Balance of Payments in 2002
20.02.2003
At end-January 2003, the balance of payments current account showed a deficit of USD 15 million, down 81.7 percent from the same year-ago period.
- USD million -
| |
January 2002 |
January 2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 1,253
| 1,335
| -82
| 1,647
| 1,662
| -15
|
| A. Goods and services
| 1,083
| 1,272
| -189
| 1,491
| 1,575
| -84
|
| a. Goods (exports fob - imports fob)
| 913
| 1,086
| -173
| 1,246
| 1,352
| -106
|
| b. Services
| 170
| 186
| -16
| 245
| 223
| 22
|
| - transport
| 65
| 58
| 7
| 96
| 73
| 23
|
| - tourism
| 24
| 35
| -11
| 24
| 31
| -7
|
| - other services
| 81
| 93
| -12
| 125
| 119
| 6
|
| B. Incomes
| 34
| 45
| -11
| 29
| 65
| -36
|
| C. Current transfers
| 136
| 18
| 118
| 127
| 22
| 105 |
Medium- and long-term external debt picked up 2.4 percent versus December 2002 and totalled USD 15,550 million at end-January 2003.
Public and publicly guaranteed debt amounted to USD 9,707 million at end-January 2003, accounting for 62.4 percent of the medium- and long-term debt (against 62.8 percent at end-December 2002). In January 2003, external private debt advanced 3.3 percent, reaching USD 5,843 million.
Romania's medium- and long-term debt at end-January 2003 (provisional data)
- USD million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 31.01.2003 |
Debt service 1.01-31.01.2003 |
| I. Public debt |
6,293
| 6,409
| 61
|
| II. Publicly guaranteed debt |
3,237
| 3,298
| 52
|
| III. Private debt |
5,656
| 5,843
| 57
|
| Total external debt |
15,186
| 15,550
| 170 |
At end-December 2002, medium- and long-term debt service ratio stood at 19.4 percent, against 21.6 percent at end-2002.
Import cover increased from 4.7 months at end-2002 to 4.8 months at end-January 2003.