
Gross external debt in % of GDP62.268.068.9...


Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.

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Executive summary

Vasily Astrov
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. I-VII
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Monthly Report No. 1/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Marcus How, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 1, January 2022
58 pages including 4 Tables and 21 Figures

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