Europe > Moldova > Economy

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Agriculture > products vegetables, fruits, wine, grain, sugar beets, sunflower seed, tobacco; beef, milk
Big Mac Index	$1.84		[50th of 65]
Definition: Economy > Big Mac Index
Source: CIA World Factbook, 28 July 2005
Debt > External	$2,774,000,000.00		[109th of 136]
Definition: Economy > Debt > External
Source: The Economist.
Distribution of family income > Gini index	33.2		[28th of 43]
Definition: Economy > Distribution of family income > Gini index
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economic freedom	1.8		[93rd of 156]
Definition: Economy > Economic freedom
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economy > Overview Moldova remains one of the poorest countries in Europe despite recent progress from its small economic base. It enjoys a favorable climate and good farmland but has no major mineral deposits. As a result, the economy depends heavily on agriculture, featuring fruits, vegetables, wine, and tobacco. Moldova must import almost all of its energy supplies. Moldova's dependence on Russian energy was underscored at the end of 2005, when a Russian-owned electrical station in Moldova's separatist Transnistria region cut off power to Moldova and Russia's Gazprom cut off natural gas in disputes over pricing. Russia's decision to ban Moldovan wine and agricultural products, coupled with its decision to double the price Moldova paid for Russian natural gas, slowed GDP growth in 2006. However, in 2007 growth returned to the 6% level Moldova had achieved in 2000-05, boosted by Russia's partial removal of the bans, solid fixed capital investment, and strong domestic demand driven by remittances from abroad. Economic reforms have been slow because of corruption and strong political forces backing government controls. Nevertheless, the government's primary goal of EU integration has resulted in some market-oriented progress. The granting of EU trade preferences and increased exports to Russia will encourage higher growth rates in 2008, but the agreements are unlikely to serve as a panacea, given the extent to which export success depends on higher quality standards and other factors. The economy remains vulnerable to higher fuel prices, poor agricultural weather, and the skepticism of foreign investors. Also, the presence of an illegal separatist regime in Moldova's Transnistria region continues to be a drag on the Moldovan economy.
Definition: Economy > Economy > Overview
Source: The Heritage Foundation
Exchange rates lei per US dollar - 12.33 (2004), 13.945 (2003), 13.571 (2002), 12.865 (2001), 12.434 (2000)
Definition: Economy > Exchange rates
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Exports	$1,361,000,000.00		[129th of 189]
Definition: Economy > Exports
Source: CIA World Factbook, 28 July 2005
GDP	$3,265,584,000.00		[128th of 203]
Definition: Economy > GDP
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP > PPP	$7,349,000,000.00		[132nd of 163]
Definition: Economy > GDP > PPP
Source: World Development Indicators database and CIA World Factbook
GDP > Real growth rate	3%		[149th of 198]
Definition: Economy > GDP > Real growth rate
Source: World Bank. 2005. World Development Indicators 2005.
GDP growth > annual %	7.1 annual %		[30th of 187]
Definition: Economy > GDP growth > annual %
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GINI index	33.22		[29th of 40]
Definition: Economy > GINI index
Source: World Development Indicators database
Gross National Income	$1,452,660,000.00		[132nd of 172]
Definition: Economy > Gross National Income
Source: World Development Indicators database
Human Development Index	0.671		[116th of 178]
Definition: Economy > Human Development Index
Income category	Low income
Definition: Economy > Income category
Source: Human Development Report 2006, United Nations Development Programme
Population below poverty line	29.5%		[14th of 46]
Definition: Economy > Population below poverty line
Source:
Poverty > Share of all poor people	0.05 % of world's poor		[54th of 80]
Definition: Economy > Poverty > Share of all poor people
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Public debt	23.3 % of GDP		[85th of 121]
Definition: Economy > Public debt
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
Tourist arrivals	21,000		[140th of 152]
Definition: Economy > Tourist arrivals
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008

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