Balance of Payments in January 2001
23.04.2001
In January 2001 the current account deficit ran at USD 107 million, 2.4 times higher year on
year. This resulted primarily from a trade deficit of USD 157 million and a current transfers
surplus of USD 50 million.
- million USD -
|
|
January 2000
|
January 2001 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 861
| 892
| -31
| 1,163
| 1,270
| -107
|
| A. Goods and Services
| 796
| 843
| -47
| 1,049
| 1,213
| -164
|
| a. Goods (exports fob - imports fob)
| 693
| 729
| -36
| 909
| 1,066
| -157
|
| b. Services
| 103
| 114
| -11
| 140
| 147
| -7
|
| - Transportation
| 46
| 39
| 7
| 56
| 55
| 1
|
| - Tourism
| 16
| 18
| -2
| 17
| 22
| -5
|
| - Other services
| 41
| 57
| -16
| 67
| 70
| -3
|
| B. Incomes
| 9
| 32
| -23
| 35
| 28
| 7
|
| C. Current transfers
| 56
| 17
| 39
| 79
| 29
| 50
|
Romania's external debt grew by 1.6 percent in January 2001 to reach USD 10,311 million at the
end of the month. In the same period, the medium- and long-term external debt increased by 1.7
percent to USD 9,951 million, whereas the short-term debt inched 0.3 percent down to USD 360
million.
The USD 162 million rise in the medium- and long-term debt recorded in January was due mainly
to a Eurobond issue worth USD 146 million.
Public and publicly guaranteed debt as of 31 January 2001 stood at USD 7,039 million and
accounted for 70.7 percent of the medium- and long-term debt (against 70.0 percent at end-2000).
In January private debt fell by 0.7 percent to USD 2,912 million at the end of the month.
Debt service ratio (computed as a ratio between external debt service and exports of goods and
services) was 16.2 percent as of 31 January 2001, compared with 17.9 percent at end-2000.