The National Bank of Moldova released preliminary 2024 balance of payments, international investment position and external debt data, showing a current account deficit of USD 2,917.00m, up 54.1% from 2023 and equal to 16.0% of GDP. The capital account recorded net inflows of USD 81.84m, implying a net external financing need of USD 2,835.16m (15.6% of GDP), while the financial account showed net inflows of USD 2,824.01m. At end-2024, the net international investment position stood at USD -5,588.30m (30.7% of GDP) and gross external debt totalled USD 10,213.33m (56.1% of GDP). The wider current account deficit was driven by a larger goods trade deficit and smaller surpluses on primary and secondary income, while the services surplus rose slightly. The goods deficit reached USD 5,619.92m, up 15.4%, as exports fell 12.0% to USD 3,013.52m and imports rose 4.1% to USD 8,633.44m, with particularly large export declines in mineral products and agro-food. The services balance posted a USD 918.80m surplus, up 2.7%, supported by growth in travel and IT service exports. The primary income surplus dropped 40.8% to USD 157.93m amid higher reinvested earnings and dividends paid to direct investors, and the secondary income surplus declined 10.4% to USD 1,626.19m, with personal transfers received down 8.3% to USD 1,029.78m and total personal remittances down 4.5% to USD 1,858.22m. The release also reports official reserve assets of USD 5,483.57m at end-2024, covering 6.3 months of imports and exceeding multiple reserve adequacy benchmarks cited by the central bank. Additional analytical material and interactive statistical series for the balance of payments, international investment position and gross external debt are provided alongside the publication.

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