Moldova GDP growth slows in Q3

Figures

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The Moldovan economy expanded 8.3% year-on-year in the third quarter of 2021, slower than a 21.5% advance in the previous quarter, largely due to fading low base effects of the pandemic shock last year.

Growth was supported by household consumption (11.9%) and government spending (4.9%), the National Bureau of Statistics (NBS) said in a statement Wednesday.

Also, net trade contributed positively to the GDP growth as exports jumped 25.1% whereas imports rose at a softer 17.8%.

The country's gross domestic product (GDP) totaled 69.8 billion lei (EUR 3.5 billion) at current prices in the Q3, according to the statistics agency. Compared to the previous quarter, GDP fell 3% in the July-September period.

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