Table 1: Balance of payments of the euro area (Euro 12) ( 1 )
(EUR billions)
| 2000 | 2001 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April | January – April | February | January – April | ||||||||||
| 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 | 116.4 | 123.4 | −7.0 | 476.9 | 495.4 | −18.5 | 138.1 | 141.4 | −3.3 | 552.1 | 564.6 | −12.5 | |
| Goods | 71.3 | 68.8 | 2.5 | 289.7 | 284.0 | 5.7 | 84.0 | 78.7 | 5.3 | 336.6 | 324.6 | 12.0 | |
| Services | 21.3 | 22.0 | −0.7 | 82.4 | 87.1 | −4.6 | 24.3 | 24.0 | 0.3 | 88.1 | 94.1 | −6.0 | |
| Income | 19.1 | 23.0 | −4.0 | 73.6 | 84.2 | −10.5 | 24.2 | 28.9 | −4.7 | 93.7 | 105.3 | −11.6 | |
| Current transfers | 4.8 | 9.6 | −4.8 | 31.2 | 40.2 | −9.0 | 5.6 | 9.8 | −4.2 | 33.7 | 40.6 | −6.9 | |
| CAPITAL ACCOUNT | 2.8 | 0.5 | 2.3 | 8.1 | 1.9 | 6.2 | 2.6 | 0.4 | 2.2 | 7.5 | 1.8 | 5.7 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | 11.8 | 29.8 | |||||||||||
| DIRECT INVESTMENT ( 3 ) | −16.0 | 17.1 | 1.1 | −79.6 | 228.2 | 148.6 | −6.6 | 6.7 | 0.1 | −66.2 | 18.8 | −47.4 | |
| Equity capital and reinvested earnings | −7.4 | 5.1 | −2.2 | −40.8 | 196.3 | 155.5 | −10.3 | 2.5 | −7.8 | −38.3 | 29.1 | −9.2 | |
| Other capital, mostly intercompany loans | −8.7 | 11.9 | 3.3 | −38.8 | 31.9 | −6.9 | 3.8 | 4.2 | 7.9 | −27.8 | −10.4 | −38.2 | |
| PORTFOLIO INVESTMENT | −26.9 | 21.3 | −5.6 | −177.2 | −18.8 | −196.0 | −8.1 | −12.8 | −20.9 | −86.5 | 27.1 | −59.4 | |
| Equity | −17.7 | −3.2 | −20.9 | −134.6 | −109.8 | −244.5 | −11.3 | 8.5 | −2.8 | −34.4 | 25.2 | −9.3 | |
| Debt instruments | −9.2 | 24.5 | 15.3 | −42.6 | 91.0 | 48.5 | 3.2 | −21.3 | −18.1 | −52.1 | 2.0 | −50.2 | |
| Bonds and notes | −8.4 | 12.9 | 4.4 | −43.9 | 59.3 | 15.4 | −3.4 | −11.3 | −14.6 | −42.2 | 13.1 | −29.1 | |
| Money market instruments | −0.8 | 11.6 | 10.8 | 1.4 | 31.7 | 33.1 | 6.6 | −10.1 | −3.5 | −9.9 | −11.1 | −21.0 | |
| FINANCIAL DERIVATIVES (NET) | 2.1 | 4.9 | 1.1 | −1.0 | |||||||||
| OTHER INVESTMENT | −33.3 | 39.3 | 6.1 | −110.3 | 208.0 | 97.7 | 9.1 | 15.5 | 24.6 | −135.9 | 255.5 | 119.6 | |
| Eurosystem | 0.0 | 3.2 | 3.2 | 0.0 | −1.7 | −1.7 | −0.3 | −1.6 | −1.8 | 0.9 | −3.7 | −2.8 | |
| General government | 0.4 | −0.4 | −0.1 | −5.7 | −3.3 | −9.0 | −0.5 | −1.0 | −1.5 | 2.4 | −9.8 | −7.4 | |
| MFIs (excluding the Eurosystem) | −29.6 | 36.2 | 6.6 | −57.6 | 198.0 | 140.4 | 14.3 | 17.4 | 31.7 | −122.6 | 272.4 | 149.8 | |
| Long-term | −5.3 | 5.5 | 0.2 | −15.8 | 26.6 | 10.9 | −1.0 | 4.5 | 3.5 | −11.1 | 7.1 | −3.9 | |
| Short-term | −24.3 | 30.7 | 6.4 | −41.8 | 171.3 | 129.5 | 15.4 | 12.9 | 28.2 | −111.6 | 265.3 | 153.8 | |
| Other sectors | −4.0 | 0.4 | −3.7 | −47.0 | 15.0 | −32.0 | −4.5 | 0.7 | −3.9 | −16.6 | −3.4 | −20.0 | |
| RESERVE ASSETS | 7.0 | 18.0 | |||||||||||
| Errors and omissions | −10.7 | −22.9 | |||||||||||