|
Balance-of-payments current account (EUR million) |
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|
January – December 2022 |
January – December 2023p |
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|
CREDIT |
DEBIT |
BALANCE |
CREDIT |
DEBIT |
BALANCE |
|
|
CURRENT ACCOUNT (A+B+C) |
137,097 |
163,137 |
-26,040 |
141,918 |
164,612 |
-22,694 |
|
A. Goods and services |
112,954 |
141,928 |
-18,974 |
126,120 |
141,900 |
-15,780 |
|
a. Goods |
86,017 |
118,064 |
-32,047 |
86,526 |
115,583 |
-29,057 |
|
b. Services |
36,937 |
23,864 |
13,073 |
39,594 |
26,317 |
13,277 |
on physical inputs owned by others |
3,031 |
160 |
2,871 |
3,280 |
144 |
3,136 |
|
– transport |
10,195 |
4,606 |
5,589 |
10,579 |
4,599 |
5,980 |
|
– tourism – travel |
4,474 |
7,382 |
-2,908 |
4,594 |
8,459 |
-3,865 |
|
– telecommunications, computer and information services |
9,334 |
3,698 |
5,636 |
10,042 |
4,139 |
5,903 |
|
– other |
9,903 |
8,018 |
1,885 |
11,099 |
8,976 |
2,123 |
|
B. Primary income |
7,213 |
15,726 |
-8,513 |
8,247 |
16,751 |
-8,504 |
|
C. Secondary income |
6,930 |
5,483 |
1,447 |
7,551 |
5,961 |
1,590 |
|
p) provisional data |
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Non-residents’ direct investment in Romania totalled EUR 6,587 million (compared with EUR 10,039 million in January – December 2022), of which equity (including the estimated net reinvestment of earnings) and intercompany lending recorded net values of EUR 6,548 million and EUR 39 million, respectively.
In January – December 2023, total external debt increased by EUR 24,926 million to EUR 168,812 million, of which:
● long-term external debt at end-December 2023 ran at EUR 121,162 million (71.8 percent of total external debt), up 22.8 percent against end-2022;
● short-term external debt at end-December 2023 amounted to EUR 47,650 million (28.2 percent of total external debt), up 5.3 percent from end-2022.
|
Romania’s external debt and external debt service (EUR million) |
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|
External debt |
External debt service, January – December 2023p |
||
|
End-2022 |
End-December 2023p |
||
|
1. General government |
57,845 |
76,739 |
8,574 |
|
Currency and deposits |
470 |
391 |
2,875 |
|
Debt securities* |
42,941 |
61,188 |
3,773 |
|
Loans |
14,163 |
14,957 |
1,574 |
|
Trade credits and advances |
267 |
199 |
352 |
|
Other accounts payable |
4 |
4 |
0 |
|
2. Central bank |
3,404 |
3,307 |
133 |
|
Currency and deposits |
1 |
1 |
13 |
|
Debt securities |
0 |
0 |
0 |
|
Loans |
0 |
0 |
0 |
|
Allocation of SDRs |
3,403 |
3,306 |
120 |
|
Other accounts payable |
0 |
0 |
0 |
|
3. Deposit-taking corporations except the central bank |
10,973 |
12,973 |
13,421 |
|
Currency and deposits |
8,880 |
8,550 |
10,138 |
|
Debt securities |
1,961 |
4,330 |
2,965 |
|
Loans |
0 |
0 |
0 |
|
Other accounts payable |
132 |
93 |
318 |
|
4. Other sectors |
27,898 |
30,878 |
26,535 |
|
Currency and deposits |
0 |
0 |
0 |
|
Debt securities |
800 |
863 |
649 |
|
Loans |
12,813 |
13,395 |
12,154 |
|
Trade credits and advances |
14,022 |
16,306 |
13,397 |
|
Other accounts payable |
263 |
314 |
335 |
|
I. External debt (1+2+3+4)** |
100,120 |
123,897 |
48,663 |
|
II. Direct investment: intercompany lending |
43,766 |
44,915 |
34,026 |
|
Total external debt (I+II), of which: |
143,886 |
168,812 |
82,689 |
|
Short-term external debt |
45,248 |
47,650 |
60,807 |
|
Long-term external debt |
98,638 |
121,162 |
21,882 |
|
p) provisional data * The developments in the stock of debt securities issued by the general government include the influence of higher prices of these instruments worth EUR 5.4 billion. ** except debt instruments related to direct investment |
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Long-term external debt service ratio stood at 17.4 percent in January – December 2023 against 17.9 percent in 2022. At end-December 2023, goods and services import cover ran at 5.6 months, as compared to 4.4 months at end-2022.
At end-December 2023, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 97.4 percent, as against 82.4 percent at end-2022.
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