Balance of Payments in January - September 2000
21.11.2000
In the first nine months of 2000, the current account recorded a USD 593 million deficit, 19.8 percent
lower year on year. Behind this development stood the following factors: (i) the 16.3 percent increase in
the trade deficit, (ii) the 35.6 percent decline in the services deficit, (iii) the 17.6 percent reduction
in the incomes deficit, and (iv) the 28.1 percent rise in the surplus under current transfers.
|
|
1999 (January - September)
|
2000 (January - September) |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 7,802
| 8,541
| -739
| 9,714
| 10,307
| -593
|
| A. Goods and Services
| 7,129
| 7,985
| -856
| 8,856
| 9,739
| -883
|
| a. Goods fob (exports-imports fob)
| 6,142
| 6,782
| -640
| 7,627
| 8,371
| -744
|
| b. Services
| 987
| 1,203
| -216
| 1,229
| 1,368
| -139
|
| - Transportation
| 380
| 374
| 6
| 463
| 460
| 3
|
| - Tourism
| 196
| 255
| -59
| 261
| 283
| -22
|
| - Other services
| 411
| 574
| -163
| 505
| 625
| -120
|
| B. Incomes
| 115
| 422
| -307
| 161
| 414
| -253
|
| C. Current transfers
| 558
| 134
| 424
| 697
| 154
| 543
|
The current account deficit as of 30 September 2000 accounted for 38.5 percent of the full-year
projected deficit of USD 1,539 million (following the September revisions).
In the first nine months of the year, Romania's external debt
posted a 1.5 percent increase to USD 9,153.4 million at end-September. In the same period, the medium- and
long-term debt rose by 1.8 percent to USD 8,786.5 million, whereas short-term debt fell by 4.8
percent to USD 366.9 million.
Public and publicly guaranteed debt as of 30 September 2000 stood at USD 6,262.6 million, accounting
for 71.3 percent of the medium- and long-term debt (against 71.6 percent on 31 December 1999). In the
first nine months of the year, private debt rose by 3 percent to reach USD 2,523.9 million at
end-September 2000.
Debt service ratio (computed as a ratio between external debt service and exports of goods and services)
was 17.9 percent as of 30 September 2000 compared with 35.9 percent at end-1999.