The National Bank of Moldova published provisional balance of payments statistics for the second quarter of 2025, reporting a current account deficit of USD 1,005.91 million, net capital account inflows of USD 0.90 million and net financial account inflows of USD 965.33 million. The current account deficit widened by 41.6% compared with the second quarter of 2024 and equalled 21.1% of GDP, 4.4 percentage points higher year on year. The deterioration was driven by a substantial increase in the goods trade deficit, alongside a weaker primary income balance and a smaller surplus on services, while the higher secondary income surplus was insufficient to offset these effects. Capital account inflows fell from USD 16.08 million a year earlier as private sector net capital outflows tripled to USD 26.82 million and public administration net inflows declined by 40.9% to USD 5.17 million. Financial account inflows reflected a net reduction in residents’ external financial assets of USD 609.07 million and a net increase in residents’ liabilities to non-residents of USD 356.26 million. The release is accompanied by tables, charts and annexes and links to the central bank’s interactive database and full analytical note on international accounts for the quarter.
National Bank of Moldova 2025-10-02
National Bank of Moldova publishes provisional Q2 2025 balance of payments with USD 1,005.91 million current account deficit
The National Bank of Moldova reported a Q2 2025 current account deficit of USD 1,005.91 million, a 41.6% increase from the previous year, equating to 21.1% of GDP. The deficit was driven by a larger goods trade deficit, weaker primary income balance, and reduced services surplus, despite a higher secondary income surplus. Capital account inflows decreased significantly, while financial account inflows were influenced by reduced residents' external financial assets and increased liabilities to non-residents.