Current Account in Moldova
Moldova - Current Account (billions of U.S. Dollars)After economic growth picked up pace in Q4 2021 amid robust domestic dynamics, available data suggests a complicated start to 2022 due to the breakout of war in neighboring Ukraine. Following solid rises in retail sales and industrial production in January, both swung into contractions in February. Moreover, inflation rose to a fresh record-high in March, which, coupled with slower growth in consumer loans in the quarter, bodes poorly for private spending. Turning to the current quarter, in early April authorities reached a staff-level agreement with the IMF for a USD 267 million investment in the country in response to the consequences of the Russia-Ukraine war, including elevated prices for food and energy. In addition, some EU countries pledged a further EUR 695 million in funding to help Moldova cope with refugee inflows and to support the sectors most affected by the war.
Moldova - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-0.5||-0.3||-0.6||-1.2||-1.2|
5 years of economic forecasts for more than 30 economic indicators.
Moldova Current Account (USD bn) Chart
Source: National Bank of Moldova
|Exchange Rate||17.15||0.03 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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