Moldova

map Moldova
Owing to a severe drought, Moldova’s economy stagnated in 2024, though investment and household consumption remained strong. An energy crisis in early 2025, following the cessation of Russian gas supplies to Transnistria, has led to an 80% surge in electricity tariffs, fuelling inflation. The current account deficit is expected to rise, while key USAID projects have been suspended. The EU has pledged EUR 1.9bn in support, conditional on reforms. With elections looming, political instability threatens economic recovery. Growth could reach 1.8% in 2025, but risks persist from weather conditions, external shocks and geopolitical tensions.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons252924582400...
GDP, real change in %-4.61.20.11.83.03.5
GDP per capita (EUR at PPP)102901157012240...
Gross industrial production, real change in %-5.1-3.6-1.1...
Unemployment rate - LFS, in %, average3.14.64.03.83.53.5
Average gross monthly wages, EUR525622724...
Consumer prices, % p.a.28.713.44.78.05.04.0
Fiscal balance in % of GDP-3.2-5.1-3.9-4.0-3.0-2.0
Public debt in % of GDP35.034.938.1...
Current account in % of GDP-17.1-11.3-16.0-17.0-15.2-14.3
FDI inflow, EUR m557330308...
Gross external debt in % of GDP65.358.958.1...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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