Names: conventional long form: Republic of Moldova conventional short form: Moldova local long form: Republica Moldova local short form: Moldova former: Moldavian Soviet Socialist Republic; Moldovan Soviet Socialist Republic
Capital City: Chisinau (Kishinev)
Population: 4,466,706 (July 2006 est.)
GDP Per Capita: $2,000 (2006 est.)
Currency: Moldovan leu (MDL)
Languages: Moldovan (official, virtually the same as the Romanian language), Russian, Gagauz (a Turkish dialect)
Total Area: total: 33,843 sq km land: 33,371 sq km water: 472 sq km slightly larger than Maryland
Region: Europe
Industries: sugar, vegetable oil, food processing, agricultural machinery; foundry equipment, refrigerators and freezers, washing machines; hosiery, shoes, textiles
Agriculture: vegetables, fruits, wine, grain, sugar beets, sunflower seed, tobacco; beef, milk
Resources: lignite, phosphorites, gypsum, arable land, limestone
Labor Force:
1.339 million (2006 est.)
agriculture: 40% industry: 14% services: 46% (1998)
Exports:
$1.02 billion f.o.b. (2006 est.)
foodstuffs, textiles, machinery
Imports:
$2.65 billion f.o.b. (2006 est.)
mineral products and fuel, machinery and equipment, chemicals, textiles (2000)
Overview:
Moldova remains one of the poorest countries in Europe despite recent progress from its small economic base. It enjoys a favorable climate and good farmland but has no major mineral deposits. As a result, the economy depends heavily on agriculture, featuring fruits, vegetables, wine, and tobacco. Moldova must import almost all of its energy supplies. Moldova's dependence on Russian energy was underscored at the end of 2005, when a Russian-owned electrical station in Moldova's separatist Transnistria region cut off power to Moldova and Russia's Gazprom cut off natural gas to Moldova in disputes over pricing. The economy achieved six percent or more GDP growth every year from 2000-2005, though this was based largely on consumption fueled by remittances received from Moldovans working abroad. Russia's decision to ban Moldovan wine and agricultural products, coupled with its decision to double the price Moldova paid for Russian natural gas, slowed GDP growth in 2006 and greatly exacerbated Moldova's economic troubles. Economic reforms have been slow because of corruption and strong political forces backing government controls; nevertheless, the government's primary goal of EU integration has resulted in some market-oriented progress. The economy remains vulnerable to higher fuel prices, poor agricultural weather, and the skepticism of foreign investors. Also, the presence of an illegal separatist regime in Moldova's Transnistria region continues to be a drag on the Moldovan economy.
In 2007 Missouri exported $29,530 in goods to Moldova. This ranks Moldova 185th among the 223 international buyers of Missouri goods. Missouri exports to Moldova decreased from the previous year by $68,747 a change of -69.95%. State exports to Moldova have decreased over the last 5 years by $3,679,470 a change of -99.20%. Missouri exports account for .00%. of all 2007 US exports to Moldova.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 3,709,000 | 92,200 | 55,216 | 104,124 | 98,277 | 29,530 | |
| 000 - Total All Industries US | 30,659,918 | 25,188,219 | 39,351,579 | 40,174,237 | 30,093,862 | 52,668,339 | |