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Economy of Moldova vs Thailand compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $527B for Thailand, ranking 134/197 and 31/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Moldova vs Thailand GDP by year

Moldova
Thailand
1x
Year GDP, current $
Moldova Thailand
2024 $18,200,340,854 $526,517,658,842
2023 $16,711,906,746 $515,906,283,941
2022 $14,525,337,524 $495,644,697,588
2021 $13,691,869,264 $506,194,668,790
2020 $11,530,746,234 $500,461,898,480
2019 $11,736,797,055 $543,976,691,794
2018 $11,252,353,421 $506,754,208,404
2017 $9,514,404,016 $456,356,813,537
2016 $7,980,917,076 $413,366,349,748
2015 $7,797,667,197 $401,296,238,228
2014 $9,402,090,138 $407,339,040,198
2013 $9,496,717,876 $420,333,654,593
2012 $8,709,138,635 $397,558,325,279
2011 $8,414,352,020 $370,818,739,624
2010 $6,974,982,370 $341,104,766,329
2009 $5,439,434,272 $281,710,630,187
2008 $6,054,824,248 $291,382,982,431
2007 $4,401,173,152 $262,942,621,455
2006 $3,408,255,451 $221,758,296,022
2005 $2,988,342,907 $189,318,408,469
2004 $2,598,249,556 $172,895,685,155
2003 $1,980,907,435 $152,280,615,246
2002 $1,661,818,168 $134,300,904,400
2001 $1,480,673,594 $120,296,476,180
2000 $1,288,429,392 $126,392,224,254
1999 $1,170,782,957 $126,669,211,779
1998 $1,698,717,505 $113,675,596,788
1997 $1,930,081,169 $150,180,456,566
1996 $1,695,122,174 $183,035,237,429
1995 $1,752,999,370 $169,278,916,593
1994 $1,702,314,268 $146,683,778,959
1993 $2,371,813,324 $128,889,262,951
1992 $2,319,243,436 $111,452,746,518
1991 $3,094,565,871 $98,234,714,971
1990 $3,592,857,043 $85,343,190,719
1989 - $72,250,748,100
1988 - $61,667,253,471
1987 - $50,535,446,555
1986 - $43,096,773,981
1985 - $38,900,711,333
1984 - $41,797,647,776
1983 - $40,042,798,388
1982 - $36,589,772,404
1981 - $34,846,039,194
1980 - $32,353,514,989
1979 - $27,371,650,825
1978 - $24,006,566,637
1977 - $19,779,312,261
1976 - $16,985,208,648
1975 - $14,882,770,594
1974 - $13,702,998,512
1973 - $10,838,587,358
1972 - $8,177,873,151
1971 - $7,375,000,024
1970 - $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Moldova vs Thailand by year

Moldova
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $7,347 $24,712
2023 $6,800 $17,747 $7,195 $23,519
2022 $5,744 $16,453 $6,909 $22,243
2021 $5,275 $15,682 $7,057 $20,243
2020 $4,376 $13,527 $6,986 $19,164
2019 $4,405 $13,413 $7,606 $19,963
2018 $4,156 $11,868 $7,100 $18,876
2017 $3,453 $11,252 $6,413 $17,573
2016 $2,847 $10,326 $5,834 $16,671
2015 $2,750 $9,198 $5,689 $15,791
2014 $3,290 $8,643 $5,801 $15,365
2013 $3,321 $8,233 $6,018 $15,216
2012 $3,045 $7,255 $5,726 $14,617
2011 $2,941 $6,833 $5,374 $13,227
2010 $2,437 $6,323 $4,974 $12,932
2009 $1,898 $5,827 $4,135 $11,964
2008 $2,111 $6,153 $4,309 $12,062
2007 $1,531 $5,590 $3,919 $11,723
2006 $1,183 $5,271 $3,331 $10,912
2005 $1,034 $4,866 $2,868 $10,169
2004 $897 $4,378 $2,642 $9,545
2003 $682 $3,960 $2,348 $8,824
2002 $571 $3,633 $2,090 $8,148
2001 $507 $3,311 $1,890 $7,632
2000 $441 $3,045 $2,006 $7,289
1999 $399 $2,910 $2,033 $6,901
1998 $579 $2,965 $1,848 $6,590
1997 $657 $3,136 $2,473 $7,148
1996 $575 $3,021 $3,055 $7,322
1995 $594 $3,146 $2,864 $6,901
1994 $574 $3,111 $2,518 $6,341
1993 $797 $4,394 $2,245 $5,834
1992 $778 $4,337 $1,972 $5,347
1991 $1,038 $5,980 $1,766 $4,914
1990 $1,207 $6,895 $1,559 $4,451
1989 - - $1,342 -
1988 - - $1,164 -
1987 - - $970 -
1986 - - $842 -
1985 - - $774 -
1984 - - $847 -
1983 - - $827 -
1982 - - $770 -
1981 - - $748 -
1980 - - $709 -
1979 - - $612 -
1978 - - $548 -
1977 - - $462 -
1976 - - $405 -
1975 - - $364 -
1974 - - $343 -
1973 - - $278.3 -
1972 - - $215.6 -
1971 - - $199.7 -
1970 - - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Thailand ranks 85th at $24,712.

