Tuesday, September 4, 2012

Economy of Moldova

Moldova is the small country of the Eastern Europe and the most densely populated. Industry accounts for only 20% of its labor force, while agriculture's share is more than one-third. It is landlocked, bounded by Ukraine on the east and Romania to the west. Despite improvements on the economy the Republic of Moldova remains Europe's poorest nation

Moldova’s recovery from the impact of the global economic crisis continues: a 7.5 percent increase in real GDP has been reported for the first half of 2011, following the 6.9 percent GDP growth registered in 2010. The recovery seems to be driven by the 10 percent increase in industrial output reported for January-August 2011 seems, which in large measure is due to surging exports. Along with the 13 percent increase in remittancesreported during the first half of 2011, this export growth financed a 40 percent increase in dollar imports during January-August 2011, while still providing official reserves sufficient to finance the purchase of five months of merchandise imports

The rank of Moldova from the richest country in the measurement of National average per capita income using Atlas method in 2003 is-157th and from the  poorest its position is 48th with 590 slightly greater than India (530).
As per other measurement of ;
IMF in 2007....WB>>2007.... CIA in 2008
Rank..Amount/  Rank...amount / Rank...Amount
124..1,298 /....119....1,159..../  ...136......976

GDP Purchasing-Power-Parity (in US Dollars)
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDP PPP 5.835bn 6.393bn 6.960bn 7.668bn 8.492bn 9.185bn 9.735bn 10.728bn 10.190bn 11.039bn 11.998bn
GDP PPP per capita 1,612.7 1,772.1 1,933.0 2,136.0 2,371.2 2,571.0 2,728.9 3,010.2 2,862.0 3,103.7 3,373.2
Real GDP Growth
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Real GDP Growth 6.1% 7.8% 6.6% 7.4% 7.5% 4.8% 3.0% 7.8% -6.0% 7.1% 6.4%
Inflation, average consumer prices
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Inflation 9.6% 5.2% 11.6% 12.4% 11.8% 12.7% 12.3% 12.7% 0.006% 7.3% 7.6%
Public Debt (% of GDP)
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Government Gross Debt 84.0% 67.1% 54.5% 42.8% 34.8% 31.0% 24.6% 19.2% 29.1% 26.5% 23.3%
Current Account Balance -1.8% -1.1% -6.5% -1.7% -7.5% -11.3% -15.2% -16.1% -8.5% -8.3% -10.6%
External Debt (in US Dollars)
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
General Government 0.750bn 0.775bn 0.808bn 0.699bn 0.657bn 0.718bn 0.765bn 0.778bn 0.957bn 1.116bn 1.142bn
Total External Debt 1.678bn 1.816bn 1.928bn 1.881bn 2.078bn 2.488bn 3.317bn 4.079bn 4.358bn 4.786bn 5.452bn