Moldova's GDP grows in 2025, driven by construction, energy, IT, trade sectors

The economy of the Republic of Moldova recorded a modest yet significant growth in the second quarter of 2025. According to the National Bureau of Statistics (NBS), the Gross Domestic Product (GDP) increased by 1.1% in real terms compared to the same period last year. For the first semester of the year, the GDP remained at the same level as the corresponding period in 2024.


“The Gross Value Added (GVA), which represents 86.1% of the GDP, grew by 0.7%, contributing 0.6% to the positive economic trend. The GDP growth was mainly supported by construction (+7.2%), which contributed 0.5% to the GDP advance and holds a 6.5% share in the economy; energy production and supply (+20.0%), which contributed 0.3%; manufacturing (+1.7%), with an influence of 0.1%; trade (+1.0%), information and communication (+1.9%), education (+0.8%), and health and social assistance (+0.9%) each contributed 0.1% to the GDP growth,” explained Oleg Cara, director of the National Bureau of Statistics, at a press conference today.


Net taxes on products, which account for 13.9% of the GDP, had a positive influence of 0.5%, registering a 3.7% increase. On the expenditure side, the growth was driven by gross fixed capital formation (+26.0%), with a 23.7% share of the GDP, contributing 5.2% to the growth, and the final consumption of households (+2.2%), which holds 80.5% of the GDP and contributed 1.8%.

An outstanding element is the growth of service exports (+9.9%), which now represent 55.8% of total exports and have exceeded the value of goods exports by more than a quarter. This sector made a positive contribution of 1.6% to the GDP, mitigating the impact of the trade deficit.

According to the NBS head, there are also sectors that have hindered the economy.


“At the same time, certain sectors had a negative impact. These include real estate transactions (-7.5%), which reduced the GDP by 0.6%, agriculture, forestry, and fishing (-4.4%), which decreased the GDP by 0.2%, and household activities for own consumption, which reduced the GDP by 0.1%. The trade balance also hindered economic expansion. The net export of goods and services had a negative influence of 9.1%, due to a roughly 20% reduction in goods exports and a 12.9% increase in imports,” specified Oleg Cara.


Data from the NBS shows that despite the challenges in agriculture and the real estate sector, the economy of the Republic of Moldova manages to maintain a growth trend, supported by investments, household consumption, and the expansion of service exports. Developments in the next quarter will be crucial for confirming this economic consolidation trajectory.