Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
1999 | 2000 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
October | January – October | October | January – October | ||||||||||
Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||
Source: ECB. | |||||||||||||
( 1 ) Figures may not add up due to rounding. | |||||||||||||
( 2 ) Financial account: inflows (+); outflows (-). Reserve assets: increase (-); decrease (+). | |||||||||||||
( 3 ) Direct investment: assets refer to direct investment abroad and liabilities to direct investment in the euro area. | |||||||||||||
CURRENT ACCOUNT | 116.7 | 117.1 | −0.5 | 1094.6 | 1094.4 | 0.2 | 140.7 | 140.9 | −0.1 | 1274.2 | 1294.7 | −20.5 | |
Goods | 75.2 | 66.1 | 9.1 | 662.5 | 590.9 | 71.6 | 92.9 | 84.7 | 8.2 | 797.8 | 748.1 | 49.7 | |
Services | 20.8 | 21.3 | −0.4 | 199.3 | 207.3 | −8.0 | 23.0 | 24.2 | −1.2 | 218.8 | 227.3 | −8.5 | |
Income | 15.8 | 20.8 | −5.0 | 176.5 | 204.5 | −28.0 | 21.3 | 22.5 | −1.2 | 202.9 | 225.1 | −22.2 | |
Current transfers | 4.9 | 9.0 | −4.1 | 56.3 | 91.7 | −35.4 | 3.5 | 9.5 | −6.0 | 54.7 | 94.2 | −39.5 | |
CAPITAL ACCOUNT | 2.1 | 0.5 | 1.6 | 14.0 | 4.7 | 9.4 | 0.7 | 0.6 | 0.1 | 12.9 | 6.4 | 6.5 | |
Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
FINANCIAL ACCOUNT ( 2 ) | 8.4 | 24.9 | −6.8 | 37.7 | |||||||||
DIRECT INVESTMENT ( 3 ) | −16.5 | 7.1 | −9.3 | −163.6 | 80.4 | −83.3 | −24.8 | 9.2 | −15.7 | −270.8 | 293.7 | 22.9 | |
Equity capital and reinvested earnings | −14.8 | 1.2 | −13.6 | −102.3 | 37.9 | −64.4 | −27.9 | 6.5 | −21.4 | −208.5 | 234.5 | 26.0 | |
Other capital, mostly intercompany loans | −1.7 | 5.9 | 4.3 | −61.3 | 42.5 | −18.8 | 3.1 | 2.6 | 5.7 | −62.3 | 59.2 | −3.2 | |
PORTFOLIO INVESTMENT | −21.4 | 6.8 | −14.6 | −244.6 | 190.9 | −53.6 | −26.5 | 24.8 | −1.7 | −344.6 | 215.4 | −129.2 | |
Equity | −13.3 | 9.7 | −3.6 | −113.3 | 71.5 | −41.9 | −15.6 | 8.9 | −6.7 | −234.5 | −15.9 | −250.5 | |
Debt instruments | −8.1 | −2.9 | −11.0 | −131.2 | 119.5 | −11.8 | −10.9 | 15.9 | 5.0 | −110.1 | 231.3 | 121.2 | |
Bonds and notes | −2.7 | 2.4 | −0.3 | −140.9 | 94.0 | −46.9 | −10.2 | 19.5 | 9.2 | −103.6 | 191.3 | 87.7 | |
Money market instruments | −5.4 | −5.3 | −10.7 | 9.7 | 25.5 | 35.1 | −0.7 | −3.5 | −4.2 | −6.5 | 40.0 | 33.5 | |
FINANCIAL DERIVATIVES (NET) | −2.2 | 6.3 | −2.2 | 3.3 | |||||||||
OTHER INVESTMENT | −22.0 | 56.1 | 34.2 | −58.6 | 203.1 | 144.4 | −16.8 | 28.6 | 11.8 | −159.8 | 292.3 | 132.4 | |
Eurosystem | −1.6 | 0.5 | −1.1 | −5.9 | 7.0 | 1.2 | −0.5 | 0.3 | −0.2 | −8.8 | 3.4 | −5.3 | |
General government | −1.1 | −1.1 | −2.2 | 1.2 | −9.7 | −8.4 | 7.3 | 2.8 | 10.1 | −1.8 | −1.2 | −3.0 | |
MFIs (excluding the Eurosystem) | −21.9 | 51.8 | 29.9 | −3.4 | 172.5 | 169.0 | −21.0 | 25.3 | 4.2 | −84.6 | 243.8 | 159.3 | |
Long-term | −3.7 | 3.6 | −0.1 | −45.2 | 50.4 | 5.2 | −3.6 | 6.8 | 3.2 | −27.7 | 42.5 | 14.8 | |
Short-term | −18.2 | 48.2 | 30.0 | 41.7 | 122.1 | 163.8 | −17.4 | 18.5 | 1.1 | −56.8 | 201.3 | 144.5 | |
Other sectors | 2.6 | 4.9 | 7.5 | −50.5 | 33.2 | −17.3 | −2.6 | 0.3 | −2.3 | −64.7 | 46.1 | −18.5 | |
RESERVE ASSETS | 0.3 | 11.1 | 1.0 | 8.3 | |||||||||
Errors and omissions | −9.5 | −34.5 | 6.8 | −23.7 |