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The Q1’19 current account surplus reaches EUR 654m

The Q1 current account balance was positive at EUR 654m (1.1% of GDPe*) as compared to the EUR 5.7m reported a year ago. As of the end of March total exports were up 9.5% YoY to EUR 2.4bn, while imports for the same period totalled EUR 2.5bn (+2.7%), which resulted in a EUR 0.2bn trade deficit. The capital account closed Q1 at a EUR 239.6m surplus, while the financial account reported a positive flow of EUR 871m during the same period. The Q1 FDI fell by EUR 254.4m YoY as compared to a EUR 52.6m decline in the base period.

*exp. 2019 GDP of EUR 59.1bn and 2018 GDP of EUR 55.2bn.

Source: BNB; FFBH

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