Balance of Payments in January - July 2005
21.09.2005
January through July 2005, the balance-of-payments current account displayed a deficit of EUR 2,952 million, up 56.4 percent year on year.
- EUR mill. -
| |
January-July 2004* |
January-July 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 14,180
| 16,067
| -1,887
| 17,173
| 20,125
| -2,952
|
| A. Goods and services
| 12,429
| 14,876
| -2,447
| 14,645
| 18,489
| -3,844
|
|---|
| a. Goods (exports fob - imports fob)
| 10,874
| 13,260
| -2,386
| 12,522
| 16,150
| -3,628
|
|---|
| b. Services
| 1,555
| 1,616
| -61
| 2,123
| 2,339
| -216
|
|---|
| - transport
| 699
| 653
| 46
| 629
| 844
| -215
|
|---|
| - tourism - travel
| 222
| 249
| -27
| 411
| 325
| 86
|
|---|
| - other
| 634
| 714
| -80
| 1,083
| 1,170
| -87
|
|---|
| B. Incomes
| 162
| 977
| -815
| 363
| 1,374
| -1,011
|
|---|
| C. Current transfers
| 1,589
| 214
| 1,375
| 2,165
| 262
| 1,903
|
|---|
* provisional data
Medium- and long-term external debt1,
at end-July 2005 stood at EUR 22,082 million, up 21.6 percent compared to end-2004.
Public and publicly guaranteed external debt equalled EUR 11,411 million at end-July 2005, accounting for 51.7 percent of medium- and long-term debt against 55.3 percent at end-2004.
Non-publicly guaranteed external debt came in at EUR 10,671 million at end-July 2005, 31.4 percent higher from end-2004.
Romania's medium- and long-term external debt at end-July 2005 and external debt service for January-July 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
External debt service |
|---|
| Balance at end-2004 |
Balance at end-July 2005
| January-July 2005 |
| I. PUBLIC DEBTa) |
6,369
| 7,179
| 457
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
3,668
| 4,232
| 512
|
|---|
| - public sector
| 3,486
| 4,059
| 496
|
|---|
| - private sectorb)
| 182
| 173
| 16
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT
of which:
|
7,743
| 9,743
| 1,160
|
|---|
| - public sector
| 383
| 460
| 28
|
|---|
| - private sectorb)
| 7,360
| 9,283
| 1,132
|
|---|
| Total external debt from medium- and long-term loans |
17,780
| 21,154
| 2,129
|
|---|
| Medium- and long-term deposits of non-residents |
376
| 928
| 164*
|
|---|
| Total medium- and long-term external debt |
18,156
| 22,082
| 2,293
|
|---|
* estimates
a) loans taken or guaranteed by the MoPF in compliance with Public Debt Act
b)financial and non-financial entities with majority private capital
January through July 2005,
external debt service ratio2 ran at 15.7 percent at end-July 2005 against 18.4 percent at end-2004.
At end-July 2005,
import cover3 rose to 6.1 months compared to 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 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 monthly imports of goods and services for the period under review.