19:42 02.01.2014

Deficit of Ukraine's balance of payments in November 29.9% up from October 2013 – NBU

The deficit of Ukraine's balance of payments in November 2013 was estimated at $639 million, which was 29.9% up from October 2013 and 18.6% up from November 2012, the National Bank of Ukraine reported on its Web site.

The balance of payments January through November 2013 remained in surplus, amounting to $415 million, while the deficit of the balance of payments in the same period of 2012 stood at $3.336 billion.

The deficit of the current account in November 2013 shrank by 44.5% from October 2013, yet it was 22.1% up from November 2012 and amounted to $1.087 billion.

As a result, the deficit of the current account in the 11 months of 2013 was $14.19 billion, which was 15.9% up on the same period of 2012.

The capital account in November 2013 was in surplus and stood at $448 million, which was 69.5% down from October 2013, but 27.6% up from November 2012. The surplus was due to the purchase of domestic government securities by non-residents to the tune of $900 million.

The growth of cash currency outside banks in November 2013, when mass protest rallies started in Ukraine, was estimated at $841 million, which was 4.5 times up from October 2013, but 29.3% down from November 2012, when Ukraine conducted parliamentary elections.

Net foreign direct investment in November 2013 totaled $253 million due to loans ($143 million) and additional capitalization of banks ($50 million). At the same time, in the very month the NBU registered $195 million in large Ukrainian investment made abroad.

The capital account in January through November 2013 was in surplus estimated at $14.61 billion, which was 63.9% up year-over-year.

The net inflow of direct investments almost halved to $2.66 billion, while portfolio investment grew by 2.8 times, to $1.66 billion, the NBU said.

The outflow of cash currency from banks in the 11 months of 2013 was estimated at $2.52 billion, which was three times down year-over-year.

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