Moldova - Pato la Taifa mwaka Kiwango cha Ukuaji

Moldova’s GDP expanded 5.8 percent year-on-year in the second quarter of 2019, faster than a 4.4 percent advance in the prior period. It was the highest growth rate since the last quarter of 2017, mainly due to a rise in fixed investment (6.9 percent vs 2.3 percent in Q1). At the same time, both household consumption (1.5 percent vs 1.6 percent) and government expenditure (0.2 percent vs 0.5 percent) slowed; while net external demand contributed negatively to growth (-2 percent vs 1 percent). On a seasonally adjusted quarterly basis, GDP advanced 2 percent, higher than a 0.6 percent rise in Q1.

Moldova's gross domestic product increased 4.4 percent from a year earlier in the first quarter of 2019, following a revised 3.8 percent expansion in the previous three-month period. Wholesale & retail trade, transport & storage, accommodation & catering were the main driver of growth (6.4 percent), followed by construction (15.7 percent), industrial production (3.1 percent), information & communication (8.1 percent), and real estate activities (8.1 percent). On the demand side of the accounts, fixed investment surged 11.3 percent and household consumption advanced 1.7 percent.

Moldova’s gross domestic product expanded by 3.9 percent year-on-year in the fourth quarter of 2018, following a 3.4 percent advance in the previous period. Main contributions to growth came from household consumption (+4.7 percent) and gross fixed capital formation (+3.6 percent). On the other hand, net trade contributed negatively to growth (-5.7 percent). On a quarterly basis, the economy grew 1.1 percent, easing from an upwardly revised 1.3 percent gain in the third quarter. Considering full 2018, the GDP expanded 4 percent, compared to a 4.7 percent rise in 2017.