Balance of Payments in January - July 2002
03.10.2002
At end-July 2002, the balance-of-payments current account posted a deficit of USD 1,050 million, down 24.2 percent against the same year-ago period.
- USD million -
| |
January-July 2001 |
January-July 2002 |
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
| 8,789
| 10,174
| -1,385
| 9,887
| 10,937
| -1,050
|
| A. Goods and services
| 7,834
| 9,590
| -1,756
| 8,768
| 10,291
| -1,523
|
| a. Goods (exports fob - imports fob)
| 6,718
| 8,335
| -1,617
| 7,554
| 8,990
| -1,436
|
| b. Services
| 1,116
| 1,255
| -139
| 1,214
| 1,301
| -87
|
| - Transport
| 441
| 452
| -11
| 478
| 508
| -30
|
| - Tourism
| 190
| 269
| -79
| 172
| 193
| -21
|
| - Others
| 485
| 534
| -49
| 564
| 600
| -36
|
| B. Incomes
| 232
| 422
| -190
| 198
| 517
| -319
|
| C. Current transfers
| 723
| 162
| 561
| 921
| 129
| 792 |
Medium- and long-term external debt increased by 11.7 percent versus December 2001 and totalled USD 13,115 million at end-July 2002.
Public and publicly guaranteed debt amounted to USD 8,692 million at end-July 2002, accounting for 66.3 percent of the medium-and long-term debt (against 65.7 percent at end-December 2001). In the first seven months of 2002, external private debt rose by 9.9 percent, reaching USD 4,423 million at end- July 2002.
Romania's medium- and long-term debt at end-July 2002
(provisional data, USD million)
| Type of debt |
Balance at 31.12.2001 |
Balance at 31.07.2002 |
Debt service
1.01-31.07.2002 |
| I. PUBLIC DEBT |
4,984 |
5,713 |
676 |
| II. PUBLIC AND PUBLICLY GUARANTEED DEBT |
2,732 |
2,979 |
546 |
| III. PRIVATE DEBT |
4,026 |
4,423 |
493 |
| TOTAL EXTERNAL DEBT |
11,742 |
13,115 |
1,715 |
At end-July 2002, medium- and long-term debt service ratio stood at 19.5 percent compared with 18.4 percent at end-2001.
Import cover increased from 3.9 months at end-2001 to 4.4 months at end-July 2002.