Balance of Payments in January - February 2004
23.04.2004
During 1 January - 29 February 2004, the balance-of-payments current account posted a deficit of EUR 131 million, up 2.1 times year on year.
- EUR mill. -
| |
1 January - 28 February 2003 |
1 January - 29 February 2004 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 3,119
| 3,180
| -61
| 3,425
| 3,556
| -131
|
| A. Goods and services
| 2,835
| 3,025
| -190
| 3,100
| 3,437
| -337
|
| a. Goods (exports fob - imports fob)
| 2,436
| 2,657
| -221
| 2,711
| 3,050
| -339
|
| b. Services
| 339
| 368
| 31
| 389
| 387
| 2
|
| - transport
| 164
| 132
| 32
| 192
| 156
| 36
|
| - tourism - trips
| 48
| 54
| -6
| 50
| 61
| -11
|
| - other
| 187
| 182
| 5
| 147
| 170
| -23
|
| B. Incomes
| 56
| 108
| -52
| 45
| 80
| -35
|
| C. Current transfers
| 228
| 47
| 181
| 280
| 39
| 241 |
At end-February 2004, medium- and long-term external debt ran at EUR 15,513 million, inching up 0.8 percent compared to end-2003.
Public and publicly guaranteed external debt amounted to EUR 9,838 million at end-February 2004, accounting for 63.4 percent of medium- and long-term debt against 62.9 percent at end-2003. Private external debt inched down by 0.7 percent from end-2003 to EUR 5,675 million.
Romania's medium- and long-term external debt at end-February 2004 (by debtor)
and debt service in the period 1 January - 29 February 2004
- EUR mill. -
| Type of debt |
Balance at 31.12.2003 |
Balance at 29.02.2004* |
Debt service
1.01-29.02.2004* |
| I. PUBLIC DEBT |
6,470
| 6,482
| 90
|
| II. PUBLICLY GUARANTEED DEBT |
3,199
| 3,356
| 112
|
| III. PRIVATE DEBT |
5,714
| 5,675
| 243
|
| TOTAL EXTERNAL DEBT |
15,383
| 15,513
| 445 |
* provisional data
External debt service ratio stood at 16.5 percent at end-February against 19.9 percent at end-2003.
At end-February 2004, import cover increased to 4.3 months from 4 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.