Moldova's GDP in 2020 amounted to 206.35 billion lei and decreased by 7% compared to 2019.
This was reported by the National Bureau of Statistics, noting that, in particular, in the IV quarter of 2020, the country's gross domestic product amounted to 56 billion 318 million lei at current market prices, and, compared to the IV quarter of 2019, it decreased in real terms by 3.3%, and taking into account seasonal adjustments - by 4.4%. Compared to Q3 2020, Moldova's GDP in Q4 2020 increased by 2.6%, taking into account seasonal adjustments. As noted in the NBS, the following types of economic activities made a more significant contribution to the decline in Moldova's GDP in 2020: Agriculture, forestry and fisheries (contributed to a decrease in GDP by 2.7%), with a share of 9.5% in the formation of GDP and a decrease gross value added (GVA) for the relevant activities by 26.4%; Wholesale and retail trade; maintenance and repair of motor vehicles and motorcycles; transport and storage; accommodation and catering activities (contributed to the decline in GDP by 2.1%), the gross value added (GVA) of which decreased by 9.6%, and the contribution to the formation of GDP was 20.7%; Mining; manufacturing industry; production and supply of electricity and heat, gas, hot water; air conditioning; water supply; cleaning and treatment of waste and recovery work (contributed to a decrease in GDP by 0.6%), the GVA of which decreased by 4.3%, and the contribution to the formation of GDP was 14%; Net taxes on products (contributed to the decline in GDP by 1%), the volume of which decreased by 7.3%, and the share in GDP was 13%. At the same time, a positive contribution to the index of physical volume of GDP by resource categories was made by: Construction (contribution + 0.3% to GDP change) with a share of 9.3% in the formation of GDP and an increase in GVA by 3.7%; Financial activities and insurance (contributed + 0.2% to the change in GDP) with a share of 3.9% in the formation of GDP and an increase in GVA for these activities by 5.7%. From the point of view of the use of GDP, its decline was caused by: a decrease in final consumption, especially final consumption of households, the volume of which decreased by 7%, which contributed to a decrease in GDP by 5.8%; a decrease in gross fixed capital formation, the volume of which decreased by 2.1%, contributing to a decrease in GDP by 0.5%. Herewith, net exports contributed to a 0.1% increase in GDP. // 16.03.2021 — InfoMarket.
