Min Fin: imports higher than exports for third month in a row
17:33
According to preliminary data, the current account surplus in May 2024 remained stable at 1.8% of GDP. For the third consecutive month, the annual import growth outpaced export growth, with both showing significant declines compared to April due to calendar effects. The primary income deficit as a percentage of GDP decreased but continued to negatively impact external balance.
The capital account surplus was 0.7% of GDP, increasing the positive loan/debt ratio to 2.5% of GDP.
