Balance of Payments in January - March 2001
13.06.2001
In the first quarter of 2001, the current account deficit widened to USD 455 million, from USD 89
million in the similar year-ago period. This development was due mainly to the increase in the trade
deficit, from USD 90 million in Q1 2000 to USD 536 million in Q1 2001. The service and the income deficits
fell by USD 37 million and USD 45 million respectively and the surplus under current transfers inched down
by USD 2 million.
The balance-of-payments current account deficit narrowed by 21.6 percent compared with Q4 2000.
- million USD -
|
|
January - March 2000
|
January - March 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 3,002
| 3,091
| -89
| 3,623
| 4,078
| -455
|
| A. Goods and Services
| 2,741
| 2,918
| -177
| 3,275
| 3,861
| -586
|
| a. Goods (exports fob - imports fob)
| 2,404
| 2,494
| -90
| 2,875
| 3,411
| -536
|
| b. Services
| 337
| 424
| -87
| 400
| 450
| -50
|
| - Transportation
| 138
| 136
| 2
| 179
| 178
| 1
|
| - Tourism
| 65
| 71
| -6
| 47
| 75
| -28
|
| - Other services
| 134
| 217
| -83
| 174
| 197
| -23
|
| B. Incomes
| 43
| 129
| -86
| 93
| 134
| -41
|
| C. Current transfers
| 218
| 44
| 174
| 255
| 83
| 172
|
Romania's external debt
grew by USD 58 million in the first three months of 2001 to reach USD 10,271.1 million at end-March 2001.
Medium- and long-term external debt increased by 0.5 percent to USD 9,903.1 million, whereas the
short-term debt inched 1.9 percent up to USD 368 million.
Public and publicly guaranteed debt as of 31 March 2001 stood at USD 6,925.9 million and accounted for
69.9 percent of the medium- and long-term debt (against 69.8 percent at end-2000). In the first quarter of
2001 private debt remained broadly unchanged, reaching USD 2,977.2 million at the end of March.
Debt service ratio (computed as a ratio between external debt service and exports of goods and services)
was 15.1 percent as of 31 March 2001, compared with 17.9 percent at end-2000 and 26.5 percent over the year
before.