RSS
Balance of payments and external debt – May 2024
In January – May 2024p, the balance-of-payments current account posted a deficit of EUR 9,175 million, compared with EUR 6,879 million in January – May 2023. The breakdown shows that the deficit on trade in goods widened by EUR 1,428 million, the surplus on services fell by EUR 710 million, the primary income deficit increased by EUR 714 million, while the secondary income surplus grew by EUR 556 million.
Non-residents’ direct investmente in Romania totalled EUR 3,342 million (compared with EUR 2,465 million in January – May 2023), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 2,930 million and EUR 412 million, respectively.
In January – May 2024, total external debt increased by EUR 5,670 million to EUR 175,753 million, of which:
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long-term external debt at end-May 2024 ran at EUR 130,997 million (74.5 percent of total external debt), up 7.6 percent against end-2023;
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short-term external debt at end-May 2024 amounted to EUR 44,756 million (25.5 percent of total external debt), down 7.4 percent from end-2023.
Long-term external debt service ratio stood at 13.8 percent in May 2024 against 16.7 percent in 2023. At end-May 2024, goods and services import cover ran at 6.2 months, as compared to 5.6 months at end-2023.
At end-May 2024, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 113.7 percent, as against 96.3 percent at end-2023.