Balance of Payments in January - September 2005
25.11.2005
January through September 2005, the balance-of-payments current account posted a deficit of EUR 3,987 million, rising 28.2 percent year on year.
- EUR mill. -
| |
1 Jan. - 30 Sept. 2004* |
1 Jan. - 30 Sept. 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 18,701
| 21,810
| -3,109
| 22,776
| 26,763
| -3,987
|
| A. Goods and services
| 16,065
| 19,401
| -3,336
| 19,313
| 24,369
| -5,056
|
|---|
| a. Goods (exports fob - imports fob)
| 13,995
| 17,209
| -3,214
| 16,463
| 21,284
| -4,821
|
|---|
| b. Services
| 2,070
| 2,192
| -122
| 2,850
| 3,085
| -235
|
|---|
| - transport
| 901
| 861
| 40
| 818
| 1,123
| -305
|
|---|
| - tourism - travel
| 313
| 334
| -21
| 605
| 472
| 133
|
|---|
| - other
| 856
| 997
| -141
| 1,427
| 1,490
| -63
|
|---|
| B. Incomes
| 223
| 2,126
| -1,903
| 517
| 2,049
| -1,532
|
|---|
| C. Current transfers
| 2,413
| 283
| 2,130
| 2,946
| 345
| 2,601
|
|---|
* provisional data
Medium- and long-term external debt1,
at end-September 2005 stood at EUR 22,982 million, 26 percent higher than at end-2004.
Public and publicly guaranteed external debt totalled EUR 11,510 million at end-September 2005, accounting for 50.1 percent of medium- and long-term debt against 55.1 percent at end-2004.
Non-publicly guaranteed external debt came in at EUR 10,525 million, up 34.6 percent from end-2004.
Romania's medium- and long-term external debt at end-September 2005
and external debt service January through September 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
External debt service |
|---|
| Balance at 31/12/2004 |
Balance at 30/09/2005
| 1/01-30/09/2005 |
| I. PUBLIC DEBTa) |
6,370
| 7,204
| 514
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
3,678
| 4,306
| 612
|
|---|
| - public sector
| 3,496
| 4,141
| 587
|
|---|
| - private sectorb)
| 182
| 165
| 25
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT,
of which:
|
7,817
| 10,525
| 1,662
|
|---|
| - public sector
| 384
| 543
| 35
|
|---|
| - private sectorb)
| 7,433
| 9,982
| 1,627
|
|---|
| Total external debt resulting from medium- and long-term borrowings |
17,865
| 22,035
| 2,788
|
|---|
| Medium- and long-term deposits of non-residents |
376
| 947
| 206*
|
|---|
| Total medium- and long-term external debt |
18,241
| 22,982
| 2,994
|
|---|
* estimates
a) loans taken or guaranteed by the Ministry of Public Finance in compliance with Public Debt Act
b)financial and non-financial entities with majority private capital
January through September 2005,
external debt service ratio2 ran at 15.5 percent against 18.4 percent at end-2004.
At end-September 2005,
import cover3 rose to 6.6 months versus 5.2 months at end-2004.
Notes:
- External debt balance is subject to monthly revision.
- External debt service ratio is computed as a ratio of medium- and long-term external debt service to exports of goods and services.
- Import cover is computed as a ratio of official reserves of the NBR (foreign exchange + gold) at end of period to average imports of goods and services for the period under review.