Moldova's GDP in January-September 2021 amounted to 174.1 billion lei, an increase of 10.3% compared to the same period in 2020.
This was reported by the National Bureau of Statistics, noting that such dynamics was recorded against the background of a decrease in the indicator under consideration for the same period in 2020, compared to January-September 2019, by 8.2%. According to the NBS, in particular, the gross domestic product for the III quarter of 2021 amounted to 69.8 billion lei at current (market) prices. Compared to the third quarter of 2020, GDP increased in real terms by 8.3% and by 10.4%, taking into account seasonal adjustments, against the background of a decrease in the indicator under consideration in the third quarter of 2020 compared to the third quarter of 2019, by 9.7% in real terms. As noted in the NBS, the largest contribution to GDP growth in Moldova for 9 months in 2021 contributed the following types of economic activities: Wholesale and retail trade; maintenance and repair of motor vehicles and motorcycles; transport and storage; accommodation and catering (+ 1.5%) with a 19.6% share in the formation of GDP and an increase in gross value added (GVA) by 7.6%; Public administration and defense; compulsory social insurance; education; health care and social assistance (contributed to the growth of GDP by 1.5%) with a share of 12.8% in the formation of GDP and an increase in GVA for the corresponding types of activity by 12.1%; Agriculture, forestry and fisheries (contributed to GDP growth by 1.3%) with a share of 9.5% in GDP and an increase in GVA by 14.3%; 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 (+ 1.3%), the GVA of which increased by 9.8%, and the contribution to the formation of GDP amounted to 13.4%; Information and communication (+ 0.6%) with a 5.3% share in the formation of GDP and an increase in GVA for the relevant activities by 11.9%; Construction (+ 0.5% contribution to GDP change) with a 9.9% share in GDP formation and an increase in GVA by 5.3%; Real estate operations (+ 0.2%) with a share of 6.6% in the formation of GDP and an increase in GVA for related activities by 2.7%; Financial activities and insurance (+ 0.1%) with a share of 3.9% in the formation of GDP and an increase in GVA for these types of activities by 3.2%. Net taxes on products with a share of 14.2% in GDP contributed to GDP growth by 3.1%, and their volume increased by 25%. In terms of use, GDP growth was facilitated by: Final consumption of households (contribution to GDP growth of 9%), which increased by 11.5%; Gross fixed capital formation (+ 2.1%), which increased by 7.9%; Final consumption of government bodies and non-profit organizations serving households (+ 2%), the volume of which increased by 11.5%. Herewith, net exports of goods and services made a negative contribution to the index of the physical volume of GDP, the contribution to the change in GDP was 9.3%, which is a consequence of a more pronounced increase in the physical volume of imports of goods and services (+ 23.1%, compared to with the export of goods and services (+ 6.5%). // 15.12.2021 — InfoMarket
