The National Bank of Moldova has published preliminary balance of payments data for the first quarter of 2026 showing a current account deficit of EUR 806.2 million, down 17.1% from the same period of 2025. The capital account recorded net inflows of EUR 7.2 million, while the financial account posted net inflows of financial resources of EUR 641.7 million. The narrower current account deficit reflected a smaller deficit in trade in goods and larger surpluses in services and primary income, partly offset by a lower surplus in secondary income. The current account deficit-to-GDP ratio was 20.9%, which was 5 percentage points lower than in the first quarter of 2025. The capital account balance fell 17.1% year on year as capital outflows rose 24.0% to EUR 15.5 million and capital inflows increased 7.2% to EUR 22.7 million. Government inflows increased 33.6% to EUR 5.8 million, while private sector inflows edged up 0.1% to EUR 16.8 million. Financial account net inflows were driven by residents' net reduction of external financial assets by EUR 264.2 million and a net increase in liabilities to nonresidents of EUR 377.5 million.
National Bank of Moldova2026-06-30
National Bank of Moldova reports first quarter current account deficit narrowed to EUR 806.2 million
The National Bank of Moldova's preliminary first quarter 2026 balance of payments data show the current account deficit narrowed 17.1% year on year to EUR 806.2 million. The capital account recorded net inflows of EUR 7.2 million and the financial account posted net inflows of EUR 641.7 million. The improvement in the current account mainly reflected a smaller goods trade deficit and stronger services and primary income balances.