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 2020, current transactions with non-residents registered a deficit of Euro 72.4 million, mainly due to the trade deficit in goods. Compared to the previous quarter, the current account deficit increased by Euro 19.7 million.
The financial transactions with non-residents registered net inflows of Euro 54 million, whereby net inflows were registered on the basis of loans (by Euro 132.8 million), trade credits (by Euro 100.3 million) and direct investments (by Euro 84.3 million), and net outflows in portfolio investments and currency and deposits. Read more ...
Archive for Balance of Payments
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