Balance of Payments in January - August 2001
26.10.2001
At end-August 2001, the balance-of-payments current account posted a deficit of USD 1,387 million compared with USD 808 million in the same year-ago period. This development was attributable to the joint action of the following factors: (i) the 78.3 percent widening of the deficit under goods and services; (ii) the 24.8 percent narrowing of the income deficit; and (iii) the 34.7 percent increase in the surplus under current transfers.
- USD million -
|
|
January - August 2000
|
January - August 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 8,527
| 9,335
| -808
| 10,029
| 11,416
| -1,387
|
| A. Goods and services
| 7,771
| 8,803
| -1,032
| 8,940
| 10,780
| -1,840
|
| a. Goods (exports fob - imports fob)
| 6,710
| 7,543
| -833
| 7,693
| 9,423
| -1,730
|
| b. Services
| 1,061
| 1,260
| -199
| 1,247
| 1,357
| -110
|
| - Transport
| 406
| 417
| -11
| 484
| 502
| -18
|
| - Tourism
| 220
| 233
| -13
| 180
| 228
| -48
|
| - Others
| 435
| 610
| -175
| 583
| 627
| -44
|
| B. Incomes
| 142
| 396
| -254
| 257
| 448
| -191
|
| C. Current transfers
| 614
| 136
| 478
| 832
| 188
| 644
|
Medium- and long-term external debt expanded by 9 percent during January - August 2001 and amounted to USD 10,999 million at end-August.
At end-August, public and publicly guaranteed debt ran at USD 7,550 million, making up 68.6 percent of the medium- and long-term debt versus 68.2 per cent at year-end 2000. In the first 8 months of 2001, private external debt edged 7.6 percent higher to USD 3,449 million at end-August.
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 15.3 per cent at end-August 2001 against 16.1 percent at end-2000.