Balance of Payments in January 2004
22.03.2004
In January 2004, the balance-of-payments current account posted a deficit of EUR 108 million, up 3.9 times year on year.
- EUR mill. -
| |
January 2003 |
January 2004 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 1,569
| 1,597
| -28
| 1,553
| 1,661
| -108
|
| A. Goods and services
| 1,423
| 1,514
| -91
| 1,396
| 1,607
| -211
|
|---|
| a. Goods (exports fob - imports fob)
| 1,200
| 1,305
| -105
| 1,215
| 1,417
| -202
|
|---|
| b. Services
| 223
| 209
| 14
| 181
| 190
| -9
|
|---|
| - transport
| 82
| 68
| 14
| 82
| 77
| 5
|
|---|
| - tourism - trips
| 23
| 32
| -9
| 25
| 34
| -9
|
|---|
| - other
| 118
| 109
| 9
| 74
| 79
| -5
|
|---|
| B. Incomes
| 27
| 62
| -35
| 18
| 35
| -17
|
|---|
| C. Current transfers
| 119
| 21
| 98
| 139
| 19
| 120
|
|---|
Medium- and long-term external debt ran at EUR 15,345 million, inching up 0.6 percent month on month.
Public and publicly guaranteed external debt amounted to EUR 9,726 million in January 2004, accounting for 63.4 percent of medium- and long-term debt against 63.3 percent at end-2003. Private external debt crept up by 0.5 percent from end-2003 to EUR 5,619 million.
Romania's medium- and long-term external debt at end-January 2004 (by debtor)and debt service in January 2004
- EUR mill. -
| Type of debt |
Balance at 31.12.2003 |
Balance at 31.01.2004* |
Debt service 1.01-31.01.2004* |
|---|
| I. PUBLIC DEBT |
6,469
| 6,472
| 55
|
|---|
| II. PUBLICLY GUARANTEED DEBT |
3,192
| 3,254
| 45
|
|---|
| III. PRIVATE DEBT |
5,590
| 5,619
| 80
|
|---|
| TOTAL EXTERNAL DEBT |
15,251
| 15,345
| 179
|
|---|
* provisional data
External debt service ratio stood at 18.6 percent at end-January against 19.9 percent at end-2003.
At end-January 2004 , import cover increased to 4.6 months from 4 months at end-2003.
Notes:
- External debt balance is subject to monthly revision.
- External debt service ratio is computed as a ratio between medium- and long-term external debt service and exports of goods and services.
- 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.