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.

Latest developments:

In the third quarter of 2019, current transactions with non-residents registered a surplus of Euro 184 million. Compared to the second quarter of the year when the current account deficit was Euro 40.9 million, the current account registers a positive change of Euro 224.9 million. The most significant quarterly improvements are registered in secondary income and trade in services (Euro 144.5 million and Euro 82 million, respectively).

Regarding the financial transactions with non-residents, there were net outflows of Euro 217.2 million, as a result of the net outflows recorded in currency and deposits, portfolio investments and trade credits, while direct investments and loans registered net inflows. In the third quarter, foreign reserves increased by Euro 174.4 million. Read more... 

Archive for Balance of Payments

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