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- Upper-middle income economyMoldova's economy is an emerging upper-middle income economy1. The country's economy relies heavily on its agriculture sector, featuring fruits, vegetables, wine, wheat, and tobacco2. Moldova also depends on annual remittances of about $1.2 billion from the roughly one million Moldovans working in Europe, Israel, Russia, and elsewhere2. In 2021, Moldova’s economy grew by a record 13.9%, following an almost 8% contraction in 20203. Despite a solid economic performance over the past two decades, Moldova remains among the poorest countries in Europe4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The economy of Moldova is an emerging upper-middle income economy, with a high Human Development Index. Moldova is a landlocked Eastern European country, bordered by Ukraine on the East and Romania to the West. It is a former Soviet republic and today a candidate member to the European Union.en.wikipedia.org/wiki/Economy_of_Moldova
With a moderate climate and productive farmland, Moldova's economy relies heavily on its agriculture sector, featuring fruits, vegetables, wine, wheat, and tobacco. Moldova also depends on annual remittances of about $1.2 billion - almost 15% of GDP - from the roughly one million Moldovans working in Europe, Israel, Russia, and elsewhere.
www.cia.gov/the-world-factbook/countries/moldova/In 2021, Moldova’s economy grew by a record 13.9%, following an almost 8% contraction in 2020. Unemployment decreased, outmigration slowed, and consumer confidence grew. However, there are major concerns facing Moldova’s investment climate in 2022.www.state.gov/reports/2022-investment-climate-sta…Despite a solid economic performance over the past two decades, Moldova remains among the poorest countries in Europe. Although a growth model reliant on remittance-induced consumption has generated high growth and reduced poverty, it had become less sustainable well before the recent series of crises.www.worldbank.org/en/country/moldova/overview - People also ask
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See all on WikipediaEconomy of Moldova - Wikipedia
The economy of Moldova is an emerging upper-middle income economy, Moldova is a landlocked Eastern European country, bordered by Ukraine on the East and Romania to the West. It is a former Soviet republic and today a candidate member to the European Union. See more
On January 2, 1992, Moldova introduced a market economy, liberalising prices, which resulted in huge inflation. In 1993, a national currency, the Moldovan leu, was introduced to replace … See more
According to the World Bank, Moldova's weighted average tariff rate in 2001 (the most recent year for which World Bank data are available) … See more
Moldova's income tax rate has been a flat 12 percent since 2019.
The corporate tax rate for SRL companies has been 12 percent from 2012, since 2018 the unique tax … See moreMoldova's proximity to the Black Sea gives it a mild and sunny climate. The fertile Chernozem soil supports wheat, corn, barley, tobacco, sugar beet, and soybeans. Beef and dairy cattle are raised, and beekeeping is widespread. Moldova's best … See more
As a whole, Moldova is doing well, despite a series of consecutive shocks, which included the doubling of the price of imported natural gas and 2006 Russian ban of Moldovan and Georgian wines, and a severe drought in 2007. Growth is estimated at 5 … See more
Countries tend to benefit from sharing borders with developed markets as this facilitates trade and development. Below is a table of Moldova's … See more
Annual inflation rate hit 30.2% in December 2022, mainly as a result of the rise in world wide fuel and food costs, falling in 2023, … See more
Wikipedia text under CC-BY-SA license Moldova Overview: Development news, research, …
WEBApr 9, 2024 · Moldova faces challenges from the war in Ukraine, energy and refugee crises, and low productivity and competitiveness. The World Bank Group supports green, resilient, and inclusive development …
Moldova Economic Update - World Bank Group
WEBMay 19, 2021 · The World Bank provides a brief overview of Moldova's economic performance and outlook in 2020-2023. It highlights the challenges and opportunities for the recovery, the fiscal and monetary …
Moldova Economy, Politics and GDP Growth …
WEBThe web page provides an overview of Moldova's economy, politics and risk outlook, with data and analysis from The Economist Intelligence Unit. It covers topics such as the impact of the Ukraine war, the EU …
Moldova - Agriculture, Industry, Trade | Britannica
- The pressures of inflation and the economic downturn that followed independence resulted in wi…
A taxation system was created in Moldova in 1992 to facilitate the transition from a planned economy to a market economy. It was reformed in 1996 to improve the collection process. There are two levels of tax collection in Moldova—national and local. National taxes include an incom…
- The pressures of inflation and the economic downturn that followed independence resulted in wi…
WEBMoldova's economy faced a contraction in 2022 and a slow recovery in 2023 due to the war in Ukraine, energy crisis, and drought. The report analyzes the external …
GDP (current US$) - Moldova | Data - World Bank Data
WEBGDP (current US$) - Moldova. World Bank national accounts data, and OECD National Accounts data files.
