Balance of Payments in January - September 2003
25.11.2003
At end-September 2003, the balance-of-payments current account showed a deficit of EUR 1,647 million, up 61 percent against the first nine months of the previous year.
- EUR million -
| |
January - September 2002 |
January - September 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 14,232
| 15,255
| -1,023
| 15,160
| 16,807
| -1,647
|
| A. Goods and services
| 12,555
| 14,383
| -1,828
| 13,510
| 15,875
| -2,365
|
| a. Goods (exports fob - imports fob)
| 10,759
| 12,626
| -1,867
| 11,574
| 13,963
| -2,389
|
| b. Services
| 1,796
| 1,757
| 39
| 1,936
| 1,912
| 24
|
| - transport
| 736
| 642
| 94
| 776
| 709
| 67
|
| - tourism
| 260
| 300
| -40
| 291
| 333
| -42
|
| - other services
| 800
| 815
| -15
| 869
| 870
| -1
|
| B. Incomes
| 299
| 703
| -404
| 222
| 709
| -487
|
| C. Current transfers
| 1,378
| 169
| 1,209
| 1,428
| 223
| 1,205 |
Medium- and long-term external debt climbed 5.9 percent versus December 2002, totalling EUR 15,474 million at end-September 2003.
Public and publicly guaranteed external debt amounted to EUR 9,905 million at end-September 2003, accounting for 64 percent of the medium- and long-term debt against 62.8 percent at end-2002. External private debt came in at EUR 5,569 million, up 2.4 percent from end-2002.
Romania's medium- and long-term debt at end-September 2003 (provisional data)
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 30.09.2003 |
Debt service 1.01-30.09.2003 |
| I. Public debt |
6,040
| 6,696
| 483
|
| II. Publicly guaranteed debt |
3,139
| 3,209
| 718
|
| III. Private debt |
5,437
| 5,569
| 854
|
| TOTAL EXTERNAL DEBT |
14,616
| 15,474
| 2,055 |
External debt service ratio ran at 17.8 percent at end-September 2003, against 23.6 percent at end-2002.
At end-September 2003, import cover was 4.4 months compared with 4.2 months at end-2002.