Balance of Payments in January - October 2005
22.12.2005
January through October 2005, the balance-of-payments current account posted a deficit of EUR 4,891 million, rising 38.6 percent year on year.
- EUR mill. -
| |
1 Jan. - 31 Oct. 2004* |
1 Jan. - 31 Oct. 2005** |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 21,064
| 24,593
| -3,529
| 25,875
| 30,766
| -4,891
|
| A. Goods and services
| 18,075
| 21,899
| -3,824
| 21,568
| 27,582
| -6,014
|
|---|
| a. Goods (exports fob - imports fob)
| 15,735
| 19,440
| -3,705
| 18,392
| 24,115
| -5,723
|
|---|
| b. Services
| 2,340
| 2,459
| -119
| 3,176
| 3,467
| -291
|
|---|
| - transport
| 1,018
| 969
| 49
| 911
| 1,266
| -355
|
|---|
| - tourism - travel
| 346
| 370
| -24
| 688
| 543
| 145
|
|---|
| - other
| 976
| 1,120
| -144
| 1,577
| 1,658
| -81
|
|---|
| B. Incomes
| 259
| 2,373
| -2,114
| 1,018
| 2,794
| -1,776
|
|---|
| C. Current transfers
| 2,730
| 321
| 2,409
| 3,289
| 390
| 2,899
|
|---|
* revised data
** provisional data
Medium- and long-term external debt1,
at end-October 2005 stood at EUR 23,471 million, 28.3 percent higher than at end-2004.
Public and publicly guaranteed external debt totalled EUR 11,491 million at end-October 2005, accounting for 49 percent of medium- and long-term debt against 54.9 percent at end-2004.
Non-publicly guaranteed external debt came in at EUR 11,036 million, up 40.3 percent from end-2004.
Romania's medium- and long-term external debt at end-October 2005
and external debt service January through October 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
External debt service |
|---|
| Balance at 31/12/2004 |
Balance at 31/10/2005
| 1/01-31/10/2005 |
| I. PUBLIC DEBTa) |
6,370
| 7,212
| 546
|
|---|
II. PUBLICLY GUARANTEED DEBTa),
of which:
|
3,676
| 4,279
| 675
|
|---|
| - public sector
| 3,494
| 4,119
| 645
|
|---|
| - private sectorb)
| 182
| 160
| 30
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT,
of which:
|
7,868
| 11,036
| 1,884
|
|---|
| - public sector
| 384
| 538
| 46
|
|---|
| - private sectorb)
| 7,484
| 10,498
| 1,838
|
|---|
| Total external debt resulting from medium- and long-term loans |
17,914
| 22,527
| 3,105
|
|---|
| Medium- and long-term deposits of non-residents |
376
| 944
| 213*
|
|---|
| Total medium- and long-term external debt |
18,290
| 23,471
| 3,318
|
|---|
* estimates
a) loans taken or guaranteed by the Ministry of Public Finance in compliance with Public Debt Act
b)financial and non-financial entities with majority private capital
January through October 2005,
external debt service ratio2 ran at 15.4 percent against 18.4 percent at end-2004.
At end-October 2005,
import cover3 rose to 6.5 months versus 5.2 months at end-2004.
Notes:
- External debt balance is subject to monthly revision.
- External debt service ratio is computed as a ratio of medium- and long-term external debt service to exports of goods and services.
- Import cover is computed as a ratio of official reserves of the NBR (foreign exchange + gold) at end of period to average imports of goods and services for the period under review.