Balance of Payments in January 2005
25.03.2005
In January 2005, the balance-of-payments current account exhibited a deficit of EUR 136 million, widening by 67.9 percent year on year.
- EUR mill. -
| |
January 2004* |
January 2005* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 1,660
| 1,741
| -81
| 2,047
| 2,183
| -136
|
| A. Goods and services
| 1,401
| 1,633
| -232
| 1,729
| 1,985
| -256
|
| a. Goods (exports fob - imports fob)
| 1,218
| 1,447
| -229
| 1,510
| 1,742
| -232
|
| b. Services
| 183
| 186
| -3
| 219
| 243
| -24
|
| - transport
| 83
| 77
| 6
| 73
| 92
| -19
|
| - tourism - travel
| 25
| 28
| -3
| 37
| 33
| 4
|
| - other
| 75
| 81
| -6
| 109
| 118
| -9
|
| B. Incomes
| 18
| 83
| -65
| 43
| 169
| -126
|
| C. Current transfers
| 241
| 25
| 216
| 275
| 29
| 246 |
* provisional data
Medium- and long-term external debt1, at end-January 2005 totalled EUR 18,004 million, up 2.4 percent against end-2004.
Public and publicly guaranteed external debt came in at EUR 10,321 million at end-January 2005, holding 57.3 percent of medium- and long-term debt as compared to 57 percent at end-2004. Non-publicly guaranteed external debt equalled EUR 7,683 million at end-January 2005, 1.6 percent higher than at end-2004.
Romania's medium- and long-term external debt* at end-January 2005 and external debt service in January 2005
- EUR mill., provisional data -
| |
Medium- and long-term external debt |
Debt service |
| Balance at 31/12/2004 |
Balance at 31/01/2005
| January 2005 |
| I. PUBLIC DEBT** |
6,359
| 6,475
| 33
|
II. PUBLICLY GUARANTEED DEBT***,
of which:
|
3,667
| 3,846
| 55
|
| - public sector
| 3,482
| 3,660
| 54
|
| - private sector
| 185
| 186
| 1
|
III. NON-PUBLICLY GUARANTEED DEBT
of which:
|
7,560
| 7,683
| 110
|
| - public sector
| 384
| 393
| 1
|
| - private sector
| 7,176
| 7,290
| 109
|
| TOTAL EXTERNAL DEBT |
17,586
| 18,004
| 198 |
* 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
In January 2005, external debt service ratio2 stood at 16.9 percent as compared to 21.9 percent in 2004.
At end-January 2005, import cover3 rose to 6.2 months of imports against 5.2 months of imports at end-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.