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Economy of Moldova vs Uruguay compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $81B for Uruguay, ranking 134/197 and 81/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Moldova vs Uruguay GDP by year

Moldova
Uruguay
1x
Year GDP, current $
Moldova Uruguay
2024 $18,200,340,854 $80,961,511,074
2023 $16,711,906,746 $77,991,666,838
2022 $14,525,337,524 $70,594,110,920
2021 $13,691,869,264 $60,739,084,241
2020 $11,530,746,234 $53,559,359,262
2019 $11,736,797,055 $62,222,313,619
2018 $11,252,353,421 $65,344,577,416
2017 $9,514,404,016 $65,005,997,963
2016 $7,980,917,076 $57,480,787,465
2015 $7,797,667,197 $57,680,327,999
2014 $9,402,090,138 $61,496,186,974
2013 $9,496,717,876 $61,337,621,934
2012 $8,709,138,635 $54,232,266,359
2011 $8,414,352,020 $50,342,406,067
2010 $6,974,982,370 $41,950,361,212
2009 $5,439,434,272 $32,708,319,078
2008 $6,054,824,248 $31,119,602,539
2007 $4,401,173,152 $23,797,773,024
2006 $3,408,255,451 $19,741,420,740
2005 $2,988,342,907 $17,362,857,684
2004 $2,598,249,556 $13,686,329,890
2003 $1,980,907,435 $12,045,638,352
2002 $1,661,818,168 $13,606,515,723
2001 $1,480,673,594 $20,898,761,742
2000 $1,288,429,392 $22,823,270,892
1999 $1,170,782,957 $23,983,945,191
1998 $1,698,717,505 $25,385,886,978
1997 $1,930,081,169 $23,969,739,234
1996 $1,695,122,174 $20,515,458,114
1995 $1,752,999,370 $19,297,663,097
1994 $1,702,314,268 $17,474,588,896
1993 $2,371,813,324 $15,002,136,971
1992 $2,319,243,436 $12,878,148,791
1991 $3,094,565,871 $11,206,176,651
1990 $3,592,857,043 $9,298,807,850
1989 - $8,438,951,476
1988 - $8,213,538,369
1987 - $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Moldova vs Uruguay by year

Moldova
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $23,907 $36,418
2023 $6,800 $17,747 $23,019 $34,471
2022 $5,744 $16,453 $20,819 $33,001
2021 $5,275 $15,682 $17,882 $29,432
2020 $4,376 $13,527 $15,758 $25,725
2019 $4,405 $13,413 $18,316 $25,783
2018 $4,156 $11,868 $19,250 $24,386
2017 $3,453 $11,252 $19,185 $23,607
2016 $2,847 $10,326 $17,010 $22,841
2015 $2,750 $9,198 $17,126 $22,169
2014 $3,290 $8,643 $18,322 $21,868
2013 $3,321 $8,233 $18,335 $20,661
2012 $3,045 $7,255 $16,260 $19,495
2011 $2,941 $6,833 $15,132 $19,135
2010 $2,437 $6,323 $12,641 $17,873
2009 $1,898 $5,827 $9,881 $16,422
2008 $2,111 $6,153 $9,424 $15,694
2007 $1,531 $5,590 $7,222 $14,397
2006 $1,183 $5,271 $6,001 $13,179
2005 $1,034 $4,866 $5,284 $12,296
2004 $897 $4,378 $4,169 $11,103
2003 $682 $3,960 $3,671 $10,303
2002 $571 $3,633 $4,150 $10,030
2001 $507 $3,311 $6,383 $10,719
2000 $441 $3,045 $6,988 $10,929
1999 $399 $2,910 $7,371 $10,938
1998 $579 $2,965 $7,837 $11,002
1997 $657 $3,136 $7,436 $10,461
1996 $575 $3,021 $6,398 $9,524
1995 $594 $3,146 $6,050 $8,906
1994 $574 $3,111 $5,508 $8,897
1993 $797 $4,394 $4,753 $8,162
1992 $778 $4,337 $4,102 $7,808
1991 $1,038 $5,980 $3,589 $7,112
1990 $1,207 $6,895 $2,995 $6,683
1989 - - $2,734 -
1988 - - $2,677 -
1987 - - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Uruguay ranks 61st at $36,418.

