The gross external debt of the Republic of Moldova decreased insignificantly in the second quarter of this year, by 0.9%. On June 30, the gross external debt was US$8.687,24 billion, which is 60.9% of the Gross Domestic Product (-3.2 percentage points on December 31, 2021), IPN reports, quoting preliminary data of the National Bank of Moldova.

The long-term debt accounts for the largest part of the gross external debt. This was US$6.173,26 billion on June 30, 2022. The short-term external debt rose by 0.4% in the second quarter to US$2.513,98 billion on June 30.

The external public debt represented 31.2% of the external debt and was US$2.709,60 billion. The private external debt was US$5.977,64 billion.

According to preliminary data, Moldova’s current account deficit of the trade balance in the second quarter of 2022 decreased by 12.3% compared with the corresponding period of 2021 and was US$441.63 million. The ratio of the current account deficit to the GDP was -12.9%, down 2.9 percentage points on the second quarter of 2021.

The development is due to the significant rise in the balance of services and the improvement of the external trade deficit. At the same time, the secondary income balance had a negative impact on the current account deficit (-US$38.57m) as did the primary income balance (-US$16.87m).