Balance of Payments in January - May 2005
21.07.2005
January through May 2005, the balance-of-payments current account showed a deficit of EUR 2,178 million, up 71.5 percent year on year.
- EUR mill. -
| |
January - May 2004* |
January - May 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 9,596
| 10,866
| -1,270
| 11,448
| 13,626
| -2,178
|
| A. Goods and services
| 8,449
| 10,053
| -1,604
| 10,046
| 12,584
| -2,538
|
| a. Goods (exports fob - imports fob)
| 7,393
| 8,972
| -1,579
| 8,667
| 10,979
| -2,312
|
| b. Services
| 1,056
| 1,081
| -25
| 1,379
| 1,605
| -226
|
| - transport
| 481
| 444
| 37
| 422
| 568
| -146
|
| - tourism - travel
| 148
| 167
| -19
| 243
| 207
| 36
|
| - other
| 427
| 470
| -43
| 714
| 830
| -116
|
| B. Incomes
| 121
| 654
| -533
| 222
| 846
| -624
|
| C. Current transfers
| 1,026
| 159
| 867
| 1,180
| 196
| 984 |
* provisional data
Medium- and long-term external debt1, at end-May 2005 equalled EUR 21,116 million, 16.4 percent higher compared to end-2004.
Public and publicly guaranteed external debt totalled EUR 10,877 million at end-May 2005, accounting for 51.5 percent of medium-and long-term debt against 55.4 percent at end-2004. Non-publicly guaranteed external debt came in at EUR 9,319 million, up 20.7 percent against end-2004.
Romania's medium- and long-term external debt at end-May and external debt service January - May 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
External debt service |
| Balance as of 31.12.2004 |
Balance as of 31.05.2005
| January - May 2005 |
| I. PUBLIC DEBTa) |
6,369
| 6,646
| 195
|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
3,671
| 4,231
| 296
|
| - public sector
| 3,489
| 4,056
| 283
|
| - private sectorb)
| 182
| 175
| 13
|
III. NON-PUBLICLY GUARANTEED DEBT
of which:
|
7,723
| 9,319
| 867
|
| - public sector
| 381
| 445
| 22
|
| - private sectorb)
| 7,342
| 8,874
| 845
|
| Total external debt from medium- and long-term loans |
17,763
| 20,196
| 1,358
|
| Medium- and long-term deposits of non-residentsc) |
376
| 920
| 59*
|
| Total medium- and long-term external debt |
18,139
| 21,116
| 1,417 |
* 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
c)the balance of medium- and long-term deposits of foreign banks with resident banks
January through May 2005, external debt service ratio2 ran at 34.2 percent against 22.7 percent at end-2004.
At end-May 2005, import cover3 rose to 5.7 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 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.