The Moldova economy depends on agriculture, remittances, and services. Wine, fruits, and vegetables are key exports, while remittances from workers abroad bolster GDP. EU trade agreements support growth, but political instability and corruption deter investment. Poverty and emigration challenge progress, with efforts to modernize agriculture and develop tourism underway. Infrastructure deficits and reliance on Russian energy pose risks to long-term economic stability.
Moldova Economy Size
Moldova’s economy, valued at $15 billion, is small, with agriculture and remittances driving its GDP, limited by poverty and emigration. See Moldova GDP.
Moldova Purchasing Power Parity (PPP)
Moldova’s economy has a PPP GDP of $45 billion, three times its $15 billion nominal GDP, due to low costs for agriculture and remittances. PPP per capita is around $17,000, indicating modest purchasing power. Domestic pricing supports local markets, but emigration and poverty limit broader PPP benefits.
Moldova Growth Rate
The economic growth rate is 3.5% in 2024, driven by agriculture and remittances. Wine exports and infrastructure investments support growth, but poverty and emigration pose risks. Regional trade and EU candidacy drive resilience, while foreign investment enhances momentum, positioning the small economy for robust progress.
Moldova Inflation
Moldova’s inflation rate is about 5% in 2024, driven by rising global food and energy prices. Remittances and agricultural exports increase domestic demand, while currency depreciation raises import costs. Energy import reliance adds pressure, but tight monetary policy and EU candidacy help moderate inflation in this small economy.
