Balance of Payments in January - October 2002
08.01.2003
At end-October 2002, the balance of payments current account showed a deficit of USD 1,115 million, down 29.2 percent against the same year-ago period.
- USD million -
| |
January - October 2001 |
January - October 2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 12,765
| 14,340
| -1,575
| 14,986
| 16,101
| -1,115
|
| A. Goods and services
| 11,288
| 13,525
| -2,237
| 13,202
| 15,217
| -2,015
|
|---|
| a. Goods (exports fob - imports fob)
| 9,589
| 11,770
| -2,181
| 11,292
| 13,341
| -2,049
|
|---|
| b. Services
| 1,699
| 1,755
| -56
| 1,910
| 1,876
| 34
|
|---|
| - transport
| 687
| 598
| 89
| 794
| 709
| 85
|
|---|
| - tourism
| 290
| 365
| -75
| 274
| 313
| -39
|
|---|
| - other services
| 722
| 792
| -70
| 842
| 854
| -12
|
|---|
| B. Incomes
| 319
| 586
| -267
| 309
| 687
| -378
|
|---|
| C. Current transfers
| 1,158
| 229
| 929
| 1,475
| 197
| 1,278
|
|---|
Medium- and long-term external debt increased by 15.7 percent versus December 2001 and totalled USD 13,790 million at end-October 2002.
Public and publicly guaranteed debt amounted to USD 8,989 million at end-October 2002, accounting for 65.2 percent of the medium-and long-term debt (against 64.8 percent at end-December 2001). In the first ten months of 2002, external private debt added 14.5 percent, reaching USD 4,801 million at end-October 2002.
Romania's medium- and long-term debt at end-October 2002 (provisional data)
- USD million -
| Type of debt |
Balance at 31.12.2001 |
Balance at 31.10.2002 |
Debt service 1.01-31.10.2002 |
|---|
| I. Public debt |
4,984
| 6,121
| 777
|
|---|
| II. Publicly guaranteed debt |
2,741
| 2,868
| 851
|
|---|
| III. Private debt |
4,159
| 4,801
| 741
|
|---|
| Total external debt |
11,920
| 13,790
| 2,369
|
|---|
At end-October 2002, medium- and long-term debt service ratio stood at 17.9 percent compared with 18.4 percent at end-2001.
Import cover increased from 3.5 months at end-2001 to 4.7 months at end-October 2002.