OREANDA-NEWS. March 20, 2014. Expressed in current market prices, GDP of Moldova was MDL 99 billion 879 million (over USD7.4 billion). The gross value added of the commodity sector increased 22.1% in the reporting period. Its share in GDP was 26%, its contribution to the GDP growth making 5.5%.

The considerable increase in the gross value added was reported in agriculture, hunting, forestry, fish breeding and fishing, making 12.2% of GDP and contributing 4.5% to its growth. In particular, in Q4 2013 the gross value added in these fields was 52.2% bigger than in Q4 2012, its GDP share making 12.9% and its GDP contribution being 6.8%. The gross value added in the industrial sector increased 7.4% year-on-year, its GDP share making 13.8%, its contribution in GDP being 1%.

The gross value added created in the service sector increased 4% as compared with the past year and contributed 2.5% to GDP quantum index. Its share in GDP amounted to 58.9% in the reporting period. Te increase was formed by the bigger gross value added in the retail and wholesale and in the construction, transportation and communications by 7.3%, 5.1% and 3.8% respectively. The food incomes to the state budget were 5.7% more than in 2012, contributing to the GDP quantum index 1% and making 17.2% in GDP. Final consumption increased 5.2% and contributed to GDP 6.2%.

The increase was formed by the 6.5% bigger final household consumption. Gross fixed capital formation increased 3.3% year-on-year, making 22.6% of GDP and contributing 0.8% to its quantum index. Visible and invisible foreign trade increased 10.7% and 5.5% respectively. The government of Moldova expects GDP to grow 4% in 2014.