July 3 (SeeNews) - Moldova's current account deficit widened by 41.5% to $112.77 million (99 million euro) in the first quarter of 2017, the country's central bank, BNM, said on Monday.
The change came as a result of higher deficits in goods and services, as imports grew by 21.7% and exports increased by 3.2 % on the year in the first quarter, BNM said in a statement citing provisional data.
Moldova's current account deficit decreased by 33% to $276.5 million in 2016.
Details follow (in millions of U.S. dollars)
| BALANCE OF PAYMENTS |
Q 1 2017 |
y/y change |
| CURRENT ACCOUNT |
-112.77 |
+41.5% |
| - goods balance |
-520.54 |
+14.1% |
| -services balance |
59.55 |
+39.2% |
| - primary income |
98.45 |
+7.2% |
| - secondary income |
249.77 |
+3.2%% |
Source: BNM
($= 0.8765 euro)