GDP has increased by over 3%

The Gross Domestic Product (GDP) of Moldova in the first nine months of this year was 35.13 billion lei, a 3.3% increase year on year. According to the National Bureau of Statistics, production totalled 75.5 billion lei (+3.9%), while intermediary consumption 46.5 billion lei (+6.3%). The gross value added rose to 28.9 billion lei (+0.2%). The rising necessities of the economy with the population’s purchasing power developing and the increase in the prices of certain imported energy resources have led to an essential rise (20.9%) in imports and, consequently, in the net taxes on products and imports, up to 6.15 billion lei (+20.9%). The final consumption of the population rose by 3.3% to 32.7 billion lei, while the final consumption of the public and private administrations increased by 3.4%, up to 6.9 billion lei. The gross capital formation was 12.5 billion lei, a 26.8% compared with the corresponding period last year. The imports and exports grew at the same rate, of 19.7%. The negative balance of net exports was about 17.05 billion lei. GDP is defined as a macroeconomic measure of the value of all the goods and services newly produced in an economy during a specified period of time.