Moldova is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Moldova may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Moldova exports around $2.4 billion and imports roughly $5.49 billion. 4.3% of population in the country are unemployed. The total number of unemployed people in Moldova is 173,766. In Moldova, 9.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Moldova is low, indicating that it has a stable economy. Investors should consider Moldova to be a safe location for investments and other financial ventures. Government expenditure on education is 9.6% of GDP. The Gini Index of the country is 33. Moldova is experiencing good equality. The majority of citizens in Moldova fall within a narrow range of income, although some cases may show significant differences. Moldova has a Human Development Index (HDI) of 0.663. Moldova has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Moldova is 1.942. Due to strong law enforcement presence and high social responsibility, Moldova is very safe by international standards. The strength of legal rights index for Moldova is 8. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.
Currency
The currency of Moldova is Moldovan leu. The plural form of the word Moldovan leu is lei. The symbol used for this currency is L, and it is abbreviated as MDL. The Moldovan leu is divided into Ban; there are 100 in one leu.
Credit rating
The depth of credit information index for Moldova is 6, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the Moody's credit-rating agency, Moldova has a credit rating score of B3, and the prospects of this rating are stable.
Central bank
In Moldova, the institution that manages the state's currency, money supply, and interest rates is called National Bank of Moldova. Locally, the central bank of Moldova is called Banca Naţională a Moldovei. The average deposit interest rate offered by local banks in Moldova is 5.7%.
Public debt
Moldova has a government debt of 92.6% of the country's Gross Domestic Product (GDP), as assessed in 2010.
Tax information
The corporate tax in Moldova is set at 12%. Personal income tax ranges from 7% to 18%, depending on your specific situation and income level. VAT in Moldova is 20%.
Finances
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Moldova is $17780 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Moldova was last recorded at $4 million. PPP in Moldova is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Moldova is 7,970 billion. Based on this statistic, Moldova is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Moldova was last recorded at $2 million. The average citizen in Moldova has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Moldova averaged 1.8% in 2014. According to this percentage, Moldova is currently experiencing modest growth.
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