April 5 (SeeNews) - Moldova's current account deficit decreased by 33.3% to $276.5 million (260 million euro) in 2016, the country's central bank, BNM, said on Wednesday.
The improvement was due to 61.9% higher surplus in services, a 3.2% increase in secondary income surplus and a 1.5% decrease of the external trade deficit, BNM said in a statement citing provisional data.
In the fourth quarter alone, Moldova's current account deficit was $22.2million, compared to $76.01 million in the fourth quarter of 2015.
Details follow (in millions of U.S. dollars)
| BALANCE OF PAYMENTS |
2016 |
y/y change |
| CURRENT ACCOUNT |
-276.58 |
-33.3% |
| - goods and services balance |
-1,844.74 |
-5.7% |
| - primary income |
449.15 |
-1.9% |
| - secondary income |
1,119.01 |
3.2% |
Source: BNM
($= 0.9387 euro)