Balance of Payments in January - September 2001
21.11.2001
At end-September 2001, the balance-of-payments current account posted a deficit of USD 1,378 million compared with USD 798 million in the same year-ago period. This development was attributable to the joint action of the following factors: (i) the 72.7 per cent widening of the deficit under goods and services; (ii) the 22.6 per cent narrowing of the income deficit; and (iii) the 27.4 per cent increase in the surplus under current transfers.
- USD million -
|
|
January - September 2000
|
January - September 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 9,760
| 10,558
| -798
| 11,309
| 12,687
| -1,378
|
| A. Goods and services
| 8,850
| 9,975
| -1,125
| 10,069
| 11,994
| -1,925
|
| a. Goods (exports fob - imports fob)
| 7,612
| 8,526
| -914
| 8,667
| 10,456
| -1,789
|
| b. Services
| 1,238
| 1,449
| -211
| 1,402
| 1,538
| -136
|
| - Transport
| 463
| 470
| -7
| 530
| 557
| -27
|
| - Tourism
| 261
| 286
| -25
| 208
| 268
| -60
|
| - Others
| 514
| 693
| -179
| 664
| 713
| -49
|
| B. Incomes
| 167
| 428
| -261
| 288
| 490
| -202
|
| C. Current transfers
| 743
| 155
| 588
| 952
| 203
| 749
|
Medium- and long-term external debt expanded by 10.5 per cent during January - September 2001 and amounted to USD 11,194 million.
At end-September public and publicly guaranteed debt ran at USD 7,619 million, making up 68.1 per cent of the medium- and long-term debt, the same share as at end-December 2000. Private external debt moved 10.6 per cent higher in the first nine months of 2001, and edged at USD 3,575 million at end-September.
Medium- and long-term debt service ratio (computed as a ratio between medium- and long-term external debt service and exports of goods and services) stood at 14.9 per cent at end-September 2001 versus 16.1 per cent at end-2000.