Moldova

map Moldova
Moldova is recovering from January’s energy crisis and may achieve economic growth of 0.8% in 2025. Favourable weather, strong investment activity and pre-election stimuli have supported growth. The outlook is brighter still, with 2.5% growth expected in 2026. The country no longer depends on Russian energy, and the pro-EU Party of Action and Solidarity (PAS) secured victory in the 28 September elections. Reforms are set to accelerate; thus, Moldova can benefit from more European funds. Yet weak competitiveness, agriculture’s dependence on the weather and Russian destabilisation remain key risks.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons252924582402...
GDP, real change in %-4.61.20.10.82.53.0
GDP per capita (EUR at PPP)103101151011890...
Gross industrial production, real change in %-5.1-3.6-1.1...
Unemployment rate - LFS, in %, average3.14.64.04.44.34.2
Average gross monthly wages, EUR525622727...
Consumer prices, % p.a.28.713.44.77.75.85.0
Fiscal balance in % of GDP-3.2-5.1-3.9-4.2-4.0-3.5
Public debt in % of GDP35.034.938.1...
Current account in % of GDP-17.1-11.1-16.6-23.1-20.3-19.4
FDI inflow, EUR m557334424...
Gross external debt in % of GDP65.359.058.7...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, 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. 7-8, July-August 2025
38 pages including 5 Tables and 3 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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