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 third quarter of 2020, current transactions with non-residents registered a deficit of Euro 43.3 million, mainly due to the trade deficit in goods. Compared to the previous quarter, the current account deficit decreased by Euro 41.8 million.
The financial transactions with non-residents registered net-inflows of Euro 24 million, based on loans and trade credits, amid net-outflows in currency and deposits, portfolio and direct investments. Read more ...
Archive for Balance of Payments
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