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Current account deficit widens to 16.29 billion euros in first seven months

October 5, 2026

Romania's current account deficit widened to 16.29 billion euros in January-July 2026, compared with 15.707 billion euros in the same period of 2025, the National Bank of Romania (BNR) informs on Tuesday.Within the current account, the goods trade deficit increased by 88 million euros, the services surplus rose by 680 million euros, the primary income deficit widened by 773 million euros, while the secondary income surplus decreased by 402 million euros.Foreign direct investment by non-residents in Romania totalled 1.127 billion euros, compared with 4.915 billion euros in JanuaryJuly 2025. Equity investments, including reinvested profit, amounted to 1.407 billion euros, while intra-group loans recorded a net negative value of 280 million euros.In January-July 2026, total external debt increased by 6.416 billion euros to 234.879 billion euros. Long-term external debt stood at 18EUR210 billion euros as of July 31, 2026, accounting for 77.6% of total external debt, up 1.1% from December 31, 2025.Short-term external debt stood at 5EUR669 billion euros as of July 31, 2026, accounting for 2EUR4% of total external debt, up 9.4% from December 31, 2025.The long-term external debt service ratio stood at 15.7% in January-July 2026, compared with 18.4% in 2025. The import cover for goods and services stood at 5.7 months as of 31 July 2026, compared with six months at the end of 2025.The coverage of short-term external debt, calculated on a residual maturity basis, by Romania's foreign exchange reserves held by the BNR stood at 91.4% as of July 31, 2026, compared with 104.4% at the end of 2025.

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