Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 2001 | 2002 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October | January – October | October | January – October | ||||||||||
| 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 | 148.8 | 144.7 | 4.1 | 1428.4 | 1447.2 | −18.7 | 150.2 | 146.5 | 3.7 | 1416.1 | 1375.2 | 40.9 | |
| Goods | 94.5 | 83.1 | 11.4 | 862.9 | 806.4 | 56.5 | 97.6 | 85.9 | 11.7 | 881.8 | 773.9 | 107.9 | |
| Services | 28.0 | 27.5 | 0.5 | 268.1 | 266.2 | 2.0 | 28.7 | 27.3 | 1.4 | 271.6 | 262.3 | 9.3 | |
| Income | 21.4 | 23.8 | −2.4 | 233.2 | 270.9 | −37.8 | 18.7 | 21.8 | −3.1 | 194.6 | 232.4 | −37.8 | |
| Current transfers | 4.8 | 10.3 | −5.4 | 64.2 | 103.7 | −39.5 | 5.1 | 11.4 | −6.3 | 68.1 | 106.5 | −38.4 | |
| CAPITAL ACCOUNT | 1.1 | 0.7 | 0.4 | 13.7 | 5.7 | 8.0 | 2.1 | 0.6 | 1.5 | 15.6 | 5.2 | 10.4 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | −22.0 | −30.5 | −21.5 | −113.5 | |||||||||
| DIRECT INVESTMENT ( 3 ) | 7.3 | −3.3 | 4.0 | −220.3 | 106.3 | −114.0 | −11.4 | 6.4 | −5.0 | −131.6 | 101.9 | −29.7 | |
| Equity capital and reinvested earnings | −8.2 | −9.6 | −17.8 | −145.4 | 77.0 | −68.5 | −6.4 | 5.4 | −1.1 | −104.2 | 64.6 | −39.6 | |
| Other capital, mostly intercompany loans | 15.5 | 6.2 | 21.8 | −74.8 | 29.3 | −45.6 | −5.0 | 1.0 | −4.0 | −27.4 | 37.3 | 9.9 | |
| PORTFOLIO INVESTMENT | −32.7 | 34.1 | 1.4 | −233.7 | 267.9 | 34.2 | −2.4 | 21.8 | 19.4 | −142.4 | 211.6 | 69.2 | |
| Equity | −8.0 | 23.1 | 15.1 | −91.8 | 193.7 | 101.9 | 0.6 | −4.2 | −3.5 | −36.3 | 61.9 | 25.6 | |
| Debt instruments | −24.7 | 11.0 | −13.7 | −141.9 | 74.2 | −67.7 | −3.0 | 26.0 | 23.0 | −106.1 | 149.6 | 43.6 | |
| Bonds and notes | −17.8 | 9.1 | −8.8 | −125.3 | 70.9 | −54.4 | −6.7 | 12.1 | 5.3 | −66.0 | 98.2 | 32.2 | |
| Money market instruments | −6.9 | 2.0 | −4.9 | −16.6 | 3.4 | −13.3 | 3.7 | 13.9 | 17.6 | −40.1 | 51.5 | 11.4 | |
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −25.4 | 30.8 | 5.4 | −454.0 | 374.2 | −79.8 | −13.7 | 28.1 | 14.4 | −274.0 | 313.4 | 39.5 | |
| FINANCIAL DERIVATIVES (NET) | −2.9 | 0.2 | −0.0 | −9.2 | |||||||||
| OTHER INVESTMENT | −35.4 | 13.5 | −21.8 | −215.0 | 252.2 | 37.2 | −69.6 | 31.6 | −38.0 | −190.1 | 45.1 | −145.1 | |
| Eurosystem | −0.5 | 4.5 | 4.1 | 0.5 | 5.2 | 5.7 | −0.1 | −0.3 | −0.4 | −0.8 | −2.8 | −3.6 | |
| General government | −0.6 | 2.1 | 1.5 | 0.4 | −3.2 | −2.8 | −0.4 | 1.4 | 1.0 | −0.7 | −6.4 | −7.1 | |
| MFIs (excluding the Eurosystem) | −23.2 | 6.6 | −16.5 | −204.5 | 236.0 | 31.5 | −53.9 | 22.0 | −31.9 | −136.8 | 53.2 | −83.5 | |
| Long-term | −3.7 | 1.9 | −1.8 | −30.5 | 30.7 | 0.2 | −4.4 | 7.4 | 3.1 | −20.7 | 48.1 | 27.3 | |
| Short-term | −19.5 | 4.7 | −14.8 | −174.0 | 205.3 | 31.3 | −49.5 | 14.6 | −34.9 | −116.0 | 5.2 | −110.9 | |
| Other sectors | −11.1 | 0.3 | −10.9 | −11.4 | 14.2 | 2.8 | −15.2 | 8.5 | −6.7 | −51.9 | 1.0 | −50.9 | |
| RESERVE ASSETS | −2.7 | −2.7 | 11.9 | 11.9 | 2.1 | 2.1 | 1.3 | 1.3 | |||||
| Errors and omissions | 17.5 | 41.3 | 16.3 | 62.2 | |||||||||