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MOLDOVA - World Bank
WEBThe report analyzes the impact of the COVID-19 pandemic and the drought on Moldova's economy and outlook. It projects a slow recovery, with GDP reaching the pre-crisis …
WEBThe report analyses the impact of Covid-19 on Moldova's economy and the policy response. It projects GDP growth of 7.0 per cent in 2021 and 4.0 per cent in 2022, and …
Moldova | Data - World Bank Data
WEBFind data on Moldova's social, economic, environmental and institutional indicators, as well as projects, finances and surveys from The World Bank. Explore trends, maps, …
The World Bank in Moldova
WEBLearn how the World Bank Group supports Moldova's green, resilient, and inclusive long-term development and helps to recover from the Covid-19 pandemic, energy and refugee crises. Find Moldova's GDP, poverty, …
Moldova Economy: GDP, Inflation, CPI & Interest Rates
WEBMoldova's economy in numbers: Nominal GDP of USD 14.5 billion in 2022. GDP per capita of USD 5,688 compared to the global average of USD 10,589. Average real GDP …
Moldova - Statistics & Facts | Statista
WEBJul 11, 2024 · The economy of Moldova continues to lean on agriculture, which accounts for more than half of gross domestic product (GDP) generation. Adjusted for inflation, the …
Moldova: Economy - globalEDGE
WEBMoldova's economy relies heavily on its agriculture sector, featuring fruits, vegetables, wine, and tobacco. Trade. Source: United Nations Comtrade. Note: Top 3 trade …
Moldova Economy - overview - Economy - IndexMundi
WEBSep 18, 2021 · Over the longer term, Moldova's economy remains vulnerable to corruption, political uncertainty, weak administrative capacity, vested bureaucratic interests, energy …
Moldova GDP - Gross Domestic Product 2023
WEBGross Domestic Product of Moldova grew 0.8% in 2023 compared to last year. This rate is 54 -tenths of one percent higher than the figure of -4.6% published in 2022. The GDP …
GDP growth (annual %) - Moldova | Data - World Bank Data
WEBGDP growth (annual %) - Moldova. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Label.
Moldova - The World Factbook
WEBDec 23, 2021 · Despite recent progress, Moldova remains one of the poorest countries in Europe. With a moderate climate and productive farmland, Moldova's economy relies …
Moldova - United States Department of State
WEBLearn about Moldova's economic reforms, challenges, and opportunities for foreign investment under the pro-reform government. The report covers trade, FDI, …
Moldova GDP Annual Growth Rate - TRADING ECONOMICS
WEBMoldova GDP Annual Growth Rate. Household consumption is the main component of GDP in Moldova and accounts for 94 percent of its total use, followed by gross fixed capital …
Moldova to Respond to Economic Challenges and Build …
WEBMay 25, 2023 · Moldova is currently grappling with unprecedented challenges arising from the spillover effects of the Russia’s invasion of Ukraine, significantly impacting …
WEBThe capital market in Moldova is underdeveloped and not making a sufficient contribution to the financing, risk management and investment needs of the economy.
WEBMoldova’s economy has shifted from its historical reliance on Russia and now exports over 80 percent of its goods to European, North American, and other non-CIS markets. …
Moldova joins the Inclusive Framework on BEPS and participates …
WEBThe Republic of Moldova joins international efforts against tax avoidance by joining the OECD/G20 Inclusive Framework on BEPS, an international collaboration with over 145 …
Grants and Reporting Manager- Moldova - Moldova | ReliefWeb
WEB12 hours ago · Moldova. Moldova: COVID-19 - Socio-Economic Response and Recovery Plan – June 2020 Format Appeal Source. UN in Moldova; Posted 28 Jul 2020 Originally …
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