BNR: the balance-of-payments current account posted a deficit of EUR 4,230 million
Publish date: 13-01-2012
In January-November 2011, the balance-of-payments current account posted a deficit of EUR 4,230 million, 6.6 percent lower than in the same year-ago period, due mainly to the decrease in trade deficit by 11.7 percent.
|
January-November 2010r |
January-November 2011p |
|||||
|
CREDIT |
DEBIT |
NET |
CREDIT |
DEBIT |
NET | |
|
CURRENT ACCOUNT (A+B+C) |
46,224 |
50,755 |
-4,531 |
55,489 |
59,719 |
-4,230 |
|
A. Goods and services |
39,996 |
45,961 |
-5,965 |
48,402 |
53,813 |
-5,411 |
|
a. Goods (exports fob – imports fob)s |
34,073 |
39,472 |
-5,399 |
41,747 |
46,512 |
-4,765 |
|
b. Services |
5,923 |
6,489 |
-566 |
6,655 |
7,301 |
-646 |
|
- transport |
1,747 |
1,921 |
-174 |
2,096 |
2,330 |
-234 |
|
- tourism-travel |
790 |
1,132 |
-342 |
932 |
1,242 |
-310 |
|
- other |
3,386 |
3,436 |
-50 |
3,627 |
3,729 |
-102 |
|
B. Incomes |
829 |
2,540 |
-1,711 |
1,119 |
3,145 |
-2,026 |
| C. Current transfers |
5,399 |
2,254 |
3,145 |
5,968 |
2,761 |
3,207 |
r revised data
p provisional data
s Source: National Institute of Statistics (NIS); imports FOB are calculated based on CIF/FOB conversion coefficient of 1.0834 set by the NIS.
Non-residents' direct investment in Romania worth EUR 1,639 million1 (down 36 percent year on year) covered 38.7 percent of the current account deficit in January-November 2011. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 1,199 million and intra-group loans2 totalled EUR 440 million.
Medium- and long-term external debt at end-November 2011 stood at EUR 75,344 million (77.8 percent of total external debt), 3.3 percent above the level recorded at end-2010.