Balance of Payments in January - November 2002
23.01.2003
At end-December 2002, the balance of payments current account showed a deficit of USD 1,573 million, down 29.2 percent from the same year-ago period.
- USD million -
| |
2001 |
2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 15,290
| 17,513
| -2,223
| 18,376
| 19,949
| -1,573
|
| A. Goods and services
| 13,418
| 16,502
| -3,084
| 16,201
| 18,841
| -2,640
|
|---|
| a. Goods (exports fob - imports fob)
| 11,385
| 14,354
| -2,969
| 13,869
| 16,482
| -2,613
|
|---|
| b. Services
| 2,033
| 2,148
| -115
| 2,332
| 2,359
| -27
|
|---|
| - transport
| 828
| 733
| 95
| 964
| 873
| 91
|
|---|
| - tourism
| 362
| 449
| -87
| 335
| 396
| -61
|
|---|
| - other services
| 843
| 966
| -123
| 1,033
| 1,090
| -57
|
|---|
| B. Incomes
| 455
| 737
| -282
| 367
| 836
| -469
|
|---|
| C. Current transfers
| 1,417
| 274
| 1,143
| 1,808
| 272
| 1,536
|
|---|
Medium- and long-term external debt expanded by 26.5 percent versus December 2001 and totalled USD 15,084 million at end-December 2002.
Public and publicly guaranteed debt amounted to USD 9,503 million at end-December 2002, accounting for 63 percent of the medium- and long-term debt (against 64.7 percent at end-December 2001). At end-December 2002, external private debt added 32.7 percent, reaching USD 5,581 million.
Romania's medium- and long-term debt at end-November 2002 (provisional data)
- USD million -
| Type of debt |
Balance at 31.12.2001 |
Balance at 31.12.2002 |
Debt service 1.01-31.12.2002 |
|---|
| I. Public debt |
4,986
| 6,292
| 990
|
|---|
| II. Publicly guaranteed debt |
2,734
| 3,211
| 1,084
|
|---|
| III. Private debt |
4,205
| 5,581
| 964
|
|---|
| Total external debt |
11,925
| 15,084
| 3,038
|
|---|
At end-December 2002, medium- and long-term debt service ratio stood at 18.8 percent, against 18.4 percent at end-2001.
Import cover increased from 3.5 months at end-2001 to 4.7 months at end-December 2002.