Table 1: Balance of payments of the euro area (Euro 12) ( 1 )
(EUR billions)
| 2000 | 2001 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August | January – August | August | January – August | ||||||||||
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||
| Source: ECB. | |||||||||||||
| ( 1 ) As from January 2001 the data refer to the Euro 12, i.e. they include Greece. Data for 2000 have been re-calculated to take into account the new composition of the euro area and are comparable with Euro 12 figures. | |||||||||||||
| ( 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 | 127.6 | 133.9 | −6.3 | 1024.8 | 1070.4 | −45.6 | 133.4 | 129.2 | 4.2 | 1137.4 | 1159.2 | −21.8 | |
| Goods | 76.7 | 76.5 | 0.2 | 619.1 | 611.3 | 7.8 | 80.9 | 74.9 | 6.0 | 686.6 | 651.6 | 35.0 | |
| Services | 26.6 | 26.1 | 0.5 | 188.7 | 190.8 | −2.1 | 27.7 | 26.9 | 0.8 | 207.2 | 204.4 | 2.9 | |
| Income | 20.1 | 21.5 | −1.5 | 166.6 | 188.4 | −21.7 | 20.4 | 20.1 | 0.3 | 189.9 | 222.4 | −32.5 | |
| Current transfers | 4.2 | 9.7 | −5.5 | 50.4 | 80.0 | −29.6 | 4.4 | 7.3 | −2.9 | 53.6 | 80.8 | −27.2 | |
| CAPITAL ACCOUNT | 1.6 | 1.3 | 0.3 | 12.6 | 5.3 | 7.3 | 1.1 | 0.5 | 0.6 | 11.8 | 4.3 | 7.5 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | 6.2 | 79.8 | 0.3 | 8.6 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −52.2 | 15.0 | −37.1 | −244.0 | 305.8 | 61.8 | −12.2 | 6.2 | −6.0 | −161.8 | 71.9 | −89.9 | |
| Equity capital and reinvested earnings | −57.9 | 4.8 | −53.1 | −191.3 | 258.2 | 66.9 | −5.6 | 4.5 | −1.1 | −103.8 | 56.0 | −47.8 | |
| Other capital, mostly intercompany loans | 5.7 | 10.2 | 15.9 | −52.6 | 47.6 | −5.1 | −6.6 | 1.7 | −4.8 | −58.0 | 15.9 | −42.1 | |
| PORTFOLIO INVESTMENT | −25.8 | 43.2 | 17.4 | −290.5 | 176.8 | −113.7 | −18.0 | 35.9 | 17.8 | −184.9 | 193.6 | 8.7 | |
| Equity | −20.7 | 24.8 | 4.2 | −217.9 | 0.0 | −217.9 | −2.6 | 15.3 | 12.7 | −76.9 | 155.8 | 78.8 | |
| Debt instruments | −5.1 | 18.3 | 13.3 | −72.6 | 176.7 | 104.2 | −15.4 | 20.5 | 5.1 | −107.9 | 37.8 | −70.1 | |
| Bonds and notes | −3.8 | 19.4 | 15.7 | −57.4 | 141.8 | 84.4 | −16.3 | 19.4 | 3.1 | −106.0 | 46.5 | −59.5 | |
| Money market instruments | −1.3 | −1.1 | −2.4 | −15.1 | 34.9 | 19.8 | 0.9 | 1.1 | 2.0 | −1.9 | −8.7 | −10.6 | |
| FINANCIAL DERIVATIVES (NET) | −0.4 | 5.2 | −3.1 | −9.9 | |||||||||
| OTHER INVESTMENT | −30.8 | 56.3 | 25.4 | −119.7 | 242.8 | 123.2 | −35.2 | 22.6 | −12.6 | −119.4 | 203.0 | 83.6 | |
| Eurosystem | 0.4 | −2.1 | −1.8 | −0.2 | −3.2 | −3.4 | 0.1 | −2.4 | −2.3 | 0.8 | −1.2 | −0.3 | |
| General government | −2.1 | 1.3 | −0.8 | −2.6 | −3.5 | −6.0 | 0.7 | −2.6 | −1.9 | 1.3 | −7.2 | −5.9 | |
| MFIs (excluding the Eurosystem) | −23.4 | 24.4 | 1.0 | −59.5 | 194.7 | 135.2 | −34.0 | 26.6 | −7.4 | −107.9 | 216.0 | 108.1 | |
| Long-term | −2.1 | −1.3 | −3.3 | −22.8 | 39.5 | 16.7 | −3.8 | 2.9 | −0.9 | −21.9 | 21.7 | −0.2 | |
| Short-term | −21.3 | 25.6 | 4.3 | −36.7 | 155.2 | 118.5 | −30.2 | 23.7 | −6.6 | −85.9 | 194.3 | 108.3 | |
| Other sectors | −5.7 | 32.7 | 27.0 | −57.4 | 54.8 | −2.6 | −2.0 | 1.0 | −1.0 | −13.7 | −4.6 | −18.3 | |
| RESERVE ASSETS | 0.9 | 3.3 | 4.1 | 16.1 | |||||||||
| Errors and omissions | −0.1 | −41.5 | −5.1 | 5.7 | |||||||||