The data is provided by the National Bureau of Statistics (NBS). This positive trend was driven by export activity and growth in final consumption. Net taxes on products, which fueled first-quarter growth, rose by 2.7%. Exports rose sharply by 10.8%, while imports increased by only 1.0%. Final consumption by households contributed 1.8% to growth, and the public administration sector contributed 1.0%.
At the same time, there was a decline in the gross value added (GVA) of domestic production of goods and services, as well as in gross capital formation. A key indicator of investment in long-term assets fell by 3.9%, becoming the main drag on overall economic activity. Moreover, the GVA generated by many sectors, including construction, the IT sector, and real estate transactions, experienced a significant decline, negatively impacting GDP growth in the first quarter.
Adjusted for seasonal variations, Moldova’s GDP in the first quarter contracted by 1.2% compared to the fourth quarter of 2025 (+3.6%).
Moldova’s GDP growth rates were lower than those recorded in the following countries: Denmark (5.8%), Poland (3.3%), North Macedonia (3.1%), Bulgaria (2.9%), Turkey (2.5%), Estonia (2.4%), Hungary (1.7%), Montenegro (1.5%), the EU average (0.6%), and Germany (0.5%).
At the same time, in Ireland, Romania, and Ukraine, GDP declined by 17.1%, 1.5%, and 0.6%, respectively, during the period under review.
