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Country

 

Moldova

Economy
  • Population (at 01.01.2025): 2.4 mln
  • GDP (2024): USD 18.2 bln
  • GDP per capita (2024): USD 7,644
  • Average real GDP growth (2016-2024): 2.1%
  • Forecasted average real GDP growth '25-'27*: +2.5%
  • Total loans / GDP (2024): 25.0%
Currency
  • Currency: Moldovan leu (MDL)
  • Exchange rates (31 December 2024): MDL/ USD: 18.48; MDL/ EUR: 19.31
Recent developments
  • In October 2024, Moldovan citizens voted to officially enshrine the country’s EU ambitions into the constitution.
  • Moldova received EU Candidate status in June 2022
  • Weak agriculture season hit economy, GDP grew by 0.1% YoY in 2024.
  • Following Russia's cessation of gas deliveries on January 1, 2025 to Transnistria, Moldova navigated through energy supply challenges. However, Moldova itself no longer relies on Russian gas and has recourse to Romanian electricity market for all its needs and has in place a longterm contract with Cernovoda nuclear power plant
  • This has lead inflation to climb to a maximum of 9.1% as of January 2025, above the NBM inflation corridor of 3.5% - 6.5%. As a result, the NBM has raised the base rate, reaching 6.5% in February 2025 where it has remained as of the 12 May 2025 monetary policy decision
  • In May 2025, inflation stood at 7.9%


Source: National Bureau of Statistics of Moldova, National Bank of Moldova

(*) Source: Average of revised forecasts of: World Bank (April 2025), International Monetary Fund (April 2025), EBRD (May 2025), Vienna Institute for Economic Studies (April 2025) and Moldavian Ministry of Economy (April 2025)