Balance of Payments in January - September 2004
22.11.2004
January through September 2004, the balance-of-payments current account showed a deficit of EUR 2,280 million, rising 38.1 percent year on year.
- EUR mill. -
| |
1 January - 30 September 2003 |
1 January - 30 September 2004* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 15,171
| 16,822
| -1,651
| 18,187
| 20,467
| -2,280
|
| A. Goods and services
| 13,521
| 15,871
| -2,350
| 16,034
| 19,378
| -3,344
|
| a. Goods (exports fob - imports fob)
| 11,574
| 13,964
| -2,390
| 13,966
| 17,180
| -3,214
|
| b. Services
| 1,947
| 1,907
| 40
| 2,068
| 2,198
| -130
|
| - transport
| 776
| 709
| 67
| 899
| 860
| 39
|
| - tourism - travel
| 291
| 310
| -19
| 313
| 341
| -28
|
| - other
| 880
| 888
| -8
| 856
| 997
| -141
|
| B. Incomes
| 222
| 728
| -506
| 223
| 806
| -583
|
| C. Current transfers
| 1,428
| 223
| 1,205
| 1,930
| 283
| 1,647 |
* provisional data
Medium- and long-term external debt, at end-September 2004 equalled EUR 17,528 million, 11.8 percent higher compared to end-2003.
Public and publicly guaranteed external debt totalled EUR 10,260 million at end-September, accounting for 58.5 percent of medium- and long-term debt against 61.7 percent at end-2003. External private debt came in at EUR 7,268 million, up 20.9 percent against end-2003.
Romania's medium- and long-term external debt* at end-September 2004 (by debtor)
and debt service during the January through September 2004
- EUR mill. -
| Type of debt |
Balance 31.12.2003 |
Balance 30.09.2004** |
Debt service** 1.01-30.09.2004 |
| I. PUBLIC DEBT |
6,470
| 6,594
| 595
|
| II. PUBLICLY GUARANTEED DEBT |
3,204
| 3,666
| 801
|
| III. PRIVATE DEBT |
6,010
| 7,268
| 1,024
|
| TOTAL EXTERNAL DEBT |
15,684
| 17,528
| 2,420 |
* external debt resulting from external loans and credits, bonds a.s.o.
** provisional data
January through September 2004 external debt service ratio ran at 18.5 percent against 20.6 percent at end-2003.
At end-September 2004, import cover rose to 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.