Balance of Payments in January - November 2001
28.01.2002
At end-November 2001, the balance-of-payments current account posted a deficit of USD 1,903 million compared with USD 1,067 million in the same year-ago period. This development was attributable to the joint action of the following factors: (i) the 67.8 per cent widening of the deficit under goods and services; (ii) the 8 per cent narrowing of the income deficit; and (iii) the 25 per cent increase in the surplus under current transfers.
- USD million -
|
|
January - November 2000
|
January - November 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 12,366
| 13,433
| -1,067
| 13,930
| 15,833
| -1,903
|
| A. Goods and services
| 11,112
| 12,692
| -1,580
| 12,294
| 14,945
| -2,651
|
| a. Goods (exports fob - imports fob)
| 9,510
| 10,862
| -1,352
| 10,568
| 13,055
| -2,487
|
| b. Services
| 1,602
| 1,830
| -228
| 1,726
| 1,890
| -164
|
| - Transport
| 592
| 591
| 1
| 663
| 695
| -32
|
| - Tourism
| 334
| 386
| -52
| 266
| 336
| -70
|
| - Others
| 676
| 853
| -177
| 797
| 859
| -62
|
| B. Incomes
| 226
| 550
| -324
| 345
| 643
| -298
|
| C. Current transfers
| 1,028
| 191
| 837
| 1,291
| 245
| 1,046
|
Medium- and long-term external debt expanded by 9 per cent during January - November 2001 amounting to USD 11,489 million at end-November.
At end-November public and publicly guaranteed debt ran at USD 7,403 million, making up 66.6 per cent of the medium- and long-term debt (compared with 67.9 at end-December 2000). Private external debt moved 13.3 per cent higher in the first eleven months of 2001 and amounted to USD 3,711 million at end-November.
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 17.5 per cent at end-November 2001 versus 16.1 per cent at end-2000.