Balance of Payments in 2001
27.02.2002
At end-December 2001, the balance-of-payments current account posted a deficit of USD 2,349 million compared with USD 1,363 million at the end of 2000. This development was attributable to the joint action of the following factors: (i) the 76.3 percent widening of the deficit under goods and services; (ii) the 17.5 percent expansion of the deficit under incomes; and (iii) the 36.6 percent increase in the surplus under current transfers.
- USD million -
|
|
2000
|
2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 13,537
| 14,900
| -1,363
| 15,151
| 17,500
| -2,349
|
| A. Goods and services
| 12,133
| 14,071
| -1,938
| 13,333
| 16,522
| -3,189
|
| a. Goods (exports fob - imports fob)
| 10,366
| 12,050
| -1,684
| 11,385
| 14,354
| -2,969
|
| b. Services
| 1,767
| 2,021
| -254
| 1,948
| 2,168
| -220
|
| - Transport
| 652
| 655
| -3
| 761
| 766
| -5
|
| - Tourism
| 359
| 425
| -66
| 362
| 449
| -87
|
| - Others
| 756
| 941
| -185
| 825
| 953
| -128
|
| B. Incomes
| 325
| 610
| -285
| 369
| 704
| -335
|
| C. Current transfers
| 1,079
| 219
| 860
| 1,449
| 274
| 1,175
|
Medium- and long-term external debt rose by 11.4 percent in 2001 amounting to USD 11,412 million at end-December.
At end-December 2001 public and publicly guaranteed debt ran at USD 7,673 million, accounting for 67.2 percent of the medium- and long-term debt (against 67.9 percent at end-December 2000). Private external debt moved 13.7 percent higher to USD 3,739 million at end-December 2001.
Medium- and long-term debt service ratio (computed as a ratio between medium- and long-term external debt service and exports of goods and services) stood at 18.4 percent at end-December 2001 versus 16.1 percent at end-2000.