The National Bank of Moldova published provisional balance of payments data for the third quarter of 2025, reporting a current account deficit of USD 867.12 million, net capital account inflows of USD 19.73 million and net financial account inflows of USD 947.18 million. The current account deficit was 1.7% lower than in the third quarter of 2024 and amounted to 14.3% of GDP, down by 2.6 percentage points year on year. The narrowing in the current account deficit was attributed to larger surpluses in secondary income and services, which more than offset wider deficits in goods trade and primary income. Net capital account inflows fell by 5.3% year on year as capital outflows increased 2.5 times to USD 18.80 million, despite a 35.5% rise in capital inflows to USD 38.53 million, including USD 25.93 million from the private sector and USD 12.60 million from public administration. The financial account inflows 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.
National Bank of Moldova 2025-12-31
National Bank of Moldova releases provisional Q3 2025 balance of payments showing USD 867.12 million current account deficit
The National Bank of Moldova reported a Q3 2025 current account deficit of USD 867.12 million, a 1.7% decrease from Q3 2024, amounting to 14.3% of GDP. The deficit reduction was driven by surpluses in secondary income and services, despite wider goods trade and primary income deficits. Net financial account inflows were USD 947.18 million, with a reduction in residents’ external financial assets and an increase in liabilities to non-residents.