Country Sheet : Moldova

Information file

Last Update on July 3rd 2024

MOLDOVA

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In English - version of July 3rd 2024

Geography

Area : 33,851 km²

Borders : 1,885 km (Ukraine 1,202 km, Romania 683 km)

Capital : Chisinau

Official language : Moldovan

Flag

Population

Population : 3,599,528 (2024 est.)

Crude natural change rate : -1.1‰ (2023 est.)

Population repartition: 14.8% under 15 years old, 15% over 65 years old (2024 est.)

Crude net migration rate: -8.8‰ (2023 est.)

Life expectancy: men 66.1 years, women 74.4 years (2024 est.)

Religions: Orthodox 90.1%, other Christian 2.6%, other 0.1% (2014 est.)

Ethnic groups: Moldovan 75.1%, Romanian 7%, Ukrainian 6.6%, Russian 4.1%, Gagauz 4.6%, Bulgarian 1.9%, other 0.8% (2014 census)

Source : Eurostat, Moldovan National Bureau of Statistics, National Bank of Moldova

Economy

Currency: Moldovan leu (MDL) (exchange rate July 2024: 1€ = 19.23 MDL)

GDP: $ 18 billions (2024)

GDP per capita (PPS): $ 7,490 (2024)

GDP growth : 2.6% (2024)

Inflation: 3.28% (May 2024)

Public debt: 37.3% of GDP (2024)

Unemployment: 3.5% (2024)

Stock of foreign direct investment from the entire world: 143 million $ (March 2023)

Budget balance: -11.5% of GDP (2024)

Source : IMF, World Bank, Moldovan National Bureau of Statistics, National Bank of Moldova

Political system

Republic, parliamentary democracy

Head of State direct elections, for a 4-year term renewable once. Maia Sandu was invested as President on 24th December 2020

Prime Minister Dorin Recean (PAS) and his government (absolute majority) received the confidence of the parliament on 16 February 2023. Elected every 4 years

The Parliament (Parlamentul Republicii Moldova) comprises 101 members elected via direct universal suffrage for a four-year-term with a proportional repartition.

Political representation

Composition of the Parliament (on 27th March)

63 seats Action and Solidarity Party (PAS)
29 seats PAS (Action and Solidarity Party)
5 seats Sor Party
3 non-affiliated
On July 2nd 2014 an Association Agreement was signed between EU and Moldova, which has been in force since September 2014. It includes visa liberalisation and a Deep and Comprehensive Free Trade Area. On June 23rd 2022, the 27 heads of state or government of the European Union unanimously decided to grant Moldova the status of candidate country to the EU. On December 14th 2023, the 27 heads of state or government decided to open accession negotiations with Moldova.