Balance of Payments in January - October 2003
23.12.2003
At end-October 2003, the balance-of-payments current account showed a deficit of EUR 2,108 million, up 74.2 percent against the first ten months of the previous year.
- EUR million -
| |
January - October 2002 |
January - October 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 16,081
| 17,291
| -1,210
| 17,024
| 19,132
| -2,108
|
| A. Goods and services
| 14,165
| 16,280
| -2,115
| 15,192
| 18,131
| -2,939
|
| a. Goods (exports fob - imports fob)
| 12,105
| 14,289
| -2,184
| 12,996
| 15,961
| -2,965
|
| b. Services
| 2,060
| 1,991
| 69
| 2,196
| 2,170
| 26
|
| - transport
| 852
| 727
| 125
| 880
| 816
| 64
|
| - tourism
| 293
| 335
| -42
| 320
| 389
| -69
|
| - other services
| 915
| 929
| -14
| 996
| 965
| 31
|
| B. Incomes
| 334
| 800
| -466
| 241
| 755
| -514
|
| C. Current transfers
| 1,582
| 211
| 1,371
| 1,591
| 246
| 1,345 |
Medium- and long-term external debt picked up 6.3 percent versus December 2002 and came in at EUR 15,542 million at end-October 2003.
Public and publicly guaranteed external debt amounted to EUR 9,977 million at end-October 2003, accounting for 64.2 percent of the medium- and long-term debt against 62.8 percent at end-2002. Private external debt added 2.2 percent from end-2002 to EUR 5,565 million.
Romania's medium- and long-term debt at end-October 2003 (provisional data)
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 31.10.2003 |
Debt service 1.01-31.10.2003 |
| I. Public debt |
6,041
| 6,813
| 504
|
| II. Publicly guaranteed debt |
3,139
| 3,164
| 782
|
| III. Private debt |
5,443
| 5,565
| 1,029
|
| TOTAL EXTERNAL DEBT |
14,623
| 15,542
| 2,315 |
External debt service ratio ran at 17.7 percent at end-October 2003 against 24.2 percent at end-2002.
At end-October 2003, import cover was 4.4 months compared with 4.2 months at end-2002.