Balance of Payments in January - October 2004
20.12.2004
January through October 2004, the balance-of-payments current account posted a deficit of EUR 2,634 million, widening by 22.3 percent from the same period a year earlier.
- EUR mill. -
| |
1 January - 31 October 2003 |
1 January - 31 October 2004* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 17,045
| 19,198
| -2,153
| 20,426
| 23,060
| -2,634
|
|---|
| A. Goods and services
| 15,213
| 18,157
| -2,944
| 18,049
| 21,870
| -3,821
|
|---|
| a. Goods (exports fob - imports fob)
| 13,004
| 15,976
| -2,972
| 15,709
| 19,403
| -3,694
|
|---|
| b. Services
| 2,209
| 2,181
| 28
| 2,340
| 2,467
| -127
|
|---|
| - transport
| 881
| 807
| 74
| 1,018
| 969
| 49
|
|---|
| - tourism - travel
| 320
| 389
| -69
| 346
| 378
| -32
|
|---|
| - other
| 1,008
| 985
| 23
| 976
| 1,120
| -144
|
|---|
| B. Incomes
| 241
| 795
| -554
| 257
| 875
| -618
|
|---|
| C. Current transfers
| 1,591
| 246
| 1,345
| 2,120
| 315
| 1,805
|
|---|
* provisional data
Medium- and long-term external debt,
at end-October 2004 amounted to EUR 17,516 million, 11.7 percent higher than at end-2003.
Public and publicly guaranteed external debt equalled EUR 10,197 million at end-October 2004, accounting for 58.2 percent of medium- and long-term debt as compared to 61.7 percent at end-2003. External private debt ran at EUR 7,319 million, up 21.8 percent versus end-2003.
Romania's medium- and long-term external debt* at end-October 2004 (by debtor)
and debt service during January through October 2004
- EUR mill. -
| Type of debt |
Balance 31.12.2003 |
Balance 31.10.2004** |
Debt service** 1.01-31.10.2004 |
|---|
| I. PUBLIC DEBT |
6,470
| 6,539
| 635
|
|---|
| II. PUBLICLY GUARANTEED DEBT |
3,204
| 3,658
| 845
|
|---|
| III. PRIVATE DEBT |
6,007
| 7,319
| 1,332
|
|---|
| TOTAL EXTERNAL DEBT |
15,681
| 17,516
| 2,812
|
|---|
* external debt resulting from external loans and credits, bonds a.s.o.
** provisional data
January through October 2004
external debt service ratio stood at 19 percent as compared to 20.6 percent in 2003.
At end-October 2004,
import cover rose to 5 months of imports against 4.1 months of imports 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.