Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 2001 | 2002 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April | January – April | April | January – April | ||||||||||
| 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 | 138.7 | 145.4 | −6.7 | 562.1 | 579.3 | −17.2 | 136.1 | 141.9 | −5.8 | 539.5 | 541.0 | −1.5 | |
| Goods | 83.6 | 80.5 | 3.1 | 338.1 | 329.5 | 8.6 | 86.1 | 77.9 | 8.2 | 332.1 | 302.9 | 29.2 | |
| Services | 26.3 | 24.6 | 1.6 | 95.0 | 98.4 | −3.4 | 25.8 | 25.9 | −0.1 | 95.0 | 101.4 | −6.4 | |
| Income | 23.0 | 30.0 | −7.0 | 93.6 | 109.7 | −16.1 | 19.6 | 27.5 | −7.9 | 77.8 | 93.5 | −15.8 | |
| Current transfers | 5.8 | 10.3 | −4.5 | 35.4 | 41.8 | −6.3 | 4.7 | 10.7 | −6.0 | 34.6 | 43.2 | −8.5 | |
| CAPITAL ACCOUNT | 2.6 | 0.4 | 2.2 | 7.0 | 1.9 | 5.1 | 1.9 | 0.6 | 1.3 | 6.3 | 2.1 | 4.2 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | 11.7 | 42.2 | −1.1 | −13.4 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −6.8 | 7.6 | 0.8 | −72.2 | 32.4 | −39.8 | −6.6 | 14.3 | 7.7 | −44.6 | 40.8 | −3.7 | |
| Equity capital and reinvested earnings | −9.4 | 2.8 | −6.6 | −35.9 | 31.5 | −4.4 | −3.0 | 6.7 | 3.7 | −29.1 | 23.1 | −6.0 | |
| Other capital, mostly intercompany loans | 2.6 | 4.9 | 7.4 | −36.3 | 0.8 | −35.5 | −3.6 | 7.6 | 4.0 | −15.5 | 17.7 | 2.3 | |
| PORTFOLIO INVESTMENT | −20.7 | 1.5 | −19.2 | −103.5 | 45.9 | −57.7 | −8.5 | 20.0 | 11.5 | −70.9 | 39.3 | −31.5 | |
| Equity | −16.4 | 11.0 | −5.4 | −45.5 | 29.7 | −15.8 | −3.0 | 2.3 | −0.7 | −31.4 | 30.4 | −0.9 | |
| Debt instruments | −4.3 | −9.5 | −13.8 | −58.1 | 16.2 | −41.9 | −5.6 | 17.8 | 12.2 | −39.5 | 8.9 | −30.6 | |
| Bonds and notes | −11.8 | −3.1 | −14.9 | −49.0 | 21.5 | −27.6 | −8.6 | 10.0 | 1.4 | −24.4 | 18.2 | −6.2 | |
| Money market instruments | 7.5 | −6.4 | 1.1 | −9.1 | −5.3 | −14.3 | 3.0 | 7.8 | 10.8 | −15.0 | −9.4 | −24.4 | |
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −27.5 | 9.1 | −18.4 | −175.7 | 78.2 | −97.5 | −15.1 | 34.4 | 19.3 | −115.4 | 80.2 | −35.2 | |
| FINANCIAL DERIVATIVES (NET) | 1.7 | −0.4 | 2.1 | −1.4 | |||||||||
| OTHER INVESTMENT | 7.1 | 14.3 | 21.4 | −129.0 | 252.6 | 123.6 | −51.4 | 20.6 | −30.8 | −25.4 | 43.2 | 17.9 | |
| Eurosystem | −0.3 | −1.6 | −1.8 | 0.5 | −4.2 | −3.6 | −0.4 | −4.3 | −4.7 | −0.8 | −3.1 | −3.9 | |
| General government | −0.2 | −0.8 | −1.0 | 2.2 | −9.0 | −6.8 | 0.5 | −0.5 | −0.0 | 0.7 | −8.0 | −7.3 | |
| MFIs (excluding the Eurosystem) | 14.4 | 16.2 | 30.6 | −120.5 | 277.9 | 157.3 | −29.6 | 21.1 | −8.5 | −8.8 | 45.7 | 36.9 | |
| Long-term | −0.4 | 5.4 | 5.1 | −7.7 | 7.2 | −0.5 | −4.3 | 7.7 | 3.5 | −3.7 | 17.3 | 13.6 | |
| Short-term | 14.8 | 10.8 | 25.5 | −112.8 | 270.7 | 157.9 | −25.3 | 13.4 | −11.9 | −5.0 | 28.3 | 23.3 | |
| Other sectors | −6.9 | 0.5 | −6.4 | −11.2 | −12.1 | −23.3 | −22.0 | 4.4 | −17.6 | −16.4 | 8.7 | −7.8 | |
| RESERVE ASSETS | 7.0 | 7.0 | 16.5 | 16.5 | 8.3 | 8.3 | 5.3 | 5.3 | |||||
| Errors and omissions | −7.1 | −30.1 | 5.6 | 10.6 | |||||||||