Moldovan GDP Increases by 8% in Jan-Sep
OREANDA-NEWS. December 18, 2013. This was reported by the National Bureau of Statistics, noting that in the III quarter of 2013 GDP amounted to 29 billion 936 million lei, increasing by 12.9% compared with the third quarter of 2012.
The gross added value created in the sector of goods, increased in the period by 19.5% compared with the same period of the previous year, with share of 25.8% in GDP, and positively influencing GDP dynamics by 4,7%. Gross value added has significantly increased (36%) in agriculture, hunting, forestry; fishing, fish farming compared with January-September 2012, amounting to 11,9% in GDP and positively influencing GDP dynamics by 3,7%.
In III quarter of 2013 gross value added in agriculture, hunting, forestry; fishing and fish-breeding exceeded the level of the third quarter of 2012 by 59.8%, making 19.5% in GDP and positively affecting its dynamics by 9%. Gross value added in industry increased in comparison with January-September 2012 by 7.5%, positively affecting the dynamics of GDP by 1%. Gross added value created in the sector of services increased as compared with January-September 2012 by 3.8%, reaching 59.5% in GDP and affecting GDP growth by 2.3%. Most significant increase in gross value added was registered in the wholesale and retail trade; repair of motor vehicles (+6,3%), the share of which in GDP reached 13,7%, and the degree of influence on the GDP growth made +0.9%, in transport and communications (+5,1%; 10,4%; +0,5%, respectively), in construction (+3,1%; 3,9%; +0,1%) and in the sector of other services (+2,4%; 31,5%;+ 0,8%).
Allocations to the national public budget from the taxes on products increased by 5.5% compared with corresponding period of the previous year, the share of which in GDP reached 16.8%, and the degree of influence on GDP growth made +0.9%. For 9 months of this year, the final consumption increased in comparison with January-September 2012 by 5.6%. Growth of final consumption is due to the increase in final consumption of households by 7.0%. Gross fixed capital formation increased by 3.2% compared with January-September 2012, amounting to 22.5% in GDP. Exports and imports of goods and services increased by 8.6% and 5.3% compared with corresponding period of the last year.
As it was informed before, the Ministry of Economy raised its forecast of GDP’s growth of Moldova in 2013 from 4% to 5.5%, whereas in 2014 the predicted economic growth will make 4%. The Vice Premier, the Minister of Economy Valeriu Lazar noted that in 2013 GDP will amount to 97.6 billion lei and in 2014 – to 106.1 billion lei, respectively. In the first half of this year, GDP increased by 4.9%.