The CA balance was a deficit of EUR 47.2mn or 0.6% of projected full-year GDP in January, according to data of the central bank. The January gap is 6.9% lower on the year. The annualised (Feb/12-Jan/13) CA balance is a deficit of EUR 287.8mn or 3.5% of GDP. The y/y improvement in January reflects a narrower merchandise trade deficit and a reversal to a net inflow in the services account. The merchandise trade deficit decreased by 10.1% y/y to EUR 129.9mn in January, as exports expanded by 9.1% y/y to EUR 229.3mn and imports edged up by 1.3% y/y to EUR 359.2mn. Current transfers dropped by 13.4% y/y to EUR 98.4mn in the first month of this year.
| Balance of payments, EURmn | ||
| Jan-12 | Jan-13 | |
| CURRENT ACCOUNT | -51 | -47 |
| GOODS | -145 | -130 |
| Exports, f.o.b. | 210 | 229 |
| Imports, f.o.b. | -355 | -359 |
| SERVICES | -6 | 5 |
| INCOME | -14 | -20 |
| CURRENT TRANSFERS | 114 | 98 |
| CAPITAL ACCOUNT | 0 | 1 |
| FINANCIAL ACCOUNT | 26 | 139 |
| Direct investment | 38 | 29 |
| Portfolio investment | -1 | -132 |
| Other investment | -11 | 242 |
| ERRORS AND OMISSIONS | 3 | -2 |
| OVERALL BALANCE | -21 | 91 |
| Source: Central bank |
Related Articles
Orban’s new illiberal axis
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
Green loans in North Macedonia's banking sector up 14.9% y/y in 2Q24
The growth of green loans in North Macedonia’s commercial banks continued in the second quarter of 2024, with an annual increase of 14.9% or by MKD2.6bn (€42.3mn), the central bank said on August ... more
North Macedonia’s Komercijalna Banka launches takeover bid for Stopanska Banka Bitola
North Macedonia's largest bank, Komercijalna banka, announced on August 26 that it has published the takeover bid for local Stopanska banka Bitola. The offered price is set at MKD3,200 (€52) per ... more