Moldovan GDP Grew by 1.6%, January-March 2011
OREANDA-NEWS. June 16, 2011. The gross added value created in the goods production sector exceeded the level of the same period last year by 8.2%, having a positive impact on the growth (1.6%) of the country’s GDP, according to data of the National Statistics Office. The contribution of the goods sector in the GDP formation in 2010 constituted 25.2% against 21.8% in 2009. In agriculture, forestry, fishing industry, pisciculture and industry the gross valued added grew, respectively, by 6.4% and 8.8%, influencing the GDP growth by 0.3% and 1.3%. The contribution of the goods sector in GDP formation amounted to 18.9 percent against 19.2 percent in January-March 2010.
The gross value added created in the services sector grew 6.7% compared to the same period of 2010, influencing the GDP growth by 4.5%. The growth resulted mostly from the significant increase (by 19.5%) in the gross added value in retail and wholesale. The contribution of the gross added value of the services sector in GDP formation in January-March this year constituted 66.3% against 67.1% in the same period of 2010. The national public budget receipts from taxes on products grew 18.1% against the same period last year, resulting in the 3% growth of the country’s GDP. The share of taxes on products in the GDP accounted for 17.7% against 16.5% in January-March 2010. Final consumption grew 9.7% compared to the respective period of the last year, having a positive impact on the GDP growth (12.2%).
The increase in final consumption resulted from the 11.9% growth of households’ final consumption. Gross accumulation of the fixed capital went up 24.9%, making up 12.4% of the GDP against 11.1% in the same period last year. In the reporting period, 89.3% of the total volume of internal demand (final consumption and gross accumulation of capital) account for final consumption and 10.7% - accumulation against 90.7% and 9.3% in January-March 2010.
In real terms, the volume of home demand exceeded the level of the same period last year by 11.8%. Export and import of goods and services increased by 31.5% and 25.9%, respectively, against January-March 2010.
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