Romania's balance of payments recorded a deficit of 28.853 billion euros in 2024, with a share of 8.2% of GDP, reflecting internal inconsistencies and a decrease in revenue surplus.
Raluca Ioana Draghici
.webp)
Economy
www.shutterstock.com
Always see our news on Google
The annual report of the BNR regarding the balance of payments shows that Romania had a negative current account balance of 28.853 billion euros in 2024, compared to 21.497 billion euros in 2023, which represents 8.2% of GDP. This increase in the deficit was influenced by the decrease in the surplus of the services balance and the contraction of the surplus in secondary income. The BNR emphasizes that the negative evolution of the balance of payments reflects internal inconsistencies, such as the slowdown in economic growth and the relaxation of fiscal policies.
The current account deficit increased by approximately 34%, while the capital account recorded a surplus reduced by over 40%. Almost 93% of the current account deficit came from transactions with EU states, and 63% of it was with the euro area. On the other hand, the financial account had positive net flows of 19.9 billion euros, largely influenced by relations with the European Union.
The current account deficit increased by approximately 34%, while the capital account recorded a surplus reduced by over 40%. Almost 93% of the current account deficit came from transactions with EU states, and 63% of it was with the euro area. On the other hand, the financial account had positive net flows of 19.9 billion euros, largely influenced by relations with the European Union.
Sources
BNR: Ponderea deficitului contului curent în PIB a fost de 8,2%, în 2024, comparativ cu 6,7% în anul precedent
Avertisment BNR: Deficitul de cont curent al României a urcat la aproape 29 mdl. euro în 2024. Ponderea în PIB a trecut de 8%
Cum a ajuns România la un deficit de cont curent de aproape 29 miliarde de euro? Explicațiile BNR pentru dezechilibrul din 2024
Deficitul extern al României a ajuns la 8,2% din PIB. De ce contează
Latest News
22:56
Germany will participate with aircraft in the first military exercise of the Coalition of the Willing for Ukraine, which will also partly take place in Romania
22:37
Alexandru Nazare, on the audit requested by Sorin Grindeanu at all ministries: “There is absolutely no problem, it is actually a joy”
22:23
Traian Băsescu claims that Sorin Grindeanu will control the government through Marian Neacșu, while Prime Minister Luca Niculescu could become the target of criticism
22:09
Tens of thousands of Czechs protested in Prague against the reform of public media funding
21:57
Painting by Nicolae Grigorescu, valued at only 3 lei and 50 bani, at the Art Museum in Ploiești
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
