Moldova Investment Climate
Moldova's economy is doing well in light of recent external shocks. Following the Russian embargo on Moldovan wine exports in 2006, exporters found other markets in 2007, and a better-than-expected deal for natural gas deliveries was struck with Russia. GDP has grown steadily over the past eight years, seeing 3% growth in 2007. FDI has also increased totaling 10% of GDP in 2007, compared to 7% in 2006. Moldova continued to harmonize its laws with those of its close neighbors in the EU, and is noted for its democratic local general elections in 2007.
| Indicators | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | F2007 |
|---|---|---|---|---|---|---|---|
| Real GDP Growth, % | 6.1 | 7.8 | 6.6 | 7.4 | 7.5 | 4.0 | 3.0 |
| Average Inflation, % | 9.8 | 5.3 | 11.7 | 12.5 | 11.9 | 12.7 | 12.6 |
| Exchange Rate, USD | 12.4 | 12.9 | 13.6 | 13.9 | 12.3 | 12.6 | 13.1 |
| Current Account Balance, % of GDP | -1.7 | -4.0 | -6.6 | -2.3 | -10.3 | -12.0 | -15.8 |
| Foreign Debt Stock (USD billions) | 1.3 | 1.4 | 1.5 | 1.4 | 1.4 | 1.7 | 2.3 |
| FDI (USD billions, net) | 103 | 84 | 74 | 151 | 197 | 242 | 459 |
| Sources: The World Bank, EBRD, IMF |
| Moldova Investment Climate, 2006 |
| Moldova Investment Climate, 2005 |