The Gross Domestic Product in Moldova in the first quarter of 2015 was 24.423 billion lei in current market prices, an increase of 4.8% on the first quarter of 2014. By seasonal adjustment, the GDP rose by 0.7% on the fourth quarter of 2014 and by 4.7% on the first quarter of 2014, IPN reports, quoting the National Bureau of Statistics.

The gross value added in the economy in January – March this year increased by 5.2% compared with the corresponding period last year. Practically all the sectors of the economy contributed to the growth of the GDP, mainly the insurance sectors (+2.1%), the extractive industry and processing industry (+1.1%), transport, hotels and restaurants (+0.7%).

The gross value added in agriculture, forestry, fish breeding and constructions grew by 4.4% and 6.2% respectively.  The public administration and defense influenced negatively (-0.2%) the physical volume of the GDP, determining a 1.3% decrease in the gross value added.

The final consumption of households rose by 0.7% and contributed 0.6% to the GDP growth.

The net exports also contributed to the GDP growth (+2.1%) following the 6.3% increase in the exports of goods and services amid the 1.1% growth in the imports of goods and services. The balance of payments remains yet negative.