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Moldova

Due to the country’s geography and an association agreement with the EU, Moldova’s economy is increasingly less agriculturally dominated and significantly more integrated into European manufacturing value chains.

Moldova has experienced solid growth in recent years, dampened only by the Corona pandemic, a severe drought in the agricultural sector and the war in neighbouring Ukraine. The manufacturing and service sectors have gained in importance in recent years, replacing the agricultural sector as the most important economic sector.

The German Economic Team is mainly active in Moldova in the areas of foreign trade, agriculture and investment promotion.

News

    • 23.02.2024

    GET presents Economic Monitors for Ukraine and Moldova at BMWK

    The German Economic Team has presented the latest Economic Monitor for Ukraine and Moldova at the 23rd information event on 15 February at the Federal Ministry of Economics and Climate Action (BMWK).

    • 13.10.2023

    Resilience and economic growth: Reform agenda for Moldova

    For the upcoming “Moldova Support Platform” ministerial conference on 17th October in Chişinău with the foreign ministers of Germany, France and Romania, Berlin Economics, via the “German Economic Team” project, identified -on request by the Moldovan government- reform options and measures having the potential to make the Moldovan economy more resilient and growth-oriented in the medium term.

Publications

Newsletters

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Economic Monitors

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  • Economic Monitor Moldova

    WA 19 | Februar 2024

    The Moldovan economy is showing signs of recovery following the recession in 2022. Economic growth of 2.0% is forecasted for 2023, driven by the agricultural sector. In 2024, growth could increase to 3.9%, due to rising private consumption.
    Despite a fall in the inflation rate to 4.2% by the end of 2023 and a lower budget deficit, challenges remain due to currency appreciation and a lack of growth stimulus.
    Trade with Ukraine has declined, while exports of services have increased. Trade relations with the EU, which focus on plums and pork, and a possible switch from USD to EUR as the reference currency could offer new economic opportunities.

Policy Publications

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