Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 1999 | 2000 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September | January – September | September | January – September | ||||||||||
| 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 | 112.5 | 115.8 | −3.3 | 978.0 | 977.3 | 0.7 | 133.2 | 134.7 | −1.5 | 1133.5 | 1153.8 | −20.4 | |
| Goods | 70.7 | 65.8 | 5.0 | 587.3 | 524.8 | 62.5 | 85.3 | 80.9 | 4.5 | 704.9 | 663.4 | 41.5 | |
| Services | 20.9 | 22.0 | −1.1 | 178.4 | 186.0 | −7.6 | 22.3 | 23.7 | −1.5 | 195.8 | 203.1 | −7.3 | |
| Income | 16.7 | 18.5 | −1.8 | 160.8 | 183.8 | −23.0 | 21.8 | 22.9 | −1.1 | 181.5 | 202.6 | −21.0 | |
| Current transfers | 4.1 | 9.5 | −5.4 | 51.4 | 82.7 | −31.3 | 3.8 | 7.2 | −3.4 | 51.2 | 84.7 | −33.5 | |
| CAPITAL ACCOUNT | 0.9 | 0.5 | 0.3 | 11.9 | 4.2 | 7.8 | 1.2 | 0.6 | 0.7 | 12.2 | 5.8 | 6.4 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | −18.8 | 16.5 | −3.5 | 44.5 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −11.9 | 12.0 | 0.1 | −147.2 | 73.2 | −73.9 | −47.2 | 13.0 | −34.3 | −246.0 | 284.6 | 38.5 | |
| Equity capital and reinvested earnings | −9.7 | 6.4 | −3.4 | −87.5 | 36.7 | −50.8 | −26.2 | 4.7 | −21.5 | −180.6 | 228.0 | 47.4 | |
| Other capital, mostly intercompany loans | −2.2 | 5.6 | 3.5 | −59.6 | 36.5 | −23.1 | −21.1 | 8.3 | −12.8 | −65.4 | 56.6 | −8.9 | |
| PORTFOLIO INVESTMENT | −16.5 | 28.5 | 12.0 | −223.2 | 184.1 | −39.1 | −26.6 | 30.5 | 3.9 | −318.1 | 190.6 | −127.6 | |
| Equity | −10.6 | 10.7 | 0.1 | −100.0 | 61.7 | −38.3 | −8.1 | 3.3 | −4.8 | −219.0 | −24.8 | −243.8 | |
| Debt instruments | −5.8 | 17.8 | 11.9 | −123.1 | 122.4 | −0.8 | −18.5 | 27.2 | 8.7 | −99.2 | 215.4 | 116.2 | |
| Bonds and notes | −2.9 | 17.1 | 14.2 | −138.2 | 91.6 | −46.6 | −19.1 | 33.3 | 14.2 | −93.4 | 171.9 | 78.5 | |
| Money market instruments | −2.9 | 0.7 | −2.2 | 15.0 | 30.8 | 45.8 | 0.6 | −6.1 | −5.5 | −5.8 | 43.5 | 37.7 | |
| FINANCIAL DERIVATIVES (NET) | 1.5 | 8.5 | 2.0 | 5.5 | |||||||||
| OTHER INVESTMENT | −3.7 | −29.4 | −33.1 | −36.6 | 146.9 | 110.3 | −4.7 | 25.3 | 20.6 | −143.0 | 263.7 | 120.7 | |
| Eurosystem | −1.4 | 0.9 | −0.4 | −4.3 | 6.5 | 2.2 | 0.0 | −0.0 | 0.0 | −8.3 | 3.2 | −5.1 | |
| General government | 0.8 | −1.3 | −0.5 | 2.3 | −8.6 | −6.2 | −6.2 | −1.2 | −7.3 | −9.1 | −3.9 | −13.1 | |
| MFIs (excluding the Eurosystem) | 7.5 | −25.5 | −18.0 | 18.4 | 120.7 | 139.1 | −0.3 | 30.4 | 30.1 | −63.5 | 218.6 | 155.1 | |
| Long-term | −2.5 | 4.6 | 2.0 | −41.5 | 46.8 | 5.3 | −2.4 | 2.3 | −0.1 | −24.1 | 35.7 | 11.6 | |
| Short-term | 10.1 | −30.1 | −20.0 | 59.9 | 73.9 | 133.8 | 2.1 | 28.1 | 30.2 | −39.4 | 182.9 | 143.5 | |
| Other sectors | −10.6 | −3.5 | −14.1 | −53.2 | 28.3 | −24.8 | 1.8 | −4.0 | −2.2 | −62.1 | 45.8 | −16.2 | |
| RESERVE ASSETS | 0.7 | 10.8 | 4.2 | 7.3 | |||||||||
| Errors and omissions | 21.8 | −24.9 | 4.3 | −30.5 | |||||||||