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)