Economic

Moldova's Economy Grows Despite Challenges

In 2023, Moldova's Gross Domestic Product (GDP) experienced a 0.7% growth compared to 2022, according to preliminary estimates released by the National Statistics Office (BNS) on Friday. The GDP value in 2023 reached 300.4 billion lei.

The following activities had a positive impact on the evolution of GDP:

• Agriculture, forestry and fishing
• Health and social assistance
• Information and communication

The following activities caused a decrease in GDP:

• Manufacturing
• Construction
• Wholesale and retail trade
• Repair of motor vehicles and motorcycles
• Transportation and storage

From the perspective of GDP usage, the positive impact on the evolution of GDP was mainly caused by net exports of goods and services (+5.8%), as a result of a 5.1% increase in the volume of exports of goods and services and a 5.1% decrease in the volume of imports of goods and services.

Translation by Iurie Tataru

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