Balance of Payments in January - July 2001
25.09.2001
As at end-July 2001, the balance-of-payments current account deficit stood
at USD 1,383 million compared with USD 763 million in the same year-ago period.
This development was attributed to the joint action of the following factors:
(i) the 81.1 per cent widening of the deficit under goods and services; (ii) the
30.2 per cent narrowing of the income deficit; and (iii) the 17.5 per cent increase
in the surplus under current transfers.
- USD million -
|
|
January - July 2000
|
January - July 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 7,392
| 8,155
| -763
| 8,718
| 10,100
| -1,382
|
| A. Goods and services
| 6,713
| 7,671
| -958
| 7,811
| 9,539
| -1,728
|
| a. Goods (exports fob - imports fob)
| 5,824
| 6,577
| -753
| 6,721
| 8,343
| -1,622
|
| b. Services
| 889
| 1,094
| -205
| 1,090
| 1,196
| -106
|
| - Transport
| 358
| 363
| -5
| 432
| 442
| -10
|
| - Tourism
| 169
| 202
| -33
| 143
| 205
| -62
|
| - Others
| 362
| 529
| -167
| 515
| 549
| -34
|
| B. Incomes
| 122
| 367
| -245
| 228
| 399
| -171
|
| C. Current transfers
| 557
| 117
| 440
| 679
| 162
| 517
|
Medium- and long-term external debt expanded by 7.2 per cent during
January - July 2001 and amounted to USD 10,834 million at end-July.
At end-July, public and publicly guaranteed debt ran at USD 7,454 million,
making up 68.8 per cent of the medium- and long-term debt versus 68.1 per cent at
year-end 2000. First-half private external debt edged 5 per cent higher to USD
3,381 million at end-July.
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) added up to 15.1
per cent at end-July 2001 from 16.1 per cent at end-2000.