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Economy of Moldova vs Qatar compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $218B for Qatar, ranking 134/197 and 56/197 by economy size, respectively.

Moldova has $6.94B in government debt (36.3% of GDP), compared to $89B (40.5% of GDP) in Qatar.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Moldova
GDP, current $

GDP, constant 2015 $
Qatar
GDP, current $

GDP, constant 2015 $
Year GDP
Moldova Qatar
Current $ Constant $ Current $ Constant $
1970 - - $301,791,302 $8,816,161,355
1971 - - $387,703,106 $9,698,469,706
1972 - - $510,262,500 $10,773,000,939
1973 - - $793,885,560 $11,934,857,801
1974 - - $2,401,403,227 $12,643,579,838
1975 - - $2,512,773,166 $13,386,912,643
1976 - - $3,284,273,987 $14,504,574,217
1977 - - $3,617,564,638 $13,444,952,239
1978 - - $4,052,000,413 $14,636,627,610
1979 - - $5,632,962,997 $15,401,791,822
1980 - - $7,829,165,262 $15,245,244,656
1981 - - $8,661,263,764 $15,382,600,057
1982 - - $7,596,703,214 $14,325,124,118
1983 - - $6,467,582,308 $14,063,666,907
1984 - - $6,704,395,824 $14,718,715,618
1985 - - $6,153,296,456 $14,406,653,786
1986 - - $5,053,021,951 $15,175,362,083
1987 - - $5,446,428,681 $15,182,189,691
1988 - - $6,038,187,033 $16,078,614,414
1989 - - $6,487,912,088 $17,079,059,748
1990 $3,592,857,043 $11,137,693,133 $7,360,439,423 $17,662,217,767
1991 $3,094,565,871 $9,355,662,201 $6,883,516,484 $17,368,630,639
1992 $2,319,243,436 $6,633,164,508 $7,646,153,984 $19,336,588,147
1993 $2,371,813,324 $6,553,566,539 $7,156,593,654 $19,080,352,035
1994 $1,702,314,268 $4,528,514,463 $7,374,450,769 $19,351,046,596
1995 $1,752,999,370 $4,465,115,304 $8,137,911,978 $19,815,323,915
1996 $1,695,122,174 $4,202,697,785 $9,059,340,385 $20,682,028,462
1997 $1,930,081,169 $4,271,918,931 $11,297,802,115 $26,889,127,081
1998 $1,698,717,505 $3,992,441,789 $10,255,495,027 $29,905,724,793
1999 $1,170,782,957 $3,857,966,190 $12,393,131,868 $31,186,905,301
2000 $1,288,429,392 $3,939,281,164 $17,759,890,110 $33,690,629,183
2001 $1,480,673,594 $4,179,577,331 $17,538,461,538 $35,003,952,797
2002 $1,661,818,168 $4,505,584,348 $19,363,736,264 $37,517,989,781
2003 $1,980,907,435 $4,802,952,913 $23,533,791,209 $38,913,643,497
2004 $2,598,249,556 $5,158,371,416 $31,734,065,934 $46,392,423,696
2005 $2,988,342,907 $5,545,249,280 $44,530,494,505 $49,868,495,958
2006 $3,408,255,451 $5,811,421,236 $60,882,142,857 $62,919,203,862
2007 $4,401,173,152 $5,985,763,886 $79,712,087,912 $74,235,635,940
2008 $6,054,824,248 $6,452,653,478 $115,270,054,945 $87,348,289,336
2009 $5,439,434,272 $6,065,494,253 $97,798,351,648 $97,792,140,945
2010 $6,974,982,370 $6,496,144,351 $125,122,306,346 $116,951,901,413
2011 $8,414,352,020 $6,874,100,823 $167,775,268,626 $132,594,424,543
2012 $8,709,138,635 $6,833,561,916 $186,833,502,363 $138,866,156,528
2013 $9,496,717,876 $7,451,580,072 $198,727,642,967 $146,581,616,624
2014 $9,402,090,138 $7,824,131,196 $206,224,598,571 $154,400,753,941
2015 $7,797,667,197 $7,797,667,197 $161,739,955,577 $161,739,955,577
2016 $7,980,917,076 $8,159,947,935 $151,732,181,868 $166,695,978,169
2017 $9,514,404,016 $8,500,675,704 $161,099,122,225 $164,199,531,362
2018 $11,252,353,421 $8,847,128,858 $183,334,953,819 $166,227,185,730
2019 $11,736,797,055 $9,161,406,662 $176,371,267,692 $167,371,229,300
2020 $11,530,746,234 $8,403,210,633 $144,411,363,352 $161,416,823,769
2021 $13,691,869,264 $9,573,777,856 $179,732,009,560 $164,042,828,071
2022 $14,525,337,524 $9,133,384,075 $235,709,325,714 $170,908,036,354
2023 $16,711,906,746 $9,242,984,684 $213,002,809,341 $172,936,988,055
2024 $18,200,340,854 $9,252,510,450 $217,982,967,033 $177,724,600,424

