OREANDA-NEWS. January 11, 2012. Moldova's economy was on the rise in 2011, which was mainly due to higher consumption. The sectors of foreign and domestic trade, industry, investments and transport recorded the highest pace of increase, according to data for January-November 2011 provided by the Economics Ministry.

The Economics Ministry's information and media communication service has said that the Gross Domestic Product (GDP) increased moderately. Thus, in the first nine months of 2011, the GDP amounted to 60.5 billion lei, up by 6.7 per cent against the same period of 2010. The gross value added created in industry grew by 10.3 per cent, the net taxes on goods rose by 8.6 per cent, the construction sector by 7.1 per cent, and the wholesale and retail trade by 14.4 per cent. The GDP's rise was triggered, in general, by the restoration of the foreign demand for industrial goods made in Moldova and the domestic one of the final consumption.

In January-October 2011, the exports increased by 51.6 per cent and the imports by 38.3 per cent against the first 10 months of the year before.

At the same time, the industrial output went up by 9.4 per cent against January-October 2010. This increase was prompted by an 11.4-per-cent rise in the processing industry and a 15.9-per-cent rise in the extractive industry.

In the first nine months of 2011, the agricultural production in all the categories of farms, with a nominal value of 15.6 billion lei, grew by 3.7 per cent against January-September 2010. The increase in the farming production was determined by a rise in the vegetal and animal goods by 4.4 and 2.3 per cent respectively.

The investments in long-term material assets stood at 8 billion lei in January-September 2011, increasing by 11.3 per cent against the same period of 2010.

In October 2011, the average monthly salary amounted to 3,161 lei, by 10.4 per cent more against the same month of 2010.