Balance of Payments in June 2001
31.08.2001
At end-June 2001, the current account posted a deficit of USD 1,337 million compared with USD 581 million in the same year-ago period. This was the result of the following: (i) the 97 per cent widening of the goods and services deficit; and (ii) the 21 per cent reduction in the incomes deficit.
- USD million -
|
|
January - June 2000
|
January - June 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 6,281
| 6,862
| -581
| 7,324
| 8,661
| -1,337
|
| A. Goods and services
| 5,643
| 6,454
| -811
| 6,563
| 8,162
| -1,599
|
| a. Goods (exports fob - imports fob)
| 4,910
| 5,514
| -604
| 5,696
| 7,148
| -1,452
|
| b. Services
| 733
| 940
| -207
| 867
| 1,014
| -147
|
| - Transport
| 300
| 307
| -7
| 346
| 379
| -33
|
| - Tourism
| 138
| 171
| -33
| 121
| 173
| -52
|
| - Others
| 295
| 462
| -167
| 400
| 462
| -62
|
| B. Incomes
| 109
| 310
| -201
| 200
| 359
| -159
|
| C. Current transfers
| 529
| 98
| 431
| 561
| 140
| 421
|
Medium- and long-term external debt increased by 6.5 per cent in the first half of 2001 and amounted to USD 10,721 million at end-June.
At end-June, public and publicly guaranteed debt came in at USD 7,422 million, accounting for 69.2 per cent of the medium- and long-term debt versus 68.4 per cent at year-end 2000. In the first half of 2001, the private external debt edged 3.8 per cent higher to USD 3,299 million.
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) ran at 15.0 per cent at end-June 2001 compared with 16.1 per cent at end-2000.