Moldova's economy contracted by 5% in 2022, but ICT, manufacturing, and automotive sectors grew. The economy is shifting from traditional sectors to trade, transportation, storage, and IT, with increased domestic investment and reduced reliance on remittances.
In 2022, Moldova saw a significant rise in foreign direct investment (FDI) to USD 4926 million, a 15% increase from the previous year. This growth highlights strategic investments in finance, energy, manufacturing, trade, and ICT, supported by legislation promoting fair opportunities for all investors.
Moldova offers a cost-effective investment destination with competitive operational expenses. Its average hourly labor cost of 3.9 EUR is notably lower than neighboring countries, complemented by affordable utility rates and commercial rental costs.
In 2022, Moldova's main trading partner was the European Union, with exports totaling USD 2.53 billion (49.3% of total exports), driven by the DCFTA. Imports from the EU rose sharply to EUR 4.36 billion, led by mineral fuels and machinery.
Moldova's workforce of around 890,000 is highly adaptable and multilingual, with strong educational credentials from 90 vocational and 21 higher education institutions. This skilled pool offers compelling advantages for investors seeking growth and innovation in the region.
We use cookies to improve your browsing experience, analyze site traffic, and personalize content. By clicking "Accept All", you agree to the use of cookies.
Cookie Settings
We use different types of cookies to optimize your experience on our website. Click on the categories below to learn more and customize your preferences.
These cookies are essential for the website to function properly. They enable basic features like page navigation and access to secure areas. The website cannot function properly without these cookies.
These cookies help us understand how visitors interact with our website by collecting and reporting information anonymously. This helps us improve our website and user experience.
These cookies are used to deliver personalized advertisements that are relevant to you and your interests. They also help measure the effectiveness of advertising campaigns.
