Fiscal Balance in Moldova

Moldova Fiscal Balance | Economic News & Forecasts

Moldova - Fiscal Balance

GDP expanded at a softer pace of 8.3% year-on-year in Q3 (Q2: +21.5% yoy), as the industrial sector lost steam amid faltering construction activity. Moreover, retail sales growth ground to a near halt in the quarter, showing a slowdown in private spending growth despite improving labor market conditions. Turning to Q4, available data paints a mixed picture: While decelerating industrial activity and yet another contraction in retail sales in October point to softer domestic demand, sustained export growth bodes well for the external sector. In other news, on 21 December the IMF approved a USD 558.3 million aid package for Moldova, while on 4 January, the European Commission proposed a new macro-financial assistance operation of up to EUR 150 million, cementing Moldova’s pro-Western path.

Moldova - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.2  -1.9  -0.8  -0.9  -1.4  

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Moldova Fiscal Balance Chart

Moldova Fiscal
Note: Fiscal balance as % of GDP
Source: National Bureau of Statistics

Moldova Facts

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

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