Moldova Economic Statistics and Indicators
04, Jul 2015, EDT. Welcome to the Moldova economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Moldova › Change country
National or Regional Currency: Moldova Leu, MDL
Year of data: 2014 › Change year
Number of Indicators Listed: 34
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 3,583,288 (July 2014 est.)
Area: total: 33,851 sq km ; land: 32,891 sq km ; water: 960 sq km
Natural Resources: lignite, phosphorites, gypsum, arable land, limestone
Capital: name: Chisinau in Romanian (Kishinev in Russian) ; note: pronounced KEE-shee-now (KIH-shi-nyev) ; geographic coordinates: 47 00 N, 28 51 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Despite recent progress, Moldova remains one of the poorest countries in Europe. With a moderate climate and good farmland, Moldova's economy relies heavily on its agriculture sector, featuring fruits, vegetables, wine, and tobacco. Moldova also depends on annual remittances of about $1.6 billion from the roughly one million Moldovans working in Europe, Russia, and other former Soviet Bloc countries. With few natural energy resources, Moldova imports almost all of its energy supplies from Russia and Ukraine. Moldova's dependence on Russian energy is underscored by a growing $5 billion debt to Russian natural gas supplier Gazprom, largely the result of unreimbursed natural gas consumption in the separatist Transnistria region. In August 2013, work began on a new pipeline between Moldova and Romania that may eventually break Russia's monopoly on Moldova's gas supplies. The government's goal of EU integration has resulted in some market-oriented progress. Moldova experienced better than expected economic growth in 2013 due to increased agriculture production, to economic policies adopted by the Moldovan government since 2009, and to the receipt of EU trade preferences. Moldova is poised to sign an Association Agreement and a Deep and Comprehensive Free Trade Agreement with the EU during fall 2014, connecting Moldovan products to the world’s largest market. Still, growth has been hampered by high prices for Russian natural gas, a Russian import ban on Moldovan wine, increased foreign scrutiny of Moldovan agricultural products, and by Moldova’s large external debt. Over the longer term, Moldova's economy remains vulnerable to political uncertainty, weak administrative capacity, vested bureaucratic interests, corruption, higher fuel prices, Russian pressure, and the illegal separatist regime in Moldova's Transnistria region.
More on the Moldova Economy
More on the Moldova Export, Import and Trade
GDP (Constant Prices, National Currency) for Moldova in year 2014 is MDL 11.083 Billion.
GDP (Current Prices, National Currency) for Moldova in year 2014 is MDL 108.04 Billion.
GDP (Current Prices, US Dollars) for Moldova in year 2014 is US$ 7.744 Billion.
GDP Deflator for Moldova in year 2014 is 974.811 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, National Currency) for Moldova in year 2014 is MDL 30,353.01 .
GDP Per Capita (Current Prices, US Dollars) for Moldova in year 2014 is US$ 2,175.53 .
GDP (PPP), US Dollars for Moldova in year 2014 is US$ 17.191 Billion.
GDP Per Capita (PPP), US Dollars for Moldova in year 2014 is US$ 4,829.61 .
Investment (% of GDP) for Moldova in year 2014 is 22.687 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Moldova in year 2014 is 41,471.36 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Moldova in year 2014 is 19,116.07 (Index, Base Year 2000 = 100).
Population for Moldova in year 2014 is 3.559 Million .
General government revenue (National Currency) for Moldova in year 2014 is MDL 42.838 Billions.
General government total expenditure (National Currency) for Moldova in year 2014 is MDL 44.623 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Moldova in year 2014 is MDL -1.785 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Moldova in year 2014 is MDL 108.04 Billions.
Current Account Balance (US Dollars) for Moldova in year 2014 is US$ -0.482 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International