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Economy of Moldova vs Slovakia compared: GDP & Debt

Updated on by Georank

Moldova has a GDP of $20.4B compared to $155B for Slovakia, ranking 133/197 and 60/197 by economy size, respectively.

Moldova has $7.45B in government debt (36.6% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Moldova vs Slovakia GDP by year

Moldova
Slovakia
1x
Year GDP, current $
Moldova Slovakia
2025 $20,351,796,275 $154,530,066,507
2024 $18,206,842,141 $140,934,076,532
2023 $16,711,906,746 $133,578,518,424
2022 $14,525,337,524 $115,792,972,358
2021 $13,691,869,264 $120,511,265,913
2020 $11,530,746,234 $107,732,602,896
2019 $11,736,797,055 $105,843,498,304
2018 $11,252,353,421 $106,611,673,365
2017 $9,514,404,016 $95,978,130,735
2016 $7,980,917,076 $90,347,173,229
2015 $7,797,667,197 $89,178,548,717
2014 $9,402,090,138 $101,713,075,599
2013 $9,496,717,876 $99,134,277,850
2012 $8,709,138,635 $94,724,394,278
2011 $8,414,352,020 $99,705,104,723
2010 $6,974,982,370 $91,112,160,801
2009 $5,439,434,272 $89,342,984,698
2008 $6,054,824,248 $96,685,492,864
2007 $4,401,173,152 $77,019,443,089
2006 $3,408,255,451 $57,111,148,619
2005 $2,988,342,907 $48,823,790,951
2004 $2,598,249,556 $42,960,730,480
2003 $1,980,907,435 $33,761,723,946
2002 $1,661,818,168 $24,768,142,566
2001 $1,480,673,594 $21,377,597,035
2000 $1,288,429,392 $20,626,538,612
1999 $1,170,782,957 $20,813,421,086
1998 $1,698,717,505 $22,911,708,405
1997 $1,930,081,169 $22,026,728,498
1996 $1,695,122,174 $21,864,845,214
1995 $1,752,999,370 $20,306,095,054
1994 $1,702,314,268 $16,187,735,322
1993 $2,371,813,324 $13,991,963,247
1992 $2,319,243,436 $12,932,972,789
1991 $3,094,565,871 $11,952,983,608
1990 $3,592,857,043 $17,068,924,602

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

GDP per capita in Moldova vs Slovakia by year

Moldova
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,622 - $28,544 -
2024 $7,579 $18,615 $25,993 $48,132
2023 $6,800 $17,747 $24,615 $45,974
2022 $5,744 $16,453 $21,318 $41,562
2021 $5,275 $15,682 $22,123 $38,346
2020 $4,376 $13,527 $19,735 $35,328
2019 $4,405 $13,413 $19,406 $33,986
2018 $4,156 $11,868 $19,573 $31,510
2017 $3,453 $11,252 $17,646 $30,246
2016 $2,847 $10,326 $16,636 $29,868
2015 $2,750 $9,198 $16,442 $30,148
2014 $3,290 $8,643 $18,771 $29,108
2013 $3,321 $8,233 $18,313 $28,075
2012 $3,045 $7,255 $17,517 $27,023
2011 $2,941 $6,833 $18,469 $26,202
2010 $2,437 $6,323 $16,899 $25,382
2009 $1,898 $5,827 $16,587 $23,077
2008 $2,111 $6,153 $17,974 $23,714
2007 $1,531 $5,590 $14,330 $21,232
2006 $1,183 $5,271 $10,629 $18,906
2005 $1,034 $4,866 $9,087 $16,570
2004 $897 $4,378 $7,997 $15,166
2003 $682 $3,960 $6,283 $14,088
2002 $571 $3,633 $4,606 $13,292
2001 $507 $3,311 $3,974 $12,367
2000 $441 $3,045 $3,828 $11,370
1999 $399 $2,910 $3,857 $10,726
1998 $579 $2,965 $4,250 $10,666
1997 $657 $3,136 $4,092 $10,137
1996 $575 $3,021 $4,069 $9,500
1995 $594 $3,146 $3,787 $8,812
1994 $574 $3,111 $3,028 $8,178
1993 $797 $4,394 $2,627 $7,569
1992 $778 $4,337 $2,438 $7,270
1991 $1,038 $5,980 $2,254 $7,623
1990 $1,207 $6,895 $3,221 $8,638

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

Moldova's GDP per capita is $8,622, ranking 93/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Slovakia ranks 49th at $48,132.

