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 Indicators202320242025202620272028
Population, 1000 persons24582402....
GDP, real change in %1.20.12.02.53.0.
GDP per capita (EUR at PPP)1151011890....
Gross industrial production, real change in %-3.6-1.1....
Unemployment rate - LFS, in %, average4.64.04.04.34.2.
Average gross monthly wages, EUR622727....
Consumer prices, % p.a.13.44.77.85.85.0.
Fiscal balance in % of GDP-5.1-3.9-4.2-4.0-3.5.
Public debt in % of GDP34.938.139.0...
Current account in % of GDP-11.1-16.6-21.0-20.3-19.4.
FDI inflow, EUR m334424....
Gross external debt in % of GDP59.058.759.0...


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 Marina 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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