Moldova recorded robust economic growth of 4.5% y/y

Moldova registered robust economic growth of 4.5% in 2017 compared to 2016.

The result is beyond the expectations of the Ministry of Economy, which forecast a upward trend of up to 3.5 percent.

Accordingly, the value of Gross Domestic Product exceeded 150 billion lei.

The largest share in the structure of GDP is represented by the trade with a share of over 20%, followed by the industrial sector by 14.6%.

The share of agriculture in the economy is over 12% and the IT and communications sector holds a 5.7% share.

The National Bureau of Statistics also informs that the main driver that pushed the economy forward was consumption, with a contribution to GDP growth of 4.3 percent.

Additionally, gross fixed capital formation, ie investments, contributed to the economy growth by 1.2%.

On the other hand, foreign trade, due to exports much lower than imports, had a negative impact on the economic growth of 2.7 percent.

For this year, the Ministry of Economy forecasts an economic growth of up to 3 percent.

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