OREANDA-NEWS. September 25, 2013. This was announced by the Deputy Prime Minister, the Minister of Economy of Moldova at the press conference.

Valeriu Lazar noted that in 2013 the increase was registered in almost all sectors of the economy and there are all prerequisites to ensure that this growth will continue in 2014.

The Minister stressed that the main goal of the authorities is to maintain the pace of economic expansion. As it was informed before, GDP growth of Moldova in I half of 2013 made 4.9 %. According to the National Bureau of Statistics, GDP in the nominal terms amounted to 43 billion 376 million lei. In II quarter of 2013 GDP totaled 23 billion 703 million lei, exceeding the level of the same period of the last year by 6.1 %.

In January-June 2013, the gross value added in the commodity sector increased by 6.1 % compared to the same period of 2013, positively affecting (+1.3 %) the dynamics of GDP. Gross value added in agriculture, hunting, forestry, fishing, fish farming and industry has exceeded the level of the same period of the last year by 3.4 % and 7.4 %, respectively. The contribution of the commodity sector to GDP made 21.3%. Gross value added in the sector of services has increased by 3.5 %, affecting the GDP growth by 2.3%.

The most significant growth in gross value added was registered in the wholesale and retail trade (+5.9 %), followed by transport and communications (3.7 %), construction (+3.6 %) and other services (+2.5%). The considerable growth was also registered in other social and personal services, including provision of services in households ( 11.5 %), real estate , renting and business services ( +6.2 %) , hotels and restaurant services ( 5.5 %). A slight increase was registered in financial intermediation (+0.7%), health and social services (+0.6 %) and public administration (0.4%).

The decrease in gross value added was registered in education (-2.8 %). Contribution of the gross value added of the sector of services to GDP amounted to 63.1 %. Income from taxes on products increased by 5.9 % compared with corresponding period of the last year and had a positive impact (+1.0 %) on the dynamics of GDP. The share of taxes on products in GDP was 17.8 %. Final consumption has increased by 4.5 %, positively affecting the GDP growth (+5.4 %).

The growth of final consumption was due to the increased consumption in households by 5.8 %. Gross fixed capital formation grew by 4.5 %, amounting to 22.6 % of GDP. Exports and imports of goods and services increased by 5.1 % and 5.4 % compared to the same period of the last year. It should be noted that following 2012, recession of Moldova's GDP was 0.8 % mainly due to a severe drought. Moldova's GDP growth in I quarter of 2013 made 3.5 %. The government of Moldova and IMF forecast that in 2013 country’s’ GDP will grow by at least 4 %.