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 second quarter of 2020, current transactions with non-residents registered a deficit of Euro 85.9 million, mainly due to the trade deficit in goods.
Financial transactions with non-residents registered net-inflows. The net-inflows are mainly related to the portfolio investments (Euro 632.5 million and loans Euro 168.1 million). Foreign reserves increased by Euro 604 million. Read more...
Archive for Balance of Payments
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