Current Account in Moldova

Moldova Current Account | Economic News & Forecasts

Moldova - Current Account

High-frequency indicators suggest that economic growth accelerated in the second quarter, largely on the back of firming domestic activity. Retail sales growth came in well above the prior quarter’s average in annual terms in Q2, while industrial output soared in the period. On top of this, skyrocketing goods imports in the quarter, coupled with a marked acceleration in credit growth, further highlight improved domestic demand dynamics. That said, a low base effect will have flattered the readings. Meanwhile, available data points to a bumpy start in Q3. Tumbling remittances in July—which represent about 15.0% of the country’s GDP—bode ill for household spending, while rising Covid-19 cases from August amid a still-low vaccination rate will likely place an additional strain on the economy.

Moldova - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-6.0  -3.5  -6.1  -10.6  -10.1  

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Moldova Current Account Chart

Moldova Current Account
Note: Current account balance as % of GDP.

Moldova Facts

Value Change Date
Exchange Rate17.150.03 %Jan 01
Stock Market0.10.0 %Jan 07

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