September 11 (SeeNews) - Serbia's current account deficit contracted to 1.1 billion euro ($1.6 billion) through July from 3.7 billion euro a year earlier, central bank preliminary data showed on Friday.
Details follow (in millions of euro):
BALANCE OF PAYMENTS |
Jan-July'09 |
Jan-July'08 |
I. CURRENT ACCOUNT BALANCE |
-1,070 |
-3,678 |
- Balance of goods |
-2,753 |
-4,497 |
- Balance of services |
-9.1 |
-77.8 |
- Balance of goods and services |
-2,762 |
-4,575 |
- Net factor income |
-238.9 |
-486.8 |
II. CAPITAL ACCOUNT BALANCE |
-2.1 |
13.7 |
III. FINANCIAL ACCOUNT BALANCE |
1,109 |
3,778 |
- Net foreign direct investments |
896 |
1,538 |
- Net long-term credits |
10.2 |
-18.5 |
- Net short-term credits |
8.1 |
-11.9 |
IV. ERRORS & OMISSIONS |
-36.6 |
-113.5 |
V. TOTAL BALANCE |
961.1 |
-168.8 |
($=0.6850 euro)