Moldova Information

Moldova information offer an insight into its different economic aspects.

Moldovan sectoral growth:

Agriculture: Apart from producing food crops for domestic consumption, the agricultural sector in Moldova is famous for producing some of the best quality wines and other liqueurs from the large vineyards present in the country. The extensive agricultural activities have led to the growth and development of food processing units in the country.

About 40% of Moldova GDP comes from its diverse farming activities.

Industries: The chief industrial activities in Moldova include:

Textiles

Footwear
Processing of metals
Machinery production
Processed foods and drinks
Preparation of tobacco-related items
Furniture
Processing of vegetable and fruit products
Extraction of oil from vegetables

The Moldova industrial sector accounts for 23.9% of the GDP growth.

In 2003, the growth rate of Moldova industrial output was 17%.

Foreign trade: International trade plays a vital role in furthering the economic activities of the nation. In fact, a major part of the Moldova income comes from the export of commodities like:

Wine - 24%
Clothing - 16%
Tobacco - 6.5%
Glasswork - 5.7%
Meat products - 5.4%

In 2005, the country made exports worth $1.04 billion f.o.b.

In 2004, Moldova's export volumes and partners were:

Soviet Russia - 35.8%
Italy - 13.9%
Romania - 10%
Germany - 7.3%
Ukraine - 6.6%
Belarus - 6%
United States - 4.6%

In 2000, the goods imported by Moldova included:

Fuels - 32.4%
Industrial products - 28.2%
Consumer goods - 17.6%
Machinery - 13.0%
Food - 5.9%
Transportation - 2.7%
Other items - 0.2%

Imports made by this Russian nation in 2004 was worth $1.83 billion f.o.b.

The 2004 import partners of Moldova were:

Ukraine - 24.6%
Russia - 12.2%

Other facts about the Moldova economy:

GDP from service sectors (2005): 55.6%
Rate of Inflation (2005): 12%
Population below poverty line (2001): 80%
Total unemployment rate - 8%
External debt (2005) - $1.926 billion