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Table 3: Revisions of the euro area balance of payments and international investment position (difference vis-à-vis previously published data)

(EUR billions)

	2004	2005	2006	2007	2008
Transactions
Source: ECB.
Current account	1.1	2.5	0.2	-0.4	-42.3
credit	1.7	1.2	5.3	10.9	-16.2
debit	0.6	-1.3	5.0	11.3	26.1
Goods	1.2	0.0	-1.6	-0.4	-5.4
credit (exports)	1.4	0.0	-0.4	2.8	1.5
debit (imports)	0.2	-0.0	1.2	3.2	6.9
Services	-0.1	-0.0	-1.7	-0.9	-2.1
credit (exports)	0.2	-0.0	0.4	1.5	3.3
debit (imports)	0.3	-0.0	2.1	2.3	5.5
Income	0.1	2.5	3.7	1.4	-33.1
credit	0.1	1.2	3.6	5.1	-20.8
debit	0.1	-1.3	-0.1	3.7	12.3
Current transfers	-0.0	-0.0	-0.1	-0.5	-1.7
credit	0.0	-0.0	1.8	1.5	-0.2
debit	0.0	-0.0	1.9	2.0	1.5
Capital account		0.3	-0.1	-8.7	-2.0
credit		0.3	-0.1	-0.2	-1.5
debit			0.0	8.5	0.5
Financial account balance	-54.4	-47.8	-150.5	-42.4	-139.3
Direct investment	-0.1	-0.0	-2.6	19.6	53.2
Abroad	-0.1	-0.0	-0.2	-7.0	21.5
In the euro area	0.0	-0.0	-2.4	26.6	31.7
Portfolio investment	-28.0	-18.7	-105.0	-8.5	-91.0
Assets	-0.0	0.0	7.8	2.8	-11.2
Liabilities	-28.0	-18.7	-112.8	-11.3	-79.8
Financial derivatives	-0.0	-0.0	-3.9	2.4	-9.0
Other investment	-26.3	-29.4	-38.6	-56.0	-92.5
Assets	-26.4	-29.4	-51.6	-42.5	-86.7
Liabilities	0.1	0.0	13.0	-13.5	-5.9
Reserve assets		0.3	-0.4	0.0	-0.1
Errors and omissions	53.3	45.0	150.4	51.6	183.6
Outstanding amounts
Net international investment position	61.0	104.6	31.5	-84.1	167.2
Direct investment	0.0	0.0	20.9	7.5	8.0
Portfolio investment	34.7	51.3	-82.9	-238.8	-52.4
Financial derivatives	0.0	0.0	0.1	-15.8	-37.4
Other investment	26.3	55.7	95.2	163.2	248.9
Reserve assets	0.0	-2.4	-1.9	-0.2	-0.0

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