Indicators of economy in Moldova
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2022 was at about 12,607 USD per capita. GDP in Moldova, on the other hand, reached USD 5,563 per capita, or 14.42 billion USD for the whole country. Moldova is one of the smaller economies and is currently ranked 137.Inflation in Moldova in 2022 was around 28.74%. Within the EU, the average in the same year was 8.83 percent. In the United States, it was most recently 8.00%.
The index for perceived corruption in the public sector is 39, which is below average by global standards.
Back to overview: Moldova
Impact of the COVID-19 pandemic
Overall, the gross domestic product in Moldova in 2020 decreased moderatly from 11.74 billion US dollars to 11.53 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 1.7 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 33 percent. Fortunately, the unemployment rate actually fell from 5.1 to 3.8 percent. The country's gross debt increased by 22.5 percent. The inflation rate fell from 4.8 percent previously to 3.8 percent by the end of 2020.In 2021, there was already a recovery and the gross domestic product increased to 13.69 billion US dollars (=116.7% of 2019).
Income and purchasing power
The average monthly income in Moldova is 445 US Dollar per capita. In the USA, the figure is 6,364 US Dollar. However, the prices of consumer goods are also around 56.9 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Moldova than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 83.8 percent less.However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.
Unemployment rates in percentages 1991 - 2022
Economic performance 2022
| Indicator | Moldova Total | Moldova per capita | EU Total | EU per capita |
|---|---|---|---|---|
| GDP | 14.42 bn USD | 5,562.61 USD | 16.641 tn USD | 32,317.93 USD |
| Gross national product | 13.85 bn USD | 5,342.80 USD | 17.773 tn USD | 34,515.94 USD |
In the Global Innovation Index, Moldova ranked 56th in 2022 with 31.1 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.
Development of gross domestic product in billions of USD 1991 - 2022
Largest industries
- Vegetable oil
- Food processing (sugar)
- Agricultural machinery
- Foundry equipment
- Refrigerators and freezers
- Washing machines
- Hosiery
- Shoes
- Textiles
Household debt and deficits 2021
| Indicator | Moldova Total | Moldova per capita | EU Total | EU per capita |
|---|---|---|---|---|
| Government debts | 4.54 bn USD | 1,750.09 USD | 5.514 tn USD | 10,708.89 USD |
› Development of inflation
› Corruption in Moldova
› Cost of living in a global comparison
Imports and Exports 2022
| Indicator | Moldova Total | Moldova per capita | EU Total | EU per capita |
|---|---|---|---|---|
| Imports | 7.93 bn USD | 3,058.70 USD | 8.916 tn USD | 17,315.52 USD |
| Exports | 4.20 bn USD | 1,618.84 USD | 9.554 tn USD | 18,554.72 USD |
Development of imports and exports in billions of USD 1994 - 2022
Largest airports and airlines in Moldova
Comparison of income tax by country
List of the 13 current Pariah States