Moldova: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Moldova |
Trade balance as percent of GDP |
|---|---|
| Latest value | -24.05 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1995 - 2023 |
| Average | -29.12 |
| Min - Max | -52.78 - -7.76 |
| Source | The World Bank |
The latest value from 2023 is -24.05 percent, an increase from -28.25 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Moldova from 1995 to 2023 is -29.12 percent. The minimum value, -52.78 percent, was reached in 2008 while the maximum of -7.76 percent was recorded in 1995.
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* indicates monthly or quarterly data series
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The trade balance for Moldova and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 107.97 | 2021 | percent |
| Trade openness | 95.13 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 35.54 | 2023 | percent |
| Exports, billion dollars | 5.88 | 2023 | billion U.S. dollars |
| Growth of exports | 5.19 | 2023 | percent |
| Imports, percent of GDP | 59.59 | 2023 | percent |
| Imports, billion dollars | 9.86 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.52 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.59 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -1.28 | 2023 | million dollars (current) |
| Current account, percent of GDP | -15.80 | 2022 | percent |
| Current account, in dollars | -1.97 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -24.05 | 2023 | percent |
| Trade balance, in dollars | -4.00 | 2023 | billion U.S. dollars |
| Reserves | 5.45 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 12.27 | 2023 | percent |
| Remittances | 2,030.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 54.34 | 2023 | million USD |
| External debt | 66.74 | 2022 | percent |
| Short-term external debt | 25.18 | 2022 | percent |
| Short-term debt to reserves | 54.71 | 2022 | percent |
| Foreign exchange reserves | 5.61 | 10/2024 | billion |