Moldova’s GDP close to a standstill in 2024 due to weak agriculture

Moldova’s GDP close to a standstill in 2024 due to weak agriculture

/ bne IntelliNews

By Iulian Ernst in Bucharest March 18, 2025

Moldova’s GDP (chart) edged up by 0.1% y/y to MDL324bn (€16.7bn) in 2024 after negative annual growth rates in H2 prompted by the weak performance of the agriculture sector, according to data published by the statistics bureau.

Moldova’s GDP contracted by 1.3% y/y in Q4, after the 1.9% y/y decline in Q3. Over the full year, the value added generated by agriculture (7.1% of GDP) contracted by 19% y/y making a 1.3 percentage point (pp) negative contribution to the overall GDP growth rate.

The manufacturing industry generated 1.3% y/y more value added (7.7% of GDP) and made a 0.1pp positive contribution.

The sector with the strongest contribution to Moldova’s GDP growth was IT services (7.1% of GDP in value-added terms), which expanded by 5.5% making a 0.4pp positive contribution.

Related Content

Moldova’s inflation eases to 8.6% y/y in February as government subsidises electricity prices

EBRD lowers 2025 forecasts citing subdued global growth and trade fragmentation

EU plans €1.9bn Reform and Growth Facility for Moldova

Moldova’s inflation eases to 8.6% y/y in February as government subsidises electricity prices

EBRD lowers 2025 forecasts citing subdued global growth and trade fragmentation

EU plans €1.9bn Reform and Growth Facility for Moldova

#gdp #macro #bneChart

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Moldova’s inflation eases to 8.6% y/y in February as government subsidises electricity prices

EBRD lowers 2025 forecasts citing subdued global growth and trade fragmentation

EU plans €1.9bn Reform and Growth Facility for Moldova

Moldova’s inflation eases to 8.6% y/y in February as government subsidises electricity prices

EBRD lowers 2025 forecasts citing subdued global growth and trade fragmentation

EU plans €1.9bn Reform and Growth Facility for Moldova

Data

Polish core inflation rate eases to 3.6% y/y in February

Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, eased growth to 3.6% y/y in February (chart) after a gain of 3.7% y/y the preceding month.

Number of foreign-invested companies in Uzbekistan grows by 340 in February to 15,503

China continues to extend lead in ranking of number of companies foreign investors have set up and backed in Central Asia's second largest economy. Russia second, Turkey third.

Kosovo’s economy expands by annual 4.08% in 4Q24

Strong growth reported in Kosovo's manufacturing sector, which expanded by 4.35%.

Polish inflation rate eases to 4.9%, raising hopes for faster decline to central bank target

Poland’s consumer price index grew 4.9% year on year in February, the same expansion rate as the heavily revised – due to the annual changes in the inflation basket – gain of 4.9% y/y the preceding month.

European defence industry is the global growth laggard, says Statista

European Commission President Ursula von der Leyen has called for increased European defence spending under the ReArm Europe plan, but Europe is trailing the other major arms producers badly.

Polish core inflation rate eases to 3.6% y/y in February

Number of foreign-invested companies in Uzbekistan grows by 340 in February to 15,503

Kosovo’s economy expands by annual 4.08% in 4Q24

Polish inflation rate eases to 4.9%, raising hopes for faster decline to central bank target

European defence industry is the global growth laggard, says Statista

Dismiss

Chat with usLiveChat