Romania’s CA gap widens by 27% y/y in January-April
<p>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>

<p>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>

<p>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>

<p>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, <a href="https://cursdeguvernare.ro/ddeficitul-cont-curent-crescut-pana-la-658-miliarde-euro.html?mc_cid=6785c6e834&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Cursdeguvernare.ro</a> reported.&nbsp;</p>

<p>Only the secondary income balance improved and recorded a surplus that was EUR 521 million larger compared to the same period of 2023.&nbsp;</p>

<p>Between January and April 2024, Romania’s gross external debt increased by EUR 1.804 billion to EUR 171.9 billion.&nbsp;</p>

<p>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.&nbsp;The 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>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Romolo Tavani/Dreamstime.com</a>)</em></p>