OREANDA-NEWS. March 18, 2010. Moldova’s GDP in 2009 amounted to 60 billion 043 million leis (USD4.8 billion) in current market prices, registering (in comparable prices) the 6.5% slump against the year of 2008. The gross added value in the economy reduced by 6.4% in comparison with 2008, affecting the index of the physical volume of the gross domestic product (-5.3%).

The gross added value created in the goods production sector decreased by 16.1% in comparison with that in 2008 as a result of the considerable slump in the gross added value in industry (-19.4%), and in agriculture, hunting, forestry, fishing industry and pisciculture (-10.9%). The gross added value of the services sector declined by 3.6% in comparison with the previous year.

The volume of the gross added value in construction reduced considerably (-27.6%), as well as in transport and communication (-7%) and wholesale and retail trade (-2.3%), while the gross added value in the field of other services exceeded the previous year’s level by 1%. The contribution of the gross added value of the services sector in formation of the gross domestic product over the reporting period increased by 2.5 percentage points while its impact on the real growth of the country’s GDP decreased from 2% in 2008 to 2.2% in 2009.

The national public budget’s receipt of the taxes on products and import reduced by 8.6% compared to the previous year affecting (-1.6%) the index of the physical volume of the gross domestic product. Reductions were also registered with the elements of use of the GDP. The volume of domestic demand (final consumption and gross accumulation of capital) decreased by 14% in comparison with 2008 mostly due to the decrease by 31.3% of the gross accumulation of the fixed capital. Final consumption reduced by 6% in comparison with the previous year.

The reduction was due to the decrease in the final consumption of households – by 7.9%. Export and import of goods and services reduced in 2009 respectively by 7.8% and 19.3% in comparison with the previous year. The Moldovan government predicted the 8% GDP reduction in 2009. The International Monetary Fund forecasted slump in Moldova’s GDP in 2009 by 9%, the European Bank – on the level of 6.7% after the growth of Moldova’s GDP by 7.2% in 2008.