In 2024, the Republic of Moldova drew $344 million in foreign direct investment (FDI), marking a 3.6% decline from $357 million in 2023, according to UNCTAD data. The figure remains well below the post-pandemic peak of $591 million in 2022 (-41.8%) and under the 2019–2024 average of around $395 million (-12.9%).
At the same time, Moldovan investments abroad surged to $100 million, the highest level in recent years, up from $15 million in 2023 (+567%). Analysts suggest this reflects increased regional activity and diversification by local companies, reports BANI.MD.
The FDI stock in Moldova’s economy slightly decreased to $5.39 billion in 2024 (from $5.46 billion in 2023, -1.2%), while the stock of Moldovan investments abroad grew to $494 million (+25%). The combination of weaker inflows and growing outflows indicates a tighter capital balance compared to 2023.
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Regionally, Moldova’s FDI drop was milder than in neighboring countries:
- Romania: $6.20 billion (-15.0%)
- Ukraine: $3.33 billion (-25.8%)
- Bulgaria: $3.09 billion (-38.3%)
- Georgia: $1.3 billion (quadrupled)
- Serbia: $5.64 billion (+14.6%)
FDI inflows to Moldova show a cyclical trend:
- 2019 — $523 million
- 2020 — $150 million
- 2021 — $404 million
- 2022 — $591 million
- 2023 — $357 million
- 2024 — $344 million
After the 2022 rebound, the slowdown in 2023–2024 reflects investor caution amid high capital costs and uncertain external markets.