The National Bank of Moldova released provisional international accounts for Q1 2025 showing a current account deficit of USD 1,020.50 million, a capital account surplus of USD 12.74 million, and net financial account inflows of USD 901.07 million. The current account deficit was 2.3 times larger than in Q1 2024, driven by a wider goods trade deficit alongside smaller surpluses in primary income and the services balance. The secondary income surplus increased by 14.0% but did not offset the deterioration in other components. The current account deficit-to-GDP ratio was -25.8%, up by 14.2 percentage points from Q1 2024. The capital account surplus fell by 21.9% year on year, reflecting a 44.5% drop in net public administration capital inflows to USD 4.56 million, while net private-sector transfer inflows rose 1.3% to USD 8.17 million. Financial account net inflows reflected a USD 679.39 million decline in residents’ external financial assets and a USD 221.68 million increase in residents’ liabilities to non-residents.
National Bank of Moldova 2025-06-30
National Bank of Moldova publishes provisional Q1 2025 balance of payments with current account deficit widening to USD 1,020.50 million
The National Bank of Moldova reported a Q1 2025 current account deficit of USD 1,020.50 million, a capital account surplus of USD 12.74 million, and net financial account inflows of USD 901.07 million. The current account deficit was 2.3 times larger than Q1 2024, with a deficit-to-GDP ratio of -25.8%. The capital account surplus decreased by 21.9% year on year, while financial account net inflows were due to a decline in residents’ external financial assets and an increase in liabilities to non-residents.