Moldova's GDP in January-September 2020 was 150 billion 034 million lei, having decreased by 8.2% versus the same period in 2019.
The National Bureau of Statistics reported this, noting that, in particular, in the third quarter of 2020, Moldova’s gross domestic product amounted to 61 billion 719 million lei in current market prices, having decreased by 9,7% versus the third quarter of the last year in real terms, and taking into account seasonal adjustments - by 11.5%. At the same time, compared to the II quarter of 2020, the GDP in the III quarter of this year decreased by 1.1% seasonally adjusted. As noted by the NBS, the following types of economic activities contributed significantly to Moldova’s GDP decline over 9 months in 2020: wholesale and retail trade; maintenance and repair of motor vehicles and motorcycles; transport and storage; accommodation and catering activities (contributed to 2.4% decrease in GDP), with a share of 20.4% in the formation of GDP and 11.2% decrease in gross value added (GVA) as far as these activities are concerned; agriculture, forestry and fisheries (contributed to 2.1% decline in GDP), the GVA of which decreased by 23.6%, and the contribution to the formation of GDP was 8.7%; mining; manufacturing industry; production and supply of electricity and heat, gas, hot water; air conditioning; water supply; cleaning and waste treatment and restoration work (contributed to 0.9% decrease in GDP), the GVA of which decreased by 6.3%, and the contribution to the formation of GDP was 14%. Net taxes on products, whose share in the formation of GDP was 12.6%, contributed to 1.6% decrease in GDP, their volume declined by 12%. At the same time, a positive contribution to the physical volume index of GDP was made by: construction (+ 0.2%), whose GVA increased by 1.7%, and the contribution to the formation of GDP was 10.6%; financial activities and insurance (contributed + 0.1% to the change in GDP) with a share of 4% in the formation of GDP and 3.1% increase in GVA for these activities. In terms of the use of GDP, its decline was mainly due to: final consumption of households (-7.7% to the decline in GDP), especially final consumption of households, the volume of which decreased by 9%, which contributed to 7.3% decrease in GDP; gross fixed capital formation, the volume of which decreased by 0.8%, which contributed to 0.2% decrease in GDP. Net exports increased the change rate in GDP by 1.3%. // 16.12.2020 - InfoMarket.
