Unemployment in Moldova

Moldova Unemployment | Economic News & Forecasts

Moldova - Unemployment

Economic conditions deteriorated sharply in the first quarter of the year, after annual growth plummeted to 0.2% in the fourth quarter of 2019. Although industrial output gathered momentum in January–February, production is set to have slumped in March as Covid-19 ravaged the economy, likely leading to a contraction of merchandise exports in Q1. Moreover, lower remittance inflows, weaker household spending and postponed investment decisions in March seemingly weighed heavily on overall demand in Q1, and are set to hammer the economy even harder in Q2. Amid urgent balance of payment needs, on April 17 the IMF approved an emergency USD 235 million loan to the country. Meanwhile, although the government has yet to unveil a comprehensive fiscal package, unemployment benefits have been expanded and some taxes deferred.

Moldova - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate3.5  4.2  3.8  3.3  2.9  

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Moldova Unemployment Chart


Moldova Unemployment
Note: Unemployment as % of active population (aop).
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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