The IT industry in Moldova is undoubtedly the most dynamic and fastest growing economic sector in Moldova, which offers the highest salaries, employs the youth and the creative people, digitally transforms the entire society and is a Government top priority. The information and communications technology industry has become one of the locomotives of economic growth in the Republic of Moldova in 2019. As expected, the incentives offered by the innovative IT virtual Park legislation (7% single tax on turnover) gave a significant boost to the ICT sector Development. At the same time, the country's rising position in international ICT ranking plays an instrumental role in building a regionally and globally competitive economy.
During 2015-2019, the IT industry recorded a triple increase of the annual sales revenue - from $122 M to $380 M, representing 3.1% of GDP and an increase of over $77 M, only in 2019.
The volume of exports of ICT products and services exceeded $255 M in 2019, exceeding export sales of alcoholic beverages and wines. The IT sector’s share is already comparable to the entire agricultural sector of the country, which continues to play an important role in the economy.
There has been a qualitative transformation of the ICT sector from Internet access networks and services to the highest value-added, export-oriented IT products and services. The positive evolution in the ICT sector is accompanied by an increase in the number of companies to 2,300, and of the employed staff to 29,600 people, ensuring the best level of salary in the economy. According to MIA estimations, the IT industry employs over 15,000 professionals, servicing mainly European and US markets. The service focus is across multiple industries, especially in Government, Banking and Telecom sectors.
Fiber optic and wireless broadband internet, including mobile internet, is available in most of the urban and rural areas of the country (PoP- 98%) at some of the highest speeds in Europe and at some of the lowest prices. The world launch of 3G and 4G technologies took place namely in the Republic of Moldova.