Moldova in 2014 witnessed an economic growth of 4.6%, IPN reports, quoting the National Bureau of Statistics. The GDP was 111.501 billion lei in current prices, an increase of 4.6% in real terms on 2013.

In the fourth quarter of last year, the GDP rose by 4.2% compared with the corresponding period last year and by 0.1% on the third quarter.

The gross value added in 2014 increased in almost all the sectors of the national economy. In the manufacturing sector, it grew by 7.7% on a year before, positively influencing (+2.0%) the formation of the GDP. The gross value added in agriculture, hunting, forestry, fishing, fish breeding and industry was by 8.2% and, respectively, 7.2% higher than a year before, in the service sector – by 4.2%, in the construction sector – by 10.6%, in retail and wholesale trade – by 6.1%, while in transport and communications – by 3.4.

Final consumption rose by 2.4% on 2013 following the 2.9% increase in the final consumption of domestic households. The gross fixed capital formation exceeded last year’s figures by 10.1%.

The exports and imports of goods and services grew by 1.1% and 0.4% respectively on a year before.

Independent analytical centers forecast that the negative trends of the last few months of 2014, caused mainly by the situation in the region and Russia’s bans on the import of particular Moldovan products, will deepen this year. According to them, the economy would contract by 4% in 2015.