Balance of Payments in January - February 2005
25.04.2005
January through February 2005, the balance-of-payments current account exhibited a deficit of EUR 516 million, i.e. 2.5 times higher than in the same year-ago period.
- EUR mill. -
| |
1 Jan. - 29 Feb. 2004* |
1 Jan. - 28 Feb. 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 3,537
| 3,742
| -205
| 4,151
| 4,667
| -516
|
| A. Goods and services
| 3,108
| 3,511
| -403
| 3,623
| 4,274
| -651
|
|---|
| a. Goods (exports fob - imports fob)
| 2,713
| 3,122
| -409
| 3,160
| 3,734
| -574
|
|---|
| b. Services
| 395
| 389
| 6
| 463
| 540
| -77
|
|---|
| - transport
| 192
| 157
| 35
| 148
| 189
| -41
|
|---|
| - tourism - travel
| 50
| 58
| -8
| 77
| 67
| 10
|
|---|
| - other
| 153
| 174
| -21
| 238
| 284
| -46
|
|---|
| B. Incomes
| 45
| 176
| -131
| 88
| 330
| -242
|
|---|
| C. Current transfers
| 384
| 55
| 329
| 440
| 63
| 377
|
|---|
* provisional data
Medium- and long-term external debt1,
at end-February 2005 amounted to EUR 19,096 million, up 7.9 percent against end-December 2004.
Public and publicly guaranteed external debt came in at EUR 10,433 million at end-February 2005, accounting for 54.6 percent of medium- and long-term debt as compared to 56.7 percent at end-December 2004. Non-publicly guaranteed external debt equalled EUR 8,663 million at end-February 2005, up 13 percent against end-December 2004.
Romania's medium- and long-term external debt* at end-February 2005 and external debt service January through February 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
Debt service |
|---|
| Balance at 31.12.2004 |
Balance at 28.02.2005
| 1.01 - 28.02.2005 |
| I. PUBLIC DEBT** |
6,369
| 6,489
| 63
|
|---|
II. PUBLICLY GUARANTEED DEBT***,
of which: |
3,668
| 3,944
| 114
|
|---|
| - public sector
| 3,484
| 3,758
| 113
|
|---|
| - private sector
| 184
| 186
| 1
|
|---|
III. NON-PUBLICLY GUARANTEED DEBT
of which:
|
7,663
| 8,663
| 214
|
|---|
| - public sector
| 385
| 416
| 3
|
|---|
| - private sector
| 7,278
| 8,247
| 211
|
|---|
| TOTAL EXTERNAL DEBT |
17,700
| 19,096
| 391
|
|---|
* external debt resulting from external loans and borrowings, bonds a.s.o.
** loans taken in compliance with Public Debt Act
***loans guaranteed in compliance with Public Debt Act
January through February 2005,
external debt service ratio2 stood at 19.1 percent as compared to 21.9 percent in 2004.
At end-February 2005,
import cover3 rose to 6.1 months of imports against 5.2 months of imports at end-December 2004.
Notes:
- External debt balance is subject to monthly revision.
- External debt service ratio is computed as a ratio of 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 monthly imports of goods and services for the period under review.