Economy of Moldova
Economy of Moldova
Currency
Moldovan leu (MDL)
Fiscal year
Calendar year
Trade
organisations
WTO, GUUAM, CEFTA
Statistics
GDP ranking
145th (2007 est.) [1]
GDP
$9.999 billion (2007
est.)
GDP growth
6% (2007 est.)
GDP per capita $2,200 (2007 est.)
GDP by sector agriculture (20.5%), in-
dustry (23.9%), services
(55.6%) (2005 est.)
Inflation
12.5% (2007 est.)
Pop below
poverty line
29.5% (2005)
Labour force
1.333 million (2007
est.)
Labour force
by occupation
agriculture (40%), in-
dustry (14%), services
(46%) (1998)
Unemployment 2.1%; note - roughly
25% of working age
Moldovans are em-
ployed abroad (2007
est.)
Main
industries
food processing, agri-
cultural machinery,
foundry equipment, ap-
pliances, hosiery, sug-
ar, vegetable oil, shoes,
textiles
Trading Partners
Exports
$1.43 billion f.o.b.
(2007 est.)
Main partners Russia 35.8%, Italy
13.9%, Romania 10%,
Germany 7.3%, Ukraine
6.6%, Belarus 6%, U.S.
4.6% (2004)
Imports
$1.83 billion f.o.b.
(2004 est.)
Main Partners Ukraine 24.6%, Russia
12.2%, Romania 9.3%,
Germany 8.5%, Italy
7.4% (2004)
Public finances
Public debt
24.6% of GDP (2007
est.)
External debt
$2.774 billion (30 June
2007)
Revenues
$1.764 billion (2007
est.)
Expenses
$1.771 billion (2007
est.)
Economic aid
$191.8 million (2005)
Moldova is the second smallest of the former
Soviet republics and the most densely popu-
lated. Industry accounts for only 20% of its
labor force, while agriculture’s share is more
than one-third. It remains the poorest coun-
try in Europe. It is landlocked, bounded by
Ukraine on the east and Romania to the west.
Overview
Moldova’s proximity to the Black Sea gives it
a mild and sunny climate. The fertile soil sup-
ports wheat, corn, barley, tobacco, sugar
beet, and soybeans. Beef and dairy cattle are
raised, and beekeeping is widespread. Mol-
dova’s best-known product comes from its ex-
tensive and well-developed vineyards concen-
trated in the central and southern regions. In
addition to world-class wine, Moldova pro-
duces liqueurs and sparkling wine. It i