The current account (CA) deficit of Romania increased by 26.7% y\/y to EUR 6.58 billion in the first four months of 2024, according to data published by the central bank BNR.<\/p>\n
The deficit-to-GDP ratio thus reached 2.0% of GDP in January-April, compared to 1.8% in the same period of 2023.<\/p>\n
The EUR 1.385 billion deterioration was mainly caused by the foreign trade (goods and services) and primary income, while the secondary income balance has improved.<\/p>\n
The deficit of trade with goods widened by EUR 464 million, the surplus of trade with services diminished by EUR 651 million, and the primary income balance recorded a deficit that was EUR 791 million larger than last year, Cursdeguvernare.ro<\/a> reported.\u00a0<\/p>\n Only the secondary income balance improved and recorded a surplus that was EUR 521 million larger compared to the same period of 2023.\u00a0<\/p>\n Between January and April 2024, Romania\u2019s gross external debt increased by EUR 1.804 billion to EUR 171.9 billion.\u00a0<\/p>\n The long-term external debt amounted to EUR 126.8bn on April 30, 2024 (73.8% of the total external debt), increasing by 4.1% compared to December 31, 2023.\u00a0The short-term external debt recorded on April 30 the level of EUR 45.1 billion (26.2% of the total external debt), down 6.7% compared to December 31, 2023.<\/p>\n