The balance of payment records all economic transactions between residents and non-residents within a given time period and thus shows a country’s complex economic relations with the rest of the world. It consists of the current account (goods and services, primary and secondary income), capital and financial account.
In the fourth quarter of 2019, current transactions with non-residents registered a deficit of Euro 286.9 million. Compared with the surplus in the third quarter, the current account registered increase in net-outflows, which is mainly a result of the increased net-outflows of the trade in goods and services and decreased net-inflows of the secondary income.
The financial transactions with non-residents registered a net-inflows of Euro 254.2 million, as a result of the net-inflows of the direct investments, trade credits and loans, while the foreign reserves increased by Euro 156.4 million. Read more...
Archive for Balance of Payments
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