Economic indicators

Moldova Thailand
Gross domestic product
$18.2B
2024
$527B
2024
GDP rank
134/197
2024
31/197
2024
GDP growth
0.1%
2023-2024
2.54%
2023-2024
GDP per capita
$7,576
2024
$7,347
2024
GDP per capita rank
99/197
2024
100/197
2024
GDP per capita, PPP
$18,615
2024
$24,712
2024
GDP per capita PPP rank
100/197
2024
85/197
2024
Government debt
$7.06B
2024
$333B
2024
Debt-to-GDP ratio
38.8%
2024
63.2%
2024
Government debt per person
$2,938
2024
$4,643
2024
Government debt per person rank
102/185
2024
84/185
2024
Average annual personal income after taxes
$4,291
2026
$6,733
2026
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires n/a
25
2025
Income share by richest 10%
22.8%
2023
26.1%
2023
Income share by poorest 10%
4.3%
2023
3.4%
2023
Government expenditure, % of GDP
38%
2024
22.7%
2024
Consumer prices inflation
4.68%
2023-2024
1.37%
2023-2024
Central bank interest rate
6%
2025
1.5%
2025
Unemployment rate
1.43%
2024
0.78%
2024
Population
2341166
71571743

Spending and national debt comparison by year

Moldova
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Moldova Thailand
Government spending Government debt Government spending Government debt
2024 38% 38.8% 22.7% 63.2%
2023 38.8% 34.9% 22.8% 62.3%
2022 36.6% 35% 24.7% 60.5%
2021 34.6% 33.6% 26.8% 58.3%
2020 36.7% 36.6% 24.9% 49.4%
2019 32% 28.8% 20.6% 41.1%
2018 31.5% 31.8% 21.2% 41.9%
2017 31% 34.9% 21.5% 41.8%
2016 30.5% 39.7% 21.4% 41.7%
2015 31.7% 42.1% 22.3% 42.6%
2014 33.8% 35.4% 22.2% 43.3%
2013 32.4% 30% 21.6% 42.2%
2012 33.7% 31.3% 22.3% 41.9%
2011 32.6% 24.2% 21.1% 39.1%
2010 34.1% 25.5% 22% 39.8%
2009 45.3% 32.6% 21.7% 42.4%
2008 41.5% 22.2% 19.2% 34.9%
2007 42.7% 28.3% 20% 36%
2006 40.3% 35% 18.7% 39.2%
2005 37.1% 40.4% 19.6% 45.5%
2004 34.8% 49.3% 19.3% 46.3%
2003 33.5% 68.1% 18.3% 47.5%
2002 30.7% 80.3% 25.7% 54.9%
2001 29.5% 85.4% 20.8% 57.5%
2000 34% 89.1% 19.3% 57.8%
1999 33% 150.7% 26.5% 56.6%
1998 39.1% 159.4% 23.9% 49.9%
1997 46% 89% 21.6% 40.5%
1996 43.3% 87.5% 18% 15.2%
1995 42% 79.5% 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 63.2% in Thailand, ranking 137/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Thailand
1x
Year Deficit/surplus, % of GDP
Moldova Thailand
2024 -3.88% -1.29%
2023 -5.13% -1.98%
2022 -3.24% -4.61%
2021 -2.62% -6.74%
2020 -5.32% -4.47%
2019 -1.47% 0.43%
2018 -0.85% 0.2%
2017 -0.65% -0.42%
2016 -1.56% 0.41%
2015 -1.93% 0.19%
2014 -1.6% -0.7%
2013 -1.57% 0.6%
2012 -1.93% -0.86%
2011 -2.05% 0.09%
2010 -2.18% -1.07%
2009 -6.38% -2.21%
2008 -0.87% 0.8%
2007 0.15% 0.22%
2006 -0.42% 1.87%
2005 1.44% 2.17%
2004 0.59% 1.11%
2003 0.47% 1.98%
2002 -1.18% -6.72%
2001 -0.34% -1.77%
2000 -3.55% -1.79%
1999 -2.64% -9.02%
1998 -1.52% -6.29%
1997 -7.47% -1.68%
1996 -7.42% 2.75%
1995 -2.58% 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

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

In 2024, Moldova's government deficit, the difference between spending and revenue, was $707M, equivalent to 3.88% of GDP. This compares to Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Thailand ran a deficit in 16 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 1.19% of GDP for Thailand.

