Share of financial assets in Moldova’s GDP is increasing
Moldova’s financial assets that include the bank deposits, securities in circulation, corporate bonds and the internally held public debt came to 37.1 billion lei in 2007.
According to the Rating and Estimation Agency “Estimator-VM”, the financial assets at the end of 2007 made up 69.52% of the Gross Domestic Product, an increase of about 13.6% compared with 2005-2006.
According to experts of “Estimator-VM”, if the ratio between the financial assets and the GDP is high, the economy of a state is considered stable and with more chances of developing. The share of the financial assets in Moldova’s GDP is rather small compared with the developed countries.
Late last year, the interest-yielding bank deposits made up about 55% of Moldova’s financial assets, totaling 20.273 billion lei. The securities in circulation made up 35% of the financial assets, adding up to 13.063 billion lei. The internally held public debts came to 3.748 billion lei, making up 10% of the assets.
According to a study of the financial market made by the U.S. McKinsey Global Institute, the value of the total financial assets of over 100 countries in 2006 was 3.46 times higher than the total value of the GDP of the given economies // Reporter.MD
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