Moldova's GDP in 2018, according to preliminary data, amounted to 190 billion lei and grew by 4%, compared with 2017

Moldova's GDP in 2018, according to preliminary data, amounted to 190 billion lei and grew by 4%, compared with 2017

This was reported by the National Bureau of Statistics, noting that at the same time, the gross domestic product for the IV quarter of 2018 amounted to 50 billion 871 million lei and increased in real terms, compared with the IV quarter of 2017, according to the initial data, by 3.9%. Taking into account seasonal adjustments, GDP growth in the fourth quarter of 2018, compared to the same period of the previous year, was 3.8%, and compared to the third quarter of 2018 - 1.1%. As noted by the NBS, in general, GDP growth in 2018, compared with 2017, contributed to almost all sectors of the economy, but the most significant contributions were made by the following economic activities: wholesale and retail trade; maintenance and repair of motor vehicles and motorcycles; transportation and storage; accommodation and catering activities (+ 1.2%), whose gross value added (GVA) increased by 5.7% and contributed 21% to GDP; construction (+ 1.1%), with a lower share in GDP formation (+ 7.9%), but with a significant increase in GVA - by 16%; mining and manufacturing; production and provision of electricity and heat, gas and hot water; air conditioning; water supply; cleaning and treatment of waste and restoration work (+ 0.7%), whose GVA increased by 4.3%, and its contribution to the formation of GDP was 15.1%; agriculture, forestry and fisheries (+ 0.2%), whose GVA increased by 1.9%, and its contribution to the formation of GDP was 10.2%; information services and communications (+ 0.2%), whose GVA increased by 4.3%, while its contribution to the formation of GDP was 4.8%. Taxes on products increased, as compared with the previous year, by 1.4%, their impact on growth and GDP formation was, respectively, 0.2% and 13.7%. At the same time, the state administration and defense had a negative impact on the volume index of GDP; compulsory social insurance; education; healthcare and social services (-0.1%), as a result of a decrease in GVA by 0.6%. As noted by the NBS, in terms of the use of GDP, its growth in 2018 was due mainly to: final consumption of households (+ 3.2%), the volume of which increased by 3.8%, and the proportion in GDP amounted to 84.3%; gross fixed capital formation (+ 3.1%), with a smaller contribution to GDP (24.3%), but with a significant increase in its volume by 14%. Net exports (3.4%) had a negative impact on the physical volume index of GDP, as a result of a significant predominance of the share of imports of goods and services (56.3%) over the share of exports of goods and services (30.4%) in the formation of GDP, as well as exceeding the growth of imports of goods and services (+ 8.9%) compared with the growth of exports of goods and services (+ 4.8%).// 15.03.2019 — InfoMarket.

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