Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
1999 | 2000 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
November | January – November | November | January – November | ||||||||||
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 | 117.9 | 120.0 | −2.1 | 1212.5 | 1214.4 | −1.9 | 138.5 | 141.4 | −2.9 | 1418.0 | 1441.6 | −23.6 | |
Goods | 76.2 | 70.0 | 6.3 | 738.8 | 660.9 | 77.9 | 91.2 | 86.6 | 4.6 | 888.9 | 834.2 | 54.6 | |
Services | 20.1 | 22.5 | −2.3 | 219.4 | 229.7 | −10.3 | 22.5 | 22.8 | −0.2 | 241.6 | 252.2 | −10.6 | |
Income | 16.9 | 18.6 | −1.7 | 193.4 | 223.1 | −29.7 | 20.6 | 22.8 | −2.2 | 227.7 | 250.8 | −23.1 | |
Current transfers | 4.6 | 9.0 | −4.4 | 60.9 | 100.7 | −39.8 | 4.3 | 9.3 | −5.0 | 59.9 | 104.3 | −44.5 | |
CAPITAL ACCOUNT | 1.9 | 0.7 | 1.2 | 15.9 | 5.4 | 10.6 | 1.4 | 0.5 | 0.9 | 15.5 | 7.7 | 7.8 | |
Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
FINANCIAL ACCOUNT ( 2 ) | 1.5 | 26.4 | −9.0 | 15.1 | |||||||||
DIRECT INVESTMENT ( 3 ) | −26.6 | 9.6 | −17.0 | −190.2 | 90.0 | −100.3 | −25.9 | 16.3 | −9.5 | −303.8 | 314.2 | 10.4 | |
Equity capital and reinvested earnings | −15.9 | 8.4 | −7.5 | −118.2 | 46.3 | −71.9 | −23.3 | 6.5 | −16.8 | −240.8 | 239.0 | −1.9 | |
Other capital, mostly intercompany loans | −10.7 | 1.2 | −9.5 | −72.0 | 43.7 | −28.4 | −2.6 | 9.9 | 7.3 | −63.0 | 75.2 | 12.2 | |
PORTFOLIO INVESTMENT | −31.3 | 42.4 | 11.2 | −275.8 | 233.4 | −42.5 | −31.8 | 27.9 | −3.9 | −389.1 | 246.2 | −142.9 | |
Equity | −18.6 | 15.8 | −2.8 | −131.9 | 87.3 | −44.6 | −19.8 | 6.4 | −13.4 | −262.6 | −8.3 | −270.9 | |
Debt instruments | −12.7 | 26.6 | 13.9 | −143.9 | 146.1 | 2.2 | −11.9 | 21.4 | 9.5 | −126.4 | 254.5 | 128.1 | |
Bonds and notes | −7.7 | 17.6 | 9.9 | −148.6 | 111.6 | −37.0 | −8.9 | 30.5 | 21.6 | −113.2 | 221.2 | 108.0 | |
Money market instruments | −4.9 | 9.0 | 4.1 | 4.7 | 34.5 | 39.2 | −3.0 | −9.1 | −12.1 | −13.2 | 33.3 | 20.1 | |
FINANCIAL DERIVATIVES (NET) | 1.9 | 8.3 | −4.2 | 1.2 | |||||||||
OTHER INVESTMENT | −58.7 | 64.1 | 5.4 | −117.3 | 267.2 | 149.8 | −47.6 | 48.5 | 0.9 | −210.1 | 340.7 | 130.7 | |
Eurosystem | 1.5 | −1.3 | 0.2 | −4.4 | 5.7 | 1.3 | −0.4 | 1.1 | 0.7 | −9.2 | 5.9 | −3.3 | |
General government | 1.2 | −2.0 | −0.8 | 2.4 | −11.7 | −9.3 | −4.1 | 1.9 | −2.3 | −5.8 | 3.1 | −2.7 | |
MFIs (excluding the Eurosystem) | −56.6 | 63.2 | 6.6 | −60.1 | 235.7 | 175.6 | −46.2 | 48.2 | 2.0 | −132.5 | 288.2 | 155.6 | |
Long-term | 1.7 | 1.4 | 3.1 | −43.5 | 51.8 | 8.3 | −6.6 | 7.0 | 0.4 | −35.9 | 50.3 | 14.4 | |
Short-term | −58.3 | 61.8 | 3.4 | −16.6 | 183.9 | 167.3 | −39.6 | 41.2 | 1.6 | −96.6 | 237.9 | 141.2 | |
Other sectors | −4.8 | 4.2 | −0.5 | −55.3 | 37.4 | −17.9 | 3.2 | −2.7 | 0.5 | −62.6 | 43.6 | −19.0 | |
RESERVE ASSETS | −0.0 | 11.1 | 7.8 | 15.7 | |||||||||
Errors and omissions | −0.6 | −35.0 | 11.0 | 0.8 |