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MoldovaECONOMY
General Character: Centralized. Government
efforts to
privatize and establish market economy slow.
National Material Product (NMP): In 1991 about
US$13.1
billion; real growth rate -11.9 percent in 1992.
Agriculture
accounted for 42 percent of NMP in 1991, followed by
industry
with 38 percent, and other sectors with 24 percent.
Agriculture: State and collective farms
transformed
into joint-stock companies. Primary crops: fruits and
berries,
grains, grapes, tobacco, vegetables, sugar beets,
potatoes, and
sunflowers. Cattle, hogs, poultry, and lambs raised.
Industry: Food, machinery and metalworking,
light
industry, building materials, tractors, and wood products.
Minerals: No commercial mineral deposits.
Energy: Primary energy sources (minor
hydroelectric and
thermal power plants, and firewood) meet only 1 percent of
domestic needs. Highly dependent on Russia for nearly all
oil,
gasoline, coal, and natural gas needed to fuel
electric-power
generation plants.
Foreign Trade: In 1994 nearly three-quarters of
foreign
trade with other members of Commonwealth of Independent
States.
Most imports and the vast majority of exports still
directed
toward territories of former Soviet Union. Imports:
industrial
raw materials, fossil fuels, and manufactured goods.
Exports:
wine and spirits, processed foods, and clothing and
textiles.
Fiscal Year: Calendar year.
Currency and Exchange Rate: The leu (pl., lei),
introduced in November 1993. In January 1995, 4.27 lei per
US$1.
Data as of June 1995
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