Economic indicators

Moldova Uruguay
Gross domestic product
$18.2B
2024
$81B
2024
GDP rank
134/197
2024
81/197
2024
GDP growth
0.1%
2023-2024
3.11%
2023-2024
GDP per capita
$7,576
2024
$23,907
2024
GDP per capita rank
99/197
2024
52/197
2024
GDP per capita, PPP
$18,615
2024
$36,418
2024
GDP per capita PPP rank
100/197
2024
61/197
2024
Government debt
$7.06B
2024
$55.6B
2024
Debt-to-GDP ratio
38.8%
2024
68.7%
2024
Government debt per person
$2,938
2024
$16,421
2024
Government debt per person rank
102/185
2024
38/185
2024
Average annual personal income after taxes
$4,291
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
22.8%
2023
30%
2024
Income share by poorest 10%
4.3%
2023
2.2%
2024
Government expenditure, % of GDP
38%
2024
31.1%
2024
Consumer prices inflation
4.68%
2023-2024
4.85%
2023-2024
Central bank interest rate
6%
2025
8.25%
2025
Unemployment rate
1.43%
2024
8.21%
2024
Population
2341166
3382789

Spending and national debt comparison by year

Moldova
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Moldova Uruguay
Government spending Government debt Government spending Government debt
2024 38% 38.8% 31.1% 68.7%
2023 38.8% 34.9% 30.5% 64%
2022 36.6% 35% 30% 59.9%
2021 34.6% 33.6% 30.2% 64.1%
2020 36.7% 36.6% 32.8% 68.2%
2019 32% 28.8% 30.6% 59.6%
2018 31.5% 31.8% 30.3% 57.9%
2017 31% 34.9% 29.7% 55.8%
2016 30.5% 39.7% 29.7% 56.4%
2015 31.7% 42.1% 28.4% 57.8%
2014 33.8% 35.4% 29.1% 51.1%
2013 32.4% 30% 28.8% 50%
2012 33.7% 31.3% 27.7% 49.8%
2011 32.6% 24.2% 26.3% 41.3%
2010 34.1% 25.5% 27.4% 40.9%
2009 45.3% 32.6% 27.2% 46.2%
2008 41.5% 22.2% 26.3% 46.2%
2007 42.7% 28.3% 26.8% 52.8%
2006 40.3% 35% 26.8% 61.1%
2005 37.1% 40.4% 26.3% 66.2%
2004 34.8% 49.3% 26.6% 73.7%
2003 33.5% 68.1% 27.7% 91.9%
2002 30.7% 80.3% 27.6% 90.1%
2001 29.5% 85.4% 27.8% 39.4%
2000 34% 89.1% 26.6% 30.5%
1999 33% 150.7% 27.2% 24.1%
1998 39.1% 159.4% 27.3% 19.4%
1997 46% 89% 27.6% 18.8%
1996 43.3% 87.5% 26.5% 18.3%
1995 42% 79.5% 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 68.7% in Uruguay, ranking 137/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Uruguay
1x
Year Deficit/surplus, % of GDP
Moldova Uruguay
2024 -3.88% -3.22%
2023 -5.13% -3.13%
2022 -3.24% -2.52%
2021 -2.62% -2.61%
2020 -5.32% -4.64%
2019 -1.47% -2.71%
2018 -0.85% -1.89%
2017 -0.65% -2.51%
2016 -1.56% -2.68%
2015 -1.93% -1.86%
2014 -1.6% -2.6%
2013 -1.57% -1.72%
2012 -1.93% -2.17%
2011 -2.05% -0.33%
2010 -2.18% -0.39%
2009 -6.38% -1.39%
2008 -0.87% -1.31%
2007 0.15% -0.16%
2006 -0.42% -0.64%
2005 1.44% -0.28%
2004 0.59% -0.87%
2003 0.47% -2.19%
2002 -1.18% -3.19%
2001 -0.34% -2.85%
2000 -3.55% -2.76%
1999 -2.64% -2.76%
1998 -1.52% -0.76%
1997 -7.47% -0.97%
1996 -7.42% -1.32%
1995 -2.58% -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/moldova/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Uruguay ran a deficit in 30 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 1.92% of GDP for Uruguay.

