Moldova External Debt
Total external debt stocks DT.DOD.DECT.CD
Moldova's external debt was $11.6B in 2025, ranked 66th globally. This represents a 10.5% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Moldova's external debt stood at $11.6B in 2025, a rise of +$1.1B from 2024. Based on recent trends, this figure is projected to reach $11.6B by 2025. Moldova ranked 66th globally.
Moldova’s external debt has risen dramatically since the early 1990s, expanding from a modest 38,504,010.00 in 1992 to an all‑time peak of 11,588,538,224.81 in 2025, placing the country 66th globally. This 302‑fold increase reflects successive borrowing cycles tied to fiscal deficits, infrastructure projects and external financing needs, especially after the 2008 global financial crisis and the 2014‑2015 energy price shock. Compared with peers of similar rank, Moldova’s debt level is close to Iran’s 11,357,703,713.82 and slightly below Albania’s 11,015,085,102.81, while remaining lower than the Kyrgyz Republic’s 12,008,811,259.71 and Azerbaijan’s 12,234,412,684.75. The 34‑year coverage period shows a sustained upward trajectory, suggesting that without significant fiscal consolidation or a shift toward domestic financing, the external debt stock is likely to continue growing, albeit at a potentially slower pace if economic reforms boost growth and reduce borrowing needs.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $12.9B | - | - |
| 2026* trend | $12.3B | - | - |
| 2025* trend | $11.6B | - | - |
| 2025 | $11.6B | +$1.1B | #66 |
| 2024 | $10.5B | −$171.6M | #51 |
| 2023 | $10.7B | +$910.6M | #54 |
| 2022 | $9.8B | +$684.4M | #54 |
| 2021 | $9.1B | +$1.1B | #51 |
| 2020 | $7.9B | +$637.0M | #50 |
| 2019 | $7.3B | +$25.5M | #53 |
| 2018 | $7.3B | +$317.9M | #53 |
| 2017 | $7.0B | +$749.9M | #51 |
| 2016 | $6.2B | +$123.3M | #51 |
| 2015 | $6.1B | +$243.5M | #50 |
| 2014 | $5.9B | −$352.9M | #52 |
| 2013 | $6.2B | +$884.0M | #50 |
| 2012 | $5.3B | +$103.2M | #52 |
| 2011 | $5.2B | +$492.2M | #54 |
Detected Pattern
Analysis
Moldova matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Moldova's external debt was $11.6B in 2025. Ranked 66th globally. This represents a 10.5% increase from the previous year.
Moldova's external debt peaked at $11.6B in 2025.
The lowest external debt in Moldova was $38.5M in 1992.
Moldova ranks 66th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Moldova's external debt is projected to reach $11.6B by 2025 based on trend extrapolation.
Moldova's external debt was approximately 11.59 billion ($11.6B) in 2025.
The external debt of Moldova in 2025 was $11.6B. This ranks 66th in the world.
Cite this page
@misc{historysaid_moldova_external-debt,
title = {Moldova External Debt},
url = {https://historysaid.com/moldova/external-debt/},
publisher = {HistorySaid},
year = {2026}
}