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BNR: Balance of payments and external debt – May 2022

In January - May 2022 the balance-of-payments current account posted a deficit of EUR 10,238 million, compared with EUR 5,698 million in the same year-ago period, the BNR ( the National Bank of Romania) data show..


The breakdown shows that the deficit on trade in goods widened by EUR 3,446 million, the surplus on services increased by EUR 505 million, the primary income deficit grew by EUR 1,564 million, while the secondary income surplus narrowed by EUR 35 million.


Non-residents’ direct investment in Romania totalled EUR 3,787 million (compared with EUR 2,471 million in January - May 2021), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 3,610 million and EUR 177 million, respectively.


In January - May 2022, total external debt increased by EUR 2,668 million, of which:

  • long-term external debt at end-May 2022 ran at EUR 96,257 million (70.1 percent of total external debt), down 0.9 percent against end-2021;

  • short-term external debt at end-May 2022 amounted to EUR 41,028 million (29.9 percent of total external debt), up 9.6 percent from end-2021.


Long-term external debt service ratio ran at 14.6 percent in January - May 2022 against 16.4 percent in 2021. At end-May 2022, goods and services import cover stood at 4.2 months, as compared to 4.9 months at end-2021.


At end-May 2022, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 78.1 percent, against 81.9 percent at end-2021.