You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Moldova's 9-mo c/a gap shrinks 35% to $249.6 mln - table

Moldova's 9-mo c/a gap shrinks 35% to $249.6 mln - table Moldova National Bank Author (bnm) License: all rights reserved.

CHISINAU (Moldova), January 3 (SeeNews) - Moldova's current account deficit decreased by 34.7% to $249.6 million (236.5 million euro) for the first nine months of 2016, the country's central bank, BNM, said on Tuesday.

The improvement was due to an 8.3% decrease in trade deficit and a rise by 3.9% in primary income surplus, BNM said in a statement.

In the third quarter alone, Moldova's current account deficit was $97.16 million, down 17% on the year.

Details follow (in millions of U.S. dollars)

BALANCE OF PAYMENTS Jan-Sep '16 Jan-Sep '15 y/y change
CURRENT ACCOUNT -249.66 -382.59 -34.7%
- goods and services balance -1,365.84 -1,490.00 -8.3%
- primary income 319.89 307.98 3.9%
- secondary income 796.29 799.43 -0.4%

In 2015, Moldova's current account deficit narrowed 17.7% to $464.24 million, from $564.35 million in the previous year.

Source: BNM

($= 0.9476 euro)

 
Compare