National Bank of Moldova publishes provisional Q3 2025 balance of payments, international investment position and external debt data

The National Bank of Moldova released provisional international accounts statistics for the third quarter of 2025, reporting a current account deficit of USD 867.12 million, a capital account net inflow of USD 19.73 million, and a financial account net inflow of USD 947.18 million. As of 30 September 2025, Moldova’s international investment position stood at minus USD 7,496.25 million and gross external debt totalled USD 11,600.42 million. The current account deficit was 1.7% smaller than in Q3 2024, as larger surpluses in secondary income and services offset wider deficits in goods trade and primary income; the current account deficit-to-GDP ratio was minus 14.3% (down 2.6 percentage points year on year). The capital account balance fell 5.3% year on year as capital outflows more than doubled to USD 18.80 million, while capital inflows rose 35.5% to USD 38.53 million, including USD 25.93 million for the private sector and USD 12.60 million for public administration. The financial account net inflow reflected a net reduction in residents’ external financial assets of USD 603.00 million alongside a net increase in residents’ liabilities to non-residents of USD 344.19 million. Net debtor international investment position increased by 23.4% versus end-2024 and equalled minus 38.1% of GDP (up 4.7 percentage points), with external assets of USD 8,451.71 million (up 7.5%) and external liabilities of USD 15,947.97 million (up 14.4%). Gross external debt rose 12.4% versus end-2024 to 58.9% of GDP, comprising public external debt of USD 4,867.71 million (42.0% of the total) and private external debt of USD 6,732.71 million (58.0% of the total).