Balance of Payments in January - October 2001
03.01.2002
At end-October 2001, the balance-of-payments current account posted a deficit of USD 1,626 million compared with USD 956 million in the same year-ago period. This development was attributable to the joint action of the following factors: (i) the 77.9 per cent widening of the deficit under goods and services; (ii) the 14.4 per cent narrowing of the income deficit; and (iii) the 48.5 per cent increase in the surplus under current transfers.
- USD million -
|
|
January - October 2000
|
January - October 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 10,931
| 11,887
| -956
| 12,654
| 14,280
| -1,626
|
| A. Goods and services
| 9,928
| 11,238
| -1,310
| 11,157
| 13,488
| -2,331
|
| a. Goods (exports fob - imports fob)
| 8,517
| 9,627
| -1,110
| 9,591
| 11,781
| -2,190
|
| b. Services
| 1,411
| 1,611
| -200
| 1,566
| 1,707
| -141
|
| - Transport
| 527
| 521
| 6
| 608
| 628
| -20
|
| - Tourism
| 296
| 336
| -40
| 232
| 298
| -66
|
| - Others
| 588
| 754
| -166
| 726
| 781
| -55
|
| B. Incomes
| 198
| 483
| -285
| 319
| 563
| -244
|
| C. Current transfers
| 805
| 166
| 639
| 1,178
| 229
| 949
|
Medium- and long-term external debt expanded by 8.7 per cent during January - October 2001 amounting to USD 11,046 million at end-October.
At end-October public and publicly guaranteed debt ran at USD 7,346 million, making up 66.5 per cent of the medium- and long-term debt (compared with 67.9 at end-December 2000). Private external debt moved 13.4 per cent higher in the first ten months of 2001 and amounted to USD 3,700 million at end-October.
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 17.4 per cent at end-October 2001 versus 16.1 per cent at end-2000.