June 15 (SeeNews) - Moldova's economy expanded by an annual 0.1% in real adjusted terms in the first quarter of 2021, with mining, manufacturing and utilities being the main growth drivers, the statistical office said on Tuesday.
In unadjusted terms, Moldova's economic output grew by 1.8% in the first quarter, the statistical office said in a statement.
Moldova's gross domestic product (GDP) totalled 46.5 billion lei ($2.6 billion/2.2 billion euro) at current prices in the first quarter.
Compared to the previous quarter, Moldova's GDP grew by seasonally-adjusted 2.5% in the January-March period.
The gross value added in the economy edged up by 0.6% on the year in the first quarter, boosted by the mining, manufacturing, utilities, construction, IT and real estate sectors. Agriculture, financial, insurance and public administration sectors had a negative impact on GDP growth during the first quarter.
Final household consumption rose by 2.8% year-on-year in the first quarter. Gross fixed-capital formation increased 14.2% on the year.
Exports fell by an annual 12.3%, while imports increased by 7.1% in the first quarter.
Moldova's economy contracted by 7% in real terms in 2020, compared to 3.7% growth in the previous year.
Earlier this month, the World Bank said that Moldova's economy is expected to grow by 3.8% in 2021 and by 3.7% in 2022.
(1 euro =21.466 Moldovan lei)