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Romania's c/a deficit jumps 55% y/y to 10 bln euro in Jan-August

Romania's c/a deficit jumps 55% y/y to 10 bln euro in Jan-August Romania balance of payments - January-August 2021 Source: BNR

BUCHAREST (Romania), October 14 (SeeNews) - Romania recorded a current account deficit of 10.149 billion euro ($11.7 billion) in the first eight months of 2021, compared to 6.5 billion euro in the same period of last year, the central bank said on Thursday, citing provisional data.

The breakdown shows that the deficits on trade in goods and on primary income widened by 2.389 billion euro and 587 million euro, respectively, the BNR said in a monthly report.

Also, the surplus on services and that on secondary income decreased by 315 million euro and 309 million euro, respectively.

Romania recorded a current account deficit of 10.983 billion euro in 2020, compared to a 10.480 billion euro gap in the same period of the previous year.

Details on Romania's current account balance follow (in millions of euro):

Jan-Aug '21 Jan-Aug '20
Current
account
-10,149 -6,549
- goods balance -14,373 -11,984
- services balance 5,666 5,975
- primary income -2,262 -1,675
- secondary income 820 1,135

($= 0.8654 euro)

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