Balance of Payments in 2003
27.02.2004
At end year 2003, the balance-of-payments current account showed a deficit of EUR 2,920 million, up 79.9 percent against the previous year.
- EUR million -
| |
2002 |
2003 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 19,474
| 21,097
| -1,623
| 20,497
| 23,417
| -2,920
|
| A. Goods and services
| 17,143
| 19,890
| -2,747
| 18,270
| 22,199
| -3,929
|
| a. Goods (exports fob - imports fob)
| 14,675
| 17,427
| -2,752
| 15,614
| 19,569
| -3,955
|
| b. Services
| 2,468
| 2,463
| 5
| 2,656
| 2,630
| 26
|
| - transport
| 1,013
| 881
| 132
| 1,063
| 997
| 66
|
| - tourism
| 352
| 416
| -64
| 396
| 468
| -72
|
| - other services
| 1,103
| 1,166
| -63
| 1,197
| 1,165
| 32
|
| B. Incomes
| 435
| 923
| -488
| 288
| 918
| -630
|
| C. Current transfers
| 1,896
| 284
| 1,612
| 1,939
| 300
| 1,639 |
Medium- and long-term external debt stepped up 3.9 percent versus end-2002 and ran at EUR 15,217 million at end year 2003.
Public and publicly guaranteed external debt amounted to EUR 9,657 million at end-December 2003, accounting for 63.5 percent of the medium- and long-term debt against 62.7 percent at end-2002. Private external debt added 1.7 percent from end-2002 to EUR 5,560 million.
Romania's medium- and long-term external debt at end-December 2003 (by debtor) and external debt service for 2003
- EUR million -
| Type of debt |
Balance at 31.12.2002 |
Balance at 30.12.2003 |
Debt service 2003 |
| I. Public debt |
6,041
| 6,468
| 844
|
| II. Publicly guaranteed debt |
3,142
| 3,189
| 952
|
| III. Private debt |
5,465
| 5,560
| 1,294
|
| TOTAL EXTERNAL DEBT |
14,648
| 15,217
| 3,090 |
External debt service ratio stood at 19.9 percent at end-December 2003 against 24.2 percent at end-2002.
At end-December 2003, import cover was 4 months, against 4.2 months at end-2002.