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Serbia's Jan-July C/A Gap Widens 68.3% Y/Y to Prelim $5.632 Bln - Table

Oct 1, 2008, 12:23:15 PMArticle by Iskra Pavlova
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October 1 (SeeNews) - Serbia's current account deficit widened to $5.632 billion (4.009 billion euro) in the first seven months of 2008 from $3.347 billion a year earlier, preliminary central bank data showed on Wednesday.

The country’s current account gap widened by 77% to $5.286 billion in 2007, according to central bank data.

Serbia's Jan-July C/A Gap Widens 68.3% Y/Y to Prelim $5.632 Bln - Table

Details follow (in millions of U.S. dollars):

BALANCE OF PAYMENTS Jan-July'08 Jan-July'07
I. CURRENT ACCOUNT BALANCE -5,632 -3,347
- Balance of goods -6,918 -4,744
- Balance of services -203 -132
-Balance of goods and services -7,050 -4,946
- Net factor income -752 -371
- Current transfers 2,169 1,970
II. FINANCIAL ACCOUNT BALANCE 5,469 3,611
- Net foreign direct investments 2,321 922
- Net long-term credits -29 -12
- Net short-term credits -19 11
III. ERRORS & OMISSIONS 142 150
IV. TOTAL BALANCE -269 526

($=0.7071 euro)


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