National Bank of Moldova says country's economy exits stagnation zone, with 5.2 per cent GDP's growth in third quarter of 2025

The economy of Moldova has exited the stagnation zone, recording in the third quarter of 2025 a marked increase of the Gross Domestic Product (GDP) of 5.2 per cent compared to the same period in 2024. The data are included in Inflation Report No. 1, 2026, published by the National Bank of Moldova (BNM) today; the report highlights a phase of consolidating prices’ stability and clear signs of revitalization of the national economy.

According to the document, GDP’s growth was supported by such sectors as agriculture and construction, as well as by an increase in the real incomes of the population, which reflects a strengthening of citizens’ purchasing power.

At the same time, the report notes that the annual inflation rate showed signs of returning to the target corridor at the end of 2025, when a level of 6.84 per cent was recorded in December. In the first month of this year, the inflation rate was 4.85 per cent. According to the BNM, the return of inflation to the target variation range of 5.0% ± 1.5 percentage points provides predictability for the business environment and protects household savings.

“The BNM’s priority is to provide a predictable economic environment that becomes fertile ground for investments. The reduction of the base rate and the release of liquidity into the banking system are clear signals we are sending to investors: Moldova is on the path of stability. We want entrepreneurs to have the courage to launch new projects, benefiting from lower financing costs,” said BNM Governor, Mrs. Anca Dragu.

The first inflation report also notes that the international environment remains marked by geopolitical tensions, but the Moldovan banking system stays solid, with robust liquidity and an increase in deposits in the national currency, reflecting citizens’ growing confidence in the country’s financial stability.