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Comunicat de presă


Balance of Payments in January - November 2004

21.01.2005

January through November 2004, the balance-of-payments current account showed a deficit of EUR 3,272 million, rising 31.5 percent year on year.

- EUR mill. -
  1 January - 30 Nov. 2003 1 January - 30 Nov. 2004*
CREDIT DEBIT BALANCE CREDIT DEBIT BALANCE
CURRENT ACCOUNT (A+B+C) 18,803 21,292 -2,489 22,581 25,853 -3,272
A. Goods and services 16,791 20,150 -3,359 19,974 24,567 -4,593
  a. Goods (exports fob - imports fob) 14,375 17,803 -3,428 17,376 21,831 -4,455
  b. Services 2,416 2,347 69 2,598 2,736 -138
        - transport 971 894 77 1,137 1,090 47
        - tourism - travel 355 383 -28 376 410 -34
        - other 1,090 1,070 20 1,085 1,236 -151
B. Incomes 260 875 -615 282 936 -654
C. Current transfers 1,752 267 1,485 2,325 350 1,975

* provisional data

Medium- and long-term external debt1, at end-November 2004 equalled EUR 17,556 million, 12.1 percent higher compared with end-2003.

Public and publicly guaranteed external debt totalled EUR 10,071 million at end-November, accounting for 57.4 percent of medium- and long-term debt compared with 61.8 percent at end-2003. External private debt came in at EUR 7,485 million, up 25 percent compared with end-2003.

Romania's medium- and long-term external debt* at end-November 2004 (by debtor)
and debt service January through November 2004
- EUR mill. -
Type of debt Balance 31.12.2003 Balance 30.11.2004** Debt service** 1.01-30.11.2004
I. PUBLIC DEBT 6,470 6,440 694
II. PUBLICLY GUARANTEED DEBT 3,206 3,631 887
III. PRIVATE DEBT 5,989 7,485 1,464
TOTAL EXTERNAL DEBT 15,665 17,556 3,045

* external debt resulting from external loans and credits, bonds a.s.o.

** provisional data

January through November 2004, external debt service ratio2 ran at 19.7 percent compared with 20.6 percent at end-2003.

At end-November 2004, import cover3 rose to 4.9 months compared with 4.1 months at end-2003.

Notes:

  1. External debt balance is subject to monthly revision.
  2. External debt service ratio is computed as a ratio between medium- and long-term external debt service and exports of goods and services.
  3. Import cover is computed as a ratio between official reserves of the NBR (foreign exchange + gold) at the end of period and average imports of goods and services for the period under review.
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