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Romania's c/a gap widens to 2.7 bln euro in Feb

Apr 12, 2024, 1:47:27 PMArticle by Alexandru Cristea
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April 12 (SeeNews) - Romania recorded a current account deficit of 2.707 billion euro ($2.885 billion) at the end of February, compared with a gap of 2.171 billion euro a year earlier, the central bank said on Friday, citing provisional data.

Romania's c/a gap widens to 2.7 bln euro in Feb
Balance of payments Romania as of February 2024. Source: BNR

The deficit in trade of goods narrowed to 4.202 billion euro as at the end of February, while the services surplus contracted to 1.945 billion euro, the central bank, BNR, said in a statement.

Primary income deficit widened to 795 million euro from a shortfall of 279 million euro a year earlier, while secondary income turned to a surplus of 345 million euro at the end of February.

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

Feb 2024 Feb 2023
Current account -2,707 -2,171
-goods balance -4,202 -4,241
-services balance 1,945 2,401
-primary income -795 -279
-secondary income 345 -52

Source: BNR

($=0.9383 euro)

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