Economic indicators

Moldova Qatar
Gross domestic product
$18.2B
2024
$218B
2024
GDP rank
134/197
2024
56/197
2024
GDP growth
8.91%
2023-2024
2.34%
2023-2024
GDP per capita
$7,618
2024
$76,276
2024
GDP per capita rank
99/197
2024
11/197
2024
GDP per capita, PPP
$18,717
2024
$126,110
2024
Government debt
$6.94B
2024
$89B
2024
Debt-to-GDP ratio
36.3%
2025
40.5%
2025
Government debt per person
$2,905
2024
$31,151
2024
Government debt per person rank
103/185
2024
23/185
2024
Average annual personal income after taxes
$4,214
2025
$36,023
2025
Market capitalization of domestic companies n/a
$170M
2024
Number of millionaires n/a
26,163
2024
Number of billionaires n/a
2
2025
Income share by richest 10%
22.8%
2023
25.8%
2017
Income share by poorest 10%
4.3%
2023
2.6%
2017
Government expenditure, % of GDP
39.8%
2025
26.5%
2025
Consumer prices inflation
4.68%
2023-2024
0.1%
2024-2025
Central bank interest rate
6.25%
2025
4.6%
2025
Unemployment rate
1.43%
2024
0.13%
2022
Population
2358679
2964497

GDP per capita in Moldova vs Qatar

Moldova's GDP per capita is $7,618, ranking 99/197, compared to $76,276 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 98th at $18,717, while Qatar ranks 5th at $126,110.

Moldova
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
Year Current $
Moldova Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 - - $2,594 -
1971 - - $2,952 -
1972 - - $3,483 -
1973 - - $4,905 -
1974 - - $13,540 -
1975 - - $13,014 -
1976 - - $15,710 -
1977 - - $16,058 -
1978 - - $16,757 -
1979 - - $21,777 -
1980 - - $28,375 -
1981 - - $29,505 -
1982 - - $24,385 -
1983 - - $19,616 -
1984 - - $19,272 -
1985 - - $16,815 -
1986 - - $13,213 -
1987 - - $13,719 -
1988 - - $14,682 -
1989 - - $15,243 -
1990 $1,207 $6,895 $16,722 $55,659
1991 $1,038 $5,980 $15,133 $54,759
1992 $778 $4,337 $16,280 $60,387
1993 $797 $4,394 $14,770 $59,125
1994 $574 $3,111 $14,765 $59,415
1995 $594 $3,146 $15,823 $60,321
1996 $575 $3,021 $17,125 $62,331
1997 $657 $3,136 $20,523 $79,219
1998 $579 $2,965 $17,665 $84,486
1999 $399 $2,910 $20,234 $84,690
2000 $441 $3,045 $27,535 $88,849
2001 $507 $3,311 $25,871 $89,805
2002 $571 $3,633 $27,227 $93,176
2003 $682 $3,960 $31,602 $94,120
2004 $897 $4,378 $41,036 $110,958
2005 $1,034 $4,866 $53,950 $115,250
2006 $1,183 $5,271 $62,582 $127,181
2007 $1,531 $5,590 $65,954 $124,056
2008 $2,111 $6,153 $80,781 $126,015
2009 $1,898 $5,827 $60,786 $125,898
2010 $2,437 $6,323 $77,387 $151,646
2011 $2,941 $6,833 $103,262 $174,620
2012 $3,045 $7,255 $108,470 $180,939
2013 $3,321 $8,233 $103,697 $169,203
2014 $3,290 $8,643 $95,841 $148,389
2015 $2,750 $9,198 $68,985 $102,546
2016 $2,847 $10,326 $61,254 $89,935
2017 $3,453 $11,252 $63,280 $99,358
2018 $4,156 $11,868 $71,040 $110,033
2019 $4,405 $13,413 $66,841 $107,502
2020 $4,376 $13,527 $51,684 $82,149
2021 $5,275 $15,682 $71,752 $116,833
2022 $5,744 $16,453 $88,701 $122,920
2023 $6,800 $17,747 $80,196 $128,919
2024 $7,618 $18,717 $76,276 $126,110

Spending and national debt comparison

In 2024, Moldova's government spending was $6.92B, accounting for 39.8% of its GDP, while Qatar's spent $56.2B, or 26.5% of GDP.

