Balance of Payments in January - July 2004
27.09.2004
January through July 2004, the balance-of-payments current account posted a deficit of EUR 1,754 million, rising 23.6 percent year on year.
- EUR mill. -
| |
1 January - 31 July 2003 |
1 January - 31 July 2004* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 11,675
| 13,094
| -1,419
| 13,998
| 15,752
| -1,754
|
| A. Goods and services
| 10,453
| 12,301
| -1,848
| 12,399
| 14,869
| -2,470
|
| a. Goods (exports fob - imports fob)
| 8,995
| 10,832
| -1,837
| 10,844
| 13,239
| -2,395
|
| b. Services
| 1,458
| 1,469
| -11
| 1,555
| 1,630
| -75
|
| - transport
| 592
| 541
| 51
| 699
| 653
| 46
|
| - tourism - travel
| 198
| 225
| -27
| 222
| 263
| -41
|
| - other
| 668
| 703
| -35
| 634
| 714
| -80
|
| B. Incomes
| 179
| 623
| -444
| 163
| 663
| -500
|
| C. Current transfers
| 1,043
| 170
| 873
| 1,436
| 220
| 1,216 |
* provisional data
At end-July 2004, medium- and long-term external debt totalled EUR 16,995 million, 8.4 percent higher compared to end-2003.
Public and publicly guaranteed external debt amounted to EUR 10,071 million at end-June 2004, accounting for 59.3 percent of medium- and long-term debt against 61.7 percent at end-2003. External private debt increased by 15.3 percent from end-2003 to EUR 6,924 million.
Romania's medium- and long-term external debt at end-July 2004 (by debtor)
and debt service during the January through July 2004
- EUR mill. -
| Type of debt |
Balance 31.12.2003 |
Balance 31.07.2004* |
Debt service* 1.01-31.07.2004 |
| I. PUBLIC DEBT |
6,470
| 6,708
| 483
|
| II. PUBLICLY GUARANTEED DEBT |
3,200
| 3,363
| 638
|
| III. PRIVATE DEBT |
6,004
| 6,924
| 770
|
| TOTAL EXTERNAL DEBT |
15,674
| 16,995
| 1,891 |
* provisional data
At end-July 2004 external debt service ratio stood at 18.4 percent against 20.6 percent at end-2003.
At end-July 2004, import cover was 4.5 months versus 4.1 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.