Browse a full set of economic indicators


Includes historical data for Moldova’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Low Foreign Investment Despite Free Trade Agreements

A former Soviet republic, in recent years Moldova has made remarkable progress in strengthening its democratic institutions and improving its business environment. With inexpensive labor, free trade agreements with the EU, and commercial laws aligned with WTO standards, the government actively courts foreign investment through tax incentives and other measures.

However, despite considerable potential across the finance, automotive, information technology, agriculture and agro-food sectors, foreign direct investment (FDI) has remained low. Bureaucratic hurdles, cronyism, a sizable informal economy, and low productivity rates hinder investment prospects. Moldova also grapples with a lack of skilled workers and dependence on remittances and international aid. Additionally, as a small economy heavily dependent on trade with Ukraine, Russia and Belarus, Moldova has faced severe repercussions from Russia’s full-scale invasion of Ukraine, including energy crises and unprecedented inflation rates.

Macroeconomy & Sovereign Data

Type of Government Parliamentary republic
Capital Chisinau in Romanian (Kishinev in Russian)
Sovereign Ratings S&P: Not rated
Moody’s: B3
Fitch: Not rated
Total Population 2.5 million
Median Age 35.5
Adult Per Capita Income (PPP) 16,264.03
Total GDP (2023) 18.4 billion

Moldova GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 9.3 billion (2023)
Leading Exports Insulated Wiring
Sunflower Seeds
Total Imports USD 4.2 billion (2022)
Leading Imports Refined Petroleum
Insulated Wiring
Packaged Medicines
Broadcasting Equipment
Source: World Integrated Trade Solution

Moldova Leading Companies

Moldova Agroindbank Financials
Fidesco Group Consumer Discretionary, Food Retail
Moldtelecom Telecommunication Services
Daac Hermes Grup Conglomerate, Industrials, Financials, Food Products
Jurnal Trust Media Group Media, Publishing
Nistru-Struguraș Consumer Staples, Wineries
FlyOne Airlines

Major Trade Partners — Import

Russia 15%
China 12%
Romania 12%
Ukraine 9%
Germany 8%

Source: World Integrated Trade Solution

Major Trade Partners — Export

Romania 27%
Türkiye 10%
Russia 9%
Germany 8%
Italy 8%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000