Inflation comparison by year

Inflation
Moldova

Uruguay
1x
Year Consumer prices inflation
Moldova Uruguay
2024 4.68% 4.85%
2023 13.4% 5.87%
2022 28.7% 9.1%
2021 5.11% 7.75%
2020 3.77% 9.76%
2019 4.84% 7.88%
2018 3.05% 7.61%
2017 6.57% 6.22%
2016 6.36% 9.64%
2015 9.68% 8.67%
2014 5.09% 8.88%
2013 4.6% 8.58%
2012 4.55% 8.1%
2011 7.69% 8.09%
2010 7.48% 6.7%
2009 -0.06% 7.06%
2008 12.8% 7.88%
2007 12.4% 8.11%
2006 12.8% 6.4%
2005 12% 4.7%
2004 12.5% 9.16%
2003 11.7% 19.4%
2002 5.3% 14%
2001 9.76% 4.36%
2000 31.3% 4.76%
1999 39.3% 5.66%
1998 7.7% 10.8%
1997 11.8% 19.8%

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

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

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 8.56% in Uruguay. In 2024, inflation was 4.68% in Moldova and 4.85% in Uruguay.

Top exports between countries

Moldova
Export category Export value
Textiles & consumer goods $8K
Metals $5K
Chemicals & pharma $4K
Machinery & equipment $4K
Uruguay
Export category Export value
Animal & marine products $1.31M

Balance of trade

Moldova Uruguay
Current account balance
-$3.01B
2024
-$633M
2024
Current account balance ranking
156/190
2024
111/190
2024
Current account balance, % of GDP
-16.6%
2024
-0.78%
2024
Goods imports
$8.63B
2024
$13B
2024
Goods exports
$3.01B
2024
$16.3B
2024
Service imports
$1.8B
2024
$6.22B
2024
Service exports
$2.73B
2024
$7.1B
2024
Imports of goods and services, % of GDP
57.3%
2024
23.7%
2024
Exports of goods and services, % of GDP
31.4%
2024
28.8%
2024

Economic freedom indices

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

Moldova Uruguay
Economic freedom 58.1 69.8
Economic freedom ranking 112/197 39/197
Property rights 40.4 87.4
Government integrity 45.1 79
Judicial effectiveness 32.4 80.9
Tax burden 87.9 73.3
Government spending 57.2 72
Fiscal health 70.3 76.6
Business freedom 68.3 83.8
Labor freedom 48.1 61.7
Monetary freedom 66 70.2
Trade freedom 76.8 73.2
Investment freedom 55 50
Financial freedom 50 30

Economic freedom comparison by year

Moldova
Uruguay
1x
Year Economic freedom index
Moldova Uruguay
2026 58.1 69.8
2025 58.3 70.2
2024 57.1 69.8
2023 58.5 70.2
2022 61.3 70
2021 62.5 69.3
2020 62 69.1
2019 59.1 68.6
2018 58.4 69.2
2017 58 69.7
2016 57.4 68.8
2015 57.5 68.6
2014 57.3 69.3
2013 55.5 69.7
2012 54.4 69.9
2011 55.7 70
2010 53.7 69.8
2009 54.9 69.1
2008 57.9 67.9
2007 58.7 68.4
2006 58 65.3
2005 57.4 66.9
2004 57.1 66.7
2003 60 69.8
2002 57.4 68.7
2001 54.9 70.7
2000 59.6 69.3
1999 56.1 68.5
1998 53.5 68.6
1997 48.9 67.5
1996 52.5 63.7
1995 33 62.5

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

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Moldova Uruguay
Services, % of GDP
62.3%
2024
65.3%
2024
Industry, % of GDP
16.8%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
6.42%
2024
GNI, Atlas method
$16.5B
2024
$73.3B
2024
GNI per capita, PPP
$18,710
2024
$34,170
2024
Total reserves including gold
$5.48B
2024
$17.4B
2024
Total reserves ranking
96/177
2024
66/177
2024
Net foreign direct investment
-$360M
2024
$2.58B
2024
Net inflows of foreign direct investment
$458M
2024
-$3.94B
2024
Net outflows of foreign direct investment
$98.4M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
n/a
Poverty at national poverty lines
31.6%
2023
17.3%
2024
Gross capital formation, % of GDP
21.1%
2024
15.6%
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/uruguay | CC BY

Compare countries by 7 more topics

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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 (1955–1998, 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 (2022–2024, 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.