Compare Moldova (2008) - Moldova (2007)

Compare Moldova (2008) z Moldova (2007)

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	Moldova (2008)	Moldova (2007)

Background	Formerly part of Romania, Moldova was incorporated into the Soviet Union at the close of World War II. Although independent from the USSR since 1991, Russian forces have remained on Moldovan territory east of the Dniester River supporting the Slavic majority population, mostly Ukrainians and Russians, who have proclaimed a "Transnistria" republic. One of the poorest nations in Europe, Moldova became the first former Soviet state to elect a Communist as its president in 2001.	Formerly part of Romania, Moldova was incorporated into the Soviet Union at the close of World War II. Although independent from the USSR since 1991, Russian forces have remained on Moldovan territory east of the Dniester River supporting the Slavic majority population, mostly Ukrainians and Russians, who have proclaimed a "Transnistria" republic. The poorest nation in Europe, Moldova became the first former Soviet state to elect a Communist as its president in 2001.
Budget	revenues: $1.764 billion expenditures: $1.771 billion (2007 est.)	revenues: $1.359 billion expenditures: $1.368 billion (2006 est.)
Capital	name: Chisinau (Kishinev) note: pronounced kee-shee-now geographic coordinates: 47 00 N, 28 51 E time difference: UTC+2 (7 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October	name: Chisinau (Kishinev) geographic coordinates: 47 00 N, 28 51 E time difference: UTC+2 (7 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Country name	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	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
Debt - external	$2.774 billion (30 June 2007)	$2.482 billion (2006 est.)
Economy - 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 in disputes over pricing. 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. However, in 2007 growth returned to the 6% level Moldova had achieved in 2000-05, boosted by Russia's partial removal of the bans, solid fixed capital investment, and strong domestic demand driven by remittances from abroad. 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 granting of EU trade preferences and increased exports to Russia will encourage higher growth rates in 2008, but the agreements are unlikely to serve as a panacea, given the extent to which export success depends on higher quality standards and other factors. 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.	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 6% or more GDP growth every year from 2000-05, 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.
Exchange rates	lei per US dollar - 12.177 (2007), 13.131 (2006), 12.6 (2005), 12.33 (2004), 13.945 (2003)	lei per US dollar - 13.131 (2006), 12.6 (2005), 12.33 (2004), 13.945 (2003), 13.571 (2002)
Exports	31.69 bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 18.4% industry: 22.4% services: 59.2% (2007 est.)	agriculture: 21.5% industry: 22% services: 56.5% (2006 est.)
GDP - real growth rate	6% (2007 est.)	4% (2006 est.)
Imports	14,200 bbl/day (2004)	NA bbl/day
Industrial production growth rate	6% (2007 est.)	6.9% (2006 est.)
Inflation rate (consumer prices)	12.5% (2007 est.)	12.7% (2006 est.)
International organization participation	ACCT, BSEC, CE, CEI, CIS, EAEC (observer), EAPC, EBRD, FAO, GCTU, GUAM, IAEA, IBRD, ICAO, ICCt (signatory), IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, MIGA, OIF, OPCW, OSCE, PFP, SECI, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNMIL, UNMIS, UNOCI, UNOMIG, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO	ACCT, BSEC, CE, CEI, CIS, EAEC (observer), EAPC, EBRD, FAO, GCTU, GUAM, IAEA, IBRD, ICAO, ICCt (signatory), IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, ITUC, MIGA, OIF, OPCW, OSCE, PFP, SECI, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO
Labor force	1.333 million (2007 est.)	1.339 million (2006 est.)
Labor force - by occupation	agriculture: 40.7% industry: 12.1% services: 47.2% (2005 est.)	agriculture: 40.7% industry: 12.1% services: 47.2% (2005)
Pipelines	gas 1,980 km (2007)	gas 606 km (2006)
Political parties and leaders	Christian Democratic People's Party or PPCD [Iurie ROSCA]; Communist Party of the Republic of Moldova or PCRM [Vladimir VORONIN]; Democratic Party or PD [Dumitru DIACOV]; Liberal Democratic Party or PLDM [Vladmir FILAT]; National Liberal Party or PNL [Vitalia PAVLICENKO]; Our Moldova Alliance or AMN [Serafim URECHEAN]; Party for Social Democracy or PDSM [Dumitru BRAGHIS]; Social Liberal Party or PSL [Oleg SEREBRIAN]	Christian Democratic People's Party or PPCD [Iurie ROSCA]; Communist Party of the Republic of Moldova or PCRM [Vladimir VORONIN]; Democratic Party or PD [Dumitru DIACOV]; National Liberal Party or NLP [Vitalia PAVLICENKO]; Our Moldova Alliance or AMN [Serafim URECHEAN]; Party for Social Democracy or PSD [Dumitru BRAGHIS]; Social Liberal Party or PSL [Oleg SEREBRIAN]
Telephone system	general assessment: inadequate, outmoded, poor service outside Chisinau; some modernization is under way domestic: depending on location, new subscribers may face long wait for service; multiple private operators of GSM mobile cellular telephone service are operating; GPRS system is being introduced; a CDMA mobile telephone network began operations in 2007 international: country code - 373; service through Romania and Russia via landline; satellite earth stations - Intelsat, Eutelsat, and Intersputnik (2006)	general assessment: inadequate, outmoded, poor service outside Chisinau; some modernization is under way domestic: depending on location, new subscribers may face long wait for service; 2 private operators of GSM mobile cellular telephone service are operating; GPRS system is being introduced; license for 1 CDMA mobile telephone network currently being tendered international: country code - 373; service through Romania and Russia via landline; satellite earth stations - Intelsat, Eutelsat, and Intersputnik (2006)
Unemployment rate	2.1%; note - roughly 25% of working age Moldovans are employed abroad (2007 est.)	7.3%; note - roughly 25% of working age Moldovans are employed abroad (2005 est.)

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