Source: world bank Nominal/PPP
Summary:
Moldova GDP expanded from 1990 to 2024, increasing from $3.59 billion to $18.20 billion.The compound annual growth rate (CAGR) averaged 4.89% over the period. The economy recorded its peak level in 2024 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 67.41%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Moldova Economic Phases (1990–2024)
Between 1990 to 2024, Moldova experienced the following economic phases:
- Crisis (1991–1992) indicating severe economic downturn
- Crisis (1998–1999) indicating severe economic downturn
- High Growth (2000–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 2008 with an increase of 37.573%, while the largest decline was in 1999 at -31.078%.