Balance of Payments in January - August 2004
25.10.2004
January through August 2004, the balance-of-payments current account showed a deficit of EUR 2,098 million, rising 46.4 percent year on year.
- EUR mill. -
| |
1 January - 31 August 2003 |
1 January - 31 August 2004* |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 13,374
| 14,807
| -1,433
| 15,884
| 17,982
| -2,098
|
| A. Goods and services
| 11,939
| 13,937
| -1,998
| 14,077
| 17,001
| -2,924
|
| a. Goods (exports fob - imports fob)
| 10,227
| 12,245
| -2,018
| 12,270
| 15,100
| -2,830
|
| b. Services
| 1,712
| 1,692
| 20
| 1,807
| 1,901
| -94
|
| - transport
| 680
| 613
| 67
| 792
| 749
| 43
|
| - tourism - travel
| 249
| 283
| -34
| 275
| 319
| -44
|
| - other
| 783
| 796
| -13
| 740
| 833
| -93
|
| B. Incomes
| 200
| 677
| -477
| 196
| 728
| -532
|
| C. Current transfers
| 1,235
| 193
| 1,042
| 1,611
| 253
| 1,358 |
* provisional data
At end-August 2004, medium- and long-term external debt totalled EUR 17,412 million, 11 percent higher compared to end-2003.
Public and publicly guaranteed external debt amounted to EUR 10,214 million at accounting for 58.7 percent of medium- and long-term debt against 61.7 percent at end-2003. External private debt came in at EUR 7,198 million, up 19.8 percent against end-2003.
Romania's medium- and long-term external debt* at end-August 2004 (by debtor)
and debt service during the January through August 2004
- EUR mill. -
| Type of debt |
Balance 31.12.2003 |
Balance 31.08.2004** |
Debt service** 1.01-31.08.2004 |
| I. PUBLIC DEBT |
6,470
| 6,702
| 519
|
| II. PUBLICLY GUARANTEED DEBT |
3,207
| 3,512
| 698
|
| III. PRIVATE DEBT |
6,009
| 7,198
| 862
|
| TOTAL EXTERNAL DEBT |
15,686
| 17,412
| 2,079 |
* external debt resulting from external loans and credits, bonds a.s.o.
** provisional data
January through August 2004 external debt service ratio stood at 18 percent against 20.6 percent at end-2003.
At end-August 2004, import cover was 4.9 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.