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Table 1: Balance of payments of the euro area
(EUR billions)
1999 | 2000 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
June | January – June | June | January – June | ||||||||||
Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||
Source: ECB. | |||||||||||||
( 1 ) Financial account: inflows (+); outflows (-). Reserve assets: increase (-); decrease (+). | |||||||||||||
( 2 ) Direct investment: assets refer to direct investment abroad and liabilities to direct investment in the euro area. | |||||||||||||
CURRENT ACCOUNT | 116.8 | 111.4 | 5.4 | 625.9 | 611.0 | 14.9 | 131.2 | 131.3 | −0.1 | 740.4 | 752.2 | −11.8 | |
Goods | 69.1 | 58.1 | 11.0 | 372.7 | 326.4 | 46.4 | 82.5 | 75.7 | 6.8 | 459.4 | 432.4 | 27.0 | |
Services | 21.6 | 21.7 | −0.1 | 110.0 | 113.0 | −3.0 | 22.8 | 23.2 | −0.3 | 123.4 | 130.5 | −7.1 | |
Income | 21.6 | 23.8 | −2.3 | 104.6 | 118.1 | −13.5 | 21.8 | 24.1 | −2.3 | 117.0 | 132.4 | −15.3 | |
Current transfers | 4.6 | 7.8 | −3.2 | 38.6 | 53.5 | −14.9 | 4.0 | 8.3 | −4.3 | 40.5 | 56.9 | −16.4 | |
CAPITAL ACCOUNT | 1.9 | 0.5 | 1.4 | 9.1 | 2.9 | 6.2 | 0.8 | 0.4 | 0.4 | 8.3 | 2.9 | 5.4 | |
Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
FINANCIAL ACCOUNT ( 1 ) | −12.2 | −61.4 | −15.8 | 44.0 | |||||||||
DIRECT INVESTMENT ( 2 ) | −25.3 | 6.4 | −18.9 | −113.2 | 45.1 | −68.2 | −10.9 | 8.4 | −2.5 | −128.3 | 256.9 | 128.6 | |
Equity capital and reinvested earnings | −12.5 | 3.1 | −9.5 | −69.3 | 209.5 | 140.2 | |||||||
Other capital, mostly intercompany loans | 1.7 | 5.4 | 7.0 | −59.0 | 47.5 | −11.6 | |||||||
PORTFOLIO INVESTMENT | −25.5 | 33.4 | 7.9 | −150.9 | 89.2 | −61.7 | −33.0 | 76.3 | 43.3 | −242.3 | 80.1 | −162.2 | |
Equity | −13.5 | 12.3 | −1.3 | −62.6 | 25.8 | −36.7 | −21.3 | 39.9 | 18.6 | −174.3 | −66.4 | −240.8 | |
Debt instruments | −12.0 | 21.1 | 9.1 | −88.4 | 63.4 | −25.0 | −11.8 | 36.5 | 24.7 | −68.0 | 146.5 | 78.5 | |
Bonds and notes | −14.4 | 15.2 | 0.8 | −96.3 | 36.6 | −59.7 | −7.5 | 21.8 | 14.2 | −59.4 | 97.8 | 38.4 | |
Money market instruments | 2.4 | 5.9 | 8.4 | 7.9 | 26.8 | 34.8 | −4.2 | 14.7 | 10.5 | −8.6 | 48.7 | 40.1 | |
FINANCIAL DERIVATIVES (NET) | 0.1 | −2.0 | −1.5 | 6.4 | |||||||||
OTHER INVESTMENT | 1.1 | −3.5 | −2.3 | −33.7 | 92.0 | 58.4 | 26.8 | −88.5 | −61.6 | −59.3 | 163.0 | 67.7 | |
Eurosystem | 0.9 | 0.0 | 0.9 | 7.4 | 0.0 | 7.4 | 2.3 | 0.0 | 2.3 | −2.1 | 0.0 | −2.1 | |
General government | 3.0 | −2.3 | 0.7 | 0.5 | −7.1 | −6.5 | 0.9 | −0.4 | −0.5 | −3.3 | −1.9 | −5.2 | |
MFIs (excluding the Eurosystem) | 6.6 | −10.1 | −3.5 | −5.1 | 78.0 | 72.9 | 23.1 | −89.4 | −66.4 | −41.8 | 141.2 | 99.4 | |
Long-term | −7.1 | 4.5 | −2.6 | −29.6 | 20.3 | −9.3 | 0.6 | 3.4 | 4.0 | −15.3 | 26.7 | 11.4 | |
Short-term | 13.7 | −14.6 | −0.9 | 24.4 | 57.7 | 82.2 | 22.5 | −92.9 | −70.3 | −26.5 | 114.5 | 88.0 | |
Other sectors | −9.4 | 9.0 | −0.4 | −36.4 | 21.1 | −.15.4 | 0.5 | 1.4 | 1.9 | −48.0 | 23.7 | −24.3 | |
RESERVE ASSETS | 1.3 | 12.1 | 3.4 | 3.5 | |||||||||
Errors and omissions | 5.4 | 40.3 | 15.6 | −37.6 |