The National Bank of Moldova published provisional balance of payments, international investment position and gross external debt statistics for Q2 2025. The current account deficit widened to USD 1,005.91 million (21.1% of GDP), the capital account recorded net inflows of USD 0.90 million, and the financial account posted net inflows of USD 965.33 million; as of 30 June 2025 the net international investment position was -USD 7,250.82 million and gross external debt totalled USD 11,408.70 million. The wider current account deficit reflected a larger goods trade deficit (USD 1,730.93 million, up 26.0% year on year) as imports rose 13.7% to USD 2,366.77 million while exports fell 10.1% to USD 635.83 million, alongside a swing in primary income from a USD 42.46 million surplus to a USD 25.83 million deficit and a smaller services surplus (USD 238.84 million, down 3.0%). Secondary income strengthened, with the surplus increasing 36.5% to USD 512.01 million, while personal remittances received declined 1.5% to USD 472.02 million (9.9% of GDP). Net financial inflows were driven by a USD 609.07 million net reduction in residents’ external assets and a USD 356.26 million net increase in liabilities, led by loans (USD 218.33 million) and direct investment (USD 120.56 million); official reserve assets reached USD 5,938.25 million, covering 6.3 months of imports. Over the first half of 2025, gross external debt increased 10.5% to 60.6% of GDP, with public external debt at USD 4,794.34 million and private external debt at USD 6,614.36 million. The release also notes that, from 2024 data onward, transactions with Ukraine are recorded under “other countries” rather than the CIS, and historical series have been adjusted for comparability.
National Bank of Moldova 2025-10-02
National Bank of Moldova publishes provisional Q2 2025 external accounts showing a USD 1,005.91 million current account deficit and USD 11,408.70 million gross external debt
The National Bank of Moldova released provisional Q2 2025 statistics showing a widened current account deficit of USD 1,005.91 million (21.1% of GDP) due to a larger goods trade deficit and a swing in primary income. Net financial inflows were driven by reduced residents’ external assets and increased liabilities, with gross external debt rising to USD 11,408.70 million. Transactions with Ukraine are now recorded under "other countries" instead of the CIS, with historical data adjusted for comparability.