Economic indicators

Moldova Slovakia
Gross domestic product
$20.4B
2025
$155B
2025
GDP rank
133/197
2025
60/197
2025
GDP growth
2.42%
2024-2025
0.81%
2024-2025
GDP per capita
$8,622
2025
$28,544
2025
GDP per capita rank
93/197
2025
46/197
2025
GDP per capita, PPP
$18,615
2024
$48,132
2024
GDP per capita PPP rank
100/197
2024
49/197
2024
Government debt
$7.45B
2025
$95.3B
2025
Debt-to-GDP ratio
36.6%
2025
61.6%
2025
Government debt per person
$3,158
2025
$17,597
2025
Government debt per person rank
103/185
2025
36/185
2025
Average annual personal income after taxes
$4,301
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
22.8%
2023
18.8%
2023
Income share by poorest 10%
4.3%
2023
3.3%
2023
Government expenditure, % of GDP
39.4%
2025
48.7%
2025
Consumer prices inflation
7.76%
2024-2025
4%
2024-2025
Central bank interest rate
6.5%
2026
n/a
Unemployment rate
1.28%
2025
5.4%
2025
Population
2328600
5376239

Spending and national debt comparison by year

Moldova
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Moldova Slovakia
Government spending Government debt Government spending Government debt
2025 39.4% 36.6% 48.7% 61.6%
2024 38% 38.8% 47.5% 59.7%
2023 38.8% 34.9% 48.2% 55.8%
2022 36.6% 35% 43.1% 57.8%
2021 34.6% 33.6% 44.8% 60.2%
2020 36.7% 36.6% 44.5% 58.4%
2019 32% 28.8% 40.6% 48%
2018 31.5% 31.8% 39.7% 49.3%
2017 31% 34.9% 39.8% 51.4%
2016 30.5% 39.7% 40.9% 52.1%
2015 31.7% 42.1% 44.1% 51.6%
2014 33.8% 35.4% 42% 53.4%
2013 32.4% 30% 41.1% 54.6%
2012 33.7% 31.3% 40% 51.7%
2011 32.6% 24.2% 40.8% 43.3%
2010 34.1% 25.5% 41% 40.7%
2009 45.3% 32.6% 43.2% 36.4%
2008 41.5% 22.2% 36.5% 28.6%
2007 42.7% 28.3% 35.9% 30.4%
2006 40.3% 35% 38.2% 31.5%
2005 37.1% 40.4% 39.1% 35%
2004 34.8% 49.3% 38.4% 42%
2003 33.5% 68.1% 40% 43.6%
2002 30.7% 80.3% 46% 45.6%
2001 29.5% 85.4% 46.2% 51.4%
2000 34% 89.1% 53.2% 50.6%
1999 33% 150.7% 48.4% 47.1%
1998 39.1% 159.4% 46.2% 33.9%
1997 46% 89% 48.6% 32.8%
1996 43.3% 87.5% 52.8% 30.3%
1995 42% 79.5% 47.8% 21.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

In 2025, Moldova's government spending was $8.02B, accounting for 39.4% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 36.6% in Moldova and 61.6% in Slovakia, ranking 140/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Slovakia
1x
Year Deficit/surplus, % of GDP
Moldova Slovakia
2025 -3.87% -5.02%
2024 -4.02% -5.5%
2023 -5.13% -5.3%
2022 -3.24% -1.56%
2021 -2.62% -5.09%
2020 -5.32% -5.3%
2019 -1.47% -1.21%
2018 -0.85% -1.01%
2017 -0.65% -0.98%
2016 -1.56% -2.59%
2015 -1.93% -2.78%
2014 -1.6% -3.25%
2013 -1.57% -2.86%
2012 -1.93% -4.37%
2011 -2.05% -4.36%
2010 -2.18% -7.44%
2009 -6.38% -8.18%
2008 -0.87% -2.54%
2007 0.15% -2.26%
2006 -0.42% -3.57%
2005 1.44% -2.86%
2004 0.59% -2.36%
2003 0.47% -2.28%
2002 -1.18% -8.35%
2001 -0.34% -7.74%
2000 -3.55% -12.7%
1999 -2.64% -7.25%
1998 -1.52% -5.37%
1997 -7.47% -6.24%
1996 -7.42% -9.72%
1995 -2.58% -3.43%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

In 2025, Moldova's government deficit, the difference between spending and revenue, was $788M, equivalent to 3.87% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Moldova recorded a fiscal deficit in 27 of those years, while Slovakia ran a deficit in 31 years. On average, Moldova posted an annual deficit equal to 2.31% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Moldova

