The National Bank of Moldova published preliminary balance of payments and international accounts data for the fourth quarter of 2024, reporting a current account deficit of USD 884.27 million, a capital account net inflow of USD 28.27 million, and a financial account net inflow of USD 988.97 million. The current account deficit increased by 92.5% from the same quarter of 2023 and amounted to 18.1% of GDP, up 8.2 percentage points year on year. The wider current account deficit was driven by a larger deficit in trade in goods alongside smaller surpluses in primary income, secondary income and trade in services. The capital account surplus rose by 60.4% year on year, reflecting higher net transfers in the private sector, which increased 1.8 times to USD 12.03 million, a 48.4% increase in net capital inflows to public administration to USD 16.24 million, and an 8.4% decline in outflows to USD 8.23 million. Net financial account inflows were attributed to a USD 486.56 million reduction in residents’ external financial assets alongside a USD 502.41 million increase in residents’ liabilities to non-residents.
National Bank of Moldova 2025-03-31
National Bank of Moldova releases preliminary Q4 2024 international accounts showing USD 884.27 million current account deficit
The National Bank of Moldova reported a Q4 2024 current account deficit of USD 884.27 million, up 92.5% year-on-year, equating to 18.1% of GDP. The deficit was driven by a larger trade in goods deficit and smaller surpluses in other areas, while the capital account saw a 60.4% increase in net inflows. Financial account net inflows were due to a reduction in residents' external financial assets and an increase in liabilities to non-residents.