Debt-to-GDP ratio is 36.3% in Moldova and 40.5% in Qatar, ranking 144/185 and 133/185, respectively.

Moldova
Government spending

Government debt
Qatar
Government spending

Government debt
Year % of GDP
Moldova Qatar
Government spending Government debt Government spending Government debt
1990 - - 50% 12.6%
1991 - - 57.5% 21.8%
1992 - - 54.2% 19.9%
1993 - - 62.8% 46.3%
1994 - - 59.8% 54.8%
1995 42% 79.5% 52.2% 50.2%
1996 43.3% 87.5% 55.2% 57.8%
1997 46% 89% 47.6% 54.4%
1998 39.1% 159.4% 55.1% 76.6%
1999 33% 150.7% 42.4% 81.8%
2000 34% 89.1% 29.8% 51.6%
2001 29.5% 85.4% 32.1% 59.2%
2002 30.7% 80.3% 31.6% 47.7%
2003 33.5% 68.1% 28.5% 38.8%
2004 34.8% 49.3% 29.9% 30.1%
2005 37.1% 40.4% 29% 19.1%
2006 40.3% 35% 29.5% 13.9%
2007 42.7% 28.3% 29.5% 9.37%
2008 41.5% 22.2% 23.5% 11.4%
2009 45.3% 32.6% 36.4% 36%
2010 34.1% 25.5% 32% 30.4%
2011 32.6% 24.2% 28.5% 33.5%
2012 33.7% 31.3% 31% 32.1%
2013 32.4% 30% 28.3% 30.9%
2014 33.8% 35.4% 32.3% 24.9%
2015 31.7% 42.1% 38.6% 35.5%
2016 30.5% 39.7% 40.1% 46.7%
2017 31% 34.9% 34.7% 51.6%
2018 31.5% 31.8% 28.9% 52.2%
2019 32% 28.8% 32.5% 62.1%
2020 36.7% 36.6% 34.7% 72.6%
2021 34.6% 33.6% 29.4% 58.4%
2022 36.6% 35% 24.3% 42.6%
2023 38.8% 34.9% 27.3% 43.7%
2024 38% 38.1% 25.8% 40.8%
2025 39.8% 36.3% 26.5% 40.5%

Government deficit by year

In 2024, Moldova's government deficit, the difference between spending and revenue, was -$709M, equivalent to -3.89% of GDP. This compares to Qatar's surplus of $1.52B, or 0.7% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Qatar ran a deficit in 8 years. On average, Moldova posted an annual deficit equal to -2.26% of GDP, compared to surplus of +4.32% of GDP for Qatar.

Deficit/surplus
Moldova

Qatar
Year Deficit/surplus, % of GDP
Moldova Qatar
1990 - 3.23%
1991 - -2.57%
1992 - -2.74%
1993 - -9.53%
1994 - -11.8%
1995 -2.58% -5.78%
1996 -7.42% -8.73%
1997 -7.47% -9.4%
1998 -1.52% -7%
1999 -2.64% -4.35%
2000 -3.55% 4.62%
2001 -0.34% 4.48%
2002 -1.18% 7.89%
2003 0.47% 6.71%
2004 0.59% 17.7%
2005 1.44% 9.8%
2006 -0.42% 8.39%
2007 0.15% 10.3%
2008 -0.87% 9.49%
2009 -6.38% 14.1%
2010 -2.18% 4.6%
2011 -2.05% 5.24%
2012 -1.93% 8.55%
2013 -1.57% 19.3%
2014 -1.6% 13.4%
2015 -1.93% 18.4%
2016 -1.56% -9.2%
2017 -0.65% -6.82%
2018 -0.85% 2.26%
2019 -1.47% 1%
2020 -5.32% -2.13%
2021 -2.62% 0.24%
2022 -3.24% 10.4%
2023 -5.13% 5.48%
2024 -3.89% 0.7%
2025 -5.11% 0.04%

Inflation comparison by year

Over the past 29 years, Moldova has recorded an average annual inflation rate of 11%, compared with 3.21% in Qatar. In 2024, inflation was 4.68% in Moldova and 0.1% in Qatar.

