MOLDOVAN GDP GREW 4% OVER 9 MONTHS

The Moldovan GDP exceeded 139.145 million lei (US$8,185 million) in January-September in current market prices, growing 4% against the equivalent period of 2017 in real terms.

According to the National Bureau of Statistics (NBS), the following types of activity positively influenced the GDP growth:

- Wholesale and retail trade; technical maintenance and repairing of automobiles and motorcycles; transporting and storage; activity on accommodation and public catering (+1.2%), whose GVA grew 5.8%, while the share of the GDP accounted for 20.4%;
- Construction (+1.2%), whose contribution to the GDP accounted for 8.9%, while the GVA has grown (+15.9%);
- Mining operations; processing industry; production and ensuring electricity and heating energy, natural gas, hot water; air conditioning; water supply; waste treatment and processing and rehabilitation works (+0.8%), GVA grew 5.3%, while their share in GDP accounted for 15%.

Taxes on food products exceeded the level of the equivalent period of 2017 by 1.1%, influencing the growth and formation of the GDP by 0.2% and 13.6%, respectively.

From the point of view of the GDP use, the growth was due to the growth fixed capital formation (+3%), whose volume grew 12.7%, while its share in the GDP accounted for 25%; the final household consumption (+2.7%), whose volume accounted for 3.2%, while share in GDP reached 82.9%.

A negative influence on the GDP actual volume index was exerted by net exports (-2.6%), as a result of considerable exceeding of the share of goods and services’ imports (55.3%) over the share of their exports (30%) and the exceeding of rate of import growth (8.9%) over the export growth (7.8%).

In Q32018, the GDP was 57.37 billion lei (US$3.374 billion) in current market prices and grew 3.4% in real terms against the equivalent period of 2017. Given the seasonal corrections, the growth reached even 3.7%. Against 2Q2018 it accounted for 1.2%.

Infotag’s dossier: In 2017, the Moldovan GDP grew 4.5% in real terms, in 1Q2018 – 3.7%, in 2Q2018 – 5.2%. The Ministry of Economy and Infrastructure and the World Bank initially forecasted economic growth of 3.8% in 2018, while the International Monetary Fund and the European Bank for Reconstruction and Development – 3.5%. However, according to the latest forecasts, the IMF expects 3.8%, the Ministry of Economy – 4%, while the World Bank – even 4.8%.