Inflation comparison by year

Inflation
Moldova

Thailand
1x
Year Consumer prices inflation
Moldova Thailand
2024 4.68% 1.37%
2023 13.4% 8.48%
2022 28.7% -1.61%
2021 5.11% 1.23%
2020 3.77% -0.85%
2019 4.84% 0.71%
2018 3.05% 1.06%
2017 6.57% 0.67%
2016 6.36% 0.19%
2015 9.68% -0.9%
2014 5.09% 1.9%
2013 4.6% 2.18%
2012 4.55% 3.01%
2011 7.69% 3.81%
2010 7.48% 3.25%
2009 -0.06% -0.85%
2008 12.8% 5.47%
2007 12.4% 2.24%
2006 12.8% 4.64%
2005 12% 4.54%
2004 12.5% 2.76%
2003 11.7% 1.8%
2002 5.3% 0.7%
2001 9.76% 1.63%
2000 31.3% 1.59%
1999 39.3% 0.28%
1998 7.7% 7.99%
1997 11.8% 5.63%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 2.25% in Thailand. In 2024, inflation was 4.68% in Moldova and 1.37% in Thailand.

Top exports between countries

Moldova
Export category Export value
Raw agricultural goods $221K
Textiles & consumer goods $136K
Processed food, beverages & tobacco $109K
Chemicals & pharma $34K
Wood & paper products $25K
Metals $7K
Machinery & equipment $5K
Thailand
Export category Export value
Processed food, beverages & tobacco $913K
Chemicals & pharma $129K
Machinery & equipment $114K
Textiles & consumer goods $108K
Wood & paper products $53K
Precious metals & jewellery $23K
Metals $17K
Raw agricultural goods $8K
Animal & marine products $3K
Miscellaneous $1K

Balance of trade

Moldova Thailand
Current account balance
-$3.01B
2024
$11.6B
2024
Current account balance ranking
156/190
2024
23/190
2024
Current account balance, % of GDP
-16.6%
2024
+2.21%
2024
Goods imports
$8.63B
2024
$276B
2024
Goods exports
$3.01B
2024
$297B
2024
Service imports
$1.8B
2024
$74B
2024
Service exports
$2.73B
2024
$71.9B
2024
Imports of goods and services, % of GDP
57.3%
2024
66.7%
2024
Exports of goods and services, % of GDP
31.4%
2024
70%
2024

Economic freedom indices

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

Moldova Thailand
Economic freedom 58.1 62.2
Economic freedom ranking 112/197 88/197
Property rights 40.4 41.8
Government integrity 45.1 38.9
Judicial effectiveness 32.4 35
Tax burden 87.9 80.8
Government spending 57.2 83.6
Fiscal health 70.3 81
Business freedom 68.3 69.9
Labor freedom 48.1 56.4
Monetary freedom 66 73.3
Trade freedom 76.8 70.2
Investment freedom 55 55
Financial freedom 50 60

Economic freedom comparison by year

Moldova
Thailand
1x
Year Economic freedom index
Moldova Thailand
2026 58.1 62.2
2025 58.3 60.6
2024 57.1 59
2023 58.5 60.6
2022 61.3 63.2
2021 62.5 69.7
2020 62 69.4
2019 59.1 68.3
2018 58.4 67.1
2017 58 66.2
2016 57.4 63.9
2015 57.5 62.4
2014 57.3 63.3
2013 55.5 64.1
2012 54.4 64.9
2011 55.7 64.7
2010 53.7 64.1
2009 54.9 63
2008 57.9 62.3
2007 58.7 63.5
2006 58 63.3
2005 57.4 62.5
2004 57.1 63.7
2003 60 65.8
2002 57.4 69.1
2001 54.9 68.9
2000 59.6 66.6
1999 56.1 66.9
1998 53.5 67.3
1997 48.9 66.1
1996 52.5 71
1995 33 71.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Moldova Thailand
Services, % of GDP
62.3%
2024
59.2%
2024
Industry, % of GDP
16.8%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
8.71%
2024
GNI, Atlas method
$16.5B
2024
$509B
2024
GNI per capita, PPP
$18,710
2024
$23,960
2024
Total reserves including gold
$5.48B
2024
$237B
2024
Total reserves ranking
96/177
2024
15/177
2024
Net foreign direct investment
-$360M
2024
-$6.95B
2024
Net inflows of foreign direct investment
$458M
2024
$14.3B
2024
Net outflows of foreign direct investment
$98.4M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
3.52%
2024
Poverty at national poverty lines
31.6%
2023
5.4%
2022
Gross capital formation, % of GDP
21.1%
2024
21.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.