Inflation
Moldova

Qatar
Year Inflation
Moldova Qatar Moldova Qatar
1996 23.5% 7%
1997 11.8% 2.7%
1998 7.7% 2.9%
1999 39.3% 2.2%
2000 31.3% 1.6%
2001 9.76% 1.7%
2002 5.3% 0.2%
2003 11.7% 2.3%
2004 12.5% 6.8%
2005 12% 9%
2006 12.8% 11.7%
2007 12.4% 13.7%
2008 12.8% 15.1%
2009 -0.06% -4.9%
2010 7.48% -2.4%
2011 7.69% 2%
2012 4.55% 1.8%
2013 4.6% 3.1%
2014 5.09% 4.2%
2015 9.68% 0.9%
2016 6.36% 2.7%
2017 6.57% 0.6%
2018 3.05% 0.1%
2019 4.84% -0.9%
2020 3.77% -2.5%
2021 5.11% 2.3%
2022 28.7% 5%
2023 13.4% 3.1%
2024 4.68% 1.2%
2025 - 0.1%

Top exports between countries

Moldova
Export category Export value
Processed food, beverages & tobacco $202K
Animal & marine products $173K
Raw agricultural goods $168K
Chemicals & pharma $53K
Textiles & consumer goods $36K
Qatar
Export category Export value
Chemicals & pharma $285K
Machinery & equipment $50K
Textiles & consumer goods $17K

Balance of trade

Moldova Qatar
Current account balance
-$2.92B
2024
$37.9B
2024
Current account balance ranking
153/189
2024
15/189
2024
Current account balance, % of GDP
-16%
2024
+17.4%
2024
Goods imports
$8.63B
2024
$32.6B
2024
Goods exports
$3.01B
2024
$95B
2024
Service imports
$1.78B
2024
$37.1B
2024
Service exports
$2.7B
2024
$30.2B
2024
Imports of goods and services, % of GDP
57.3%
2024
31.6%
2022
Exports of goods and services, % of GDP
31.4%
2024
68.6%
2022

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Moldova Qatar
Economic freedom 58.3 70.2
Economic freedom ranking 107/197 33/197
Property rights 40.2 71.1
Government integrity 43.4 52.6
Judicial effectiveness 31.3 42.3
Tax burden 92.8 99.9
Government spending 59.5 78.1
Fiscal health 75.9 96.2
Business freedom 66.2 67.9
Labor freedom 49.1 59.3
Monetary freedom 59.4 73.2
Trade freedom 77.2 81.6
Investment freedom 55 60
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Moldova is 58.3, ranking 107/197, compared to 70.2 for Qatar, ranking 33/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Moldova
Qatar
Year Economic freedom index
Moldova Qatar
1995 33 -
1996 52.5 -
1997 48.9 -
1998 53.5 -
1999 56.1 62
2000 59.6 62
2001 54.9 60
2002 57.4 61.9
2003 60 65.9
2004 57.1 66.5
2005 57.4 63.5
2006 58 62.4
2007 58.7 62.9
2008 57.9 62.2
2009 54.9 65.8
2010 53.7 69
2011 55.7 70.5
2012 54.4 71.3
2013 55.5 71.3
2014 57.3 71.2
2015 57.5 70.8
2016 57.4 70.7
2017 58 73.1
2018 58.4 72.6
2019 59.1 72.6
2020 62 72.3
2021 62.5 72
2022 61.3 67.7
2023 58.5 68.6
2024 57.1 68.8
2025 58.3 70.2

More economic indicators

Moldova Qatar
Services, % of GDP
62.3%
2024
45.9%
2024
Industry, % of GDP
16.8%
2024
58.5%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
0.29%
2024
GNI, Atlas method
$16.6B
2024
$219B
2024
GNI per capita, PPP
$18,880
2024
$121,930
2024
Total reserves including gold
$5.48B
2024
$54B
2024
Total reserves ranking
96/177
2024
40/177
2024
Net foreign direct investment
-$244M
2024
$1.1B
2024
Net inflows of foreign direct investment
$333M
2024
$460M
2024
Net outflows of foreign direct investment
$89.6M
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
7.79%
2023
n/a
Poverty at national poverty lines
31.6%
2023
n/a
Gross capital formation, % of GDP
21.1%
2024
30.6%
2022

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.