Slovakia
1x
Year Consumer prices inflation
Moldova Slovakia
2025 7.76% 4%
2024 4.68% 2.76%
2023 13.4% 10.5%
2022 28.7% 12.8%
2021 5.11% 3.15%
2020 3.77% 1.94%
2019 4.84% 2.66%
2018 3.05% 2.51%
2017 6.57% 1.31%
2016 6.36% -0.52%
2015 9.68% -0.33%
2014 5.09% -0.08%
2013 4.6% 1.4%
2012 4.55% 3.61%
2011 7.69% 3.92%
2010 7.48% 0.96%
2009 -0.06% 1.62%
2008 12.8% 4.6%
2007 12.4% 2.76%
2006 12.8% 4.48%
2005 12% 2.71%
2004 12.5% 7.55%
2003 11.7% 8.55%
2002 5.3% 3.13%
2001 9.76% 7.33%
2000 31.3% 12%
1999 39.3% 10.6%
1998 7.7% 6.67%
1997 11.8% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

Over the past 29 years, Moldova has recorded an average annual inflation rate of 10.4%, compared with 4.44% in Slovakia. In 2025, inflation was 7.76% in Moldova and 4% in Slovakia.

Top exports between countries

Moldova
Export category Export value
Textiles & consumer goods $11.2M
Processed food, beverages & tobacco $7.73M
Raw agricultural goods $4.76M
Animal & marine products $1.95M
Metals $716K
Raw materials & minerals $399K
Machinery & equipment $245K
Chemicals & pharma $159K
Wood & paper products $149K
Precious metals & jewellery $38K
Slovakia
Export category Export value
Machinery & equipment $65.6M
Textiles & consumer goods $12.9M
Chemicals & pharma $4.1M
Raw materials & minerals $3.99M
Wood & paper products $3.88M
Weapons & explosives $1.48M
Raw agricultural goods $1.28M
Animal & marine products $1.27M
Miscellaneous $949K
Processed food, beverages & tobacco $928K

Balance of trade

Moldova Slovakia
Current account balance
-$4B
2025
-$5.6B
2025
Current account balance ranking
158/190
2025
165/190
2025
Current account balance, % of GDP
-19.6%
2025
-3.63%
2025
Goods imports
$10.1B
2025
$117B
2025
Goods exports
$3.23B
2025
$117B
2025
Service imports
$2.17B
2025
$14.3B
2025
Service exports
$3.22B
2025
$14.7B
2025
Imports of goods and services, % of GDP
60.9%
2025
85.2%
2025
Exports of goods and services, % of GDP
31.8%
2025
85.1%
2025

Economic freedom indices

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

Moldova Slovakia
Economic freedom 58.1 67.7
Economic freedom ranking 112/197 54/197
Property rights 40.4 82.6
Government integrity 45.1 57.2
Judicial effectiveness 32.4 70.5
Tax burden 87.9 75.4
Government spending 57.2 36.4
Fiscal health 70.3 69.6
Business freedom 68.3 71.1
Labor freedom 48.1 55.1
Monetary freedom 66 69.7
Trade freedom 76.8 79.4
Investment freedom 55 75
Financial freedom 50 70

Economic freedom comparison by year

Moldova
Slovakia
1x
Year Economic freedom index
Moldova Slovakia
2026 58.1 67.7
2025 58.3 68.4
2024 57.1 68.1
2023 58.5 69
2022 61.3 69.7
2021 62.5 66.3
2020 62 66.8
2019 59.1 65
2018 58.4 65.3
2017 58 65.7
2016 57.4 66.6
2015 57.5 67.2
2014 57.3 66.4
2013 55.5 68.7
2012 54.4 67
2011 55.7 69.5
2010 53.7 69.7
2009 54.9 69.4
2008 57.9 70
2007 58.7 69.6
2006 58 69.8
2005 57.4 66.8
2004 57.1 64.6
2003 60 59
2002 57.4 59.8
2001 54.9 58.5
2000 59.6 53.8
1999 56.1 54.2
1998 53.5 57.5
1997 48.9 55.5
1996 52.5 57.6
1995 33 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Moldova Slovakia
Services, % of GDP
61.5%
2025
59.8%
2025
Industry, % of GDP
16.9%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
7.38%
2025
1.59%
2025
GNI, Atlas method
$19B
2025
$143B
2025
GNI per capita, PPP
$19,990
2025
$47,920
2025
Total reserves including gold
$6.01B
2025
$18.2B
2025
Total reserves ranking
97/177
2025
69/177
2025
Net foreign direct investment
-$360M
2025
-$198M
2025
Net inflows of foreign direct investment
$458M
2024
$5.01B
2024
Net outflows of foreign direct investment
$98.4M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
n/a
Poverty at national poverty lines
31.6%
2023
13.7%
2021
Gross capital formation, % of GDP
24.2%
2025
20.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/moldova/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.