Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| Jan. – Dec. 2001 | January 2001 | January 2002 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1705.7 | 1714.9 | −9.3 | 140.4 | 151.5 | −11.1 | 137.7 | 139.2 | −1.5 | ||
| Goods | 1036.5 | 962.4 | 74.1 | 79.8 | 83.7 | −3.9 | 76.3 | 74.2 | 2.1 | ||
| Services | 310.8 | 309.4 | 1.5 | 22.4 | 24.8 | −2.4 | 23.6 | 26.3 | −2.7 | ||
| Income | 284.5 | 322.2 | −37.7 | 22.6 | 30.1 | −7.5 | 20.5 | 27.2 | −6.7 | ||
| Current transfers | 73.8 | 120.9 | −47.1 | 15.6 | 12.9 | 2.7 | 17.3 | 11.5 | 5.8 | ||
| CAPITAL ACCOUNT | 17.0 | 7.6 | 9.4 | 1.8 | 0.5 | 1.3 | 3.0 | 0.5 | 2.5 | ||
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | |||
| FINANCIAL ACCOUNT ( 2 ) | −74.8 | 2.3 | −37.6 | ||||||||
| DIRECT INVESTMENT ( 3 ) | −217.1 | 123.2 | −93.9 | −17.4 | 7.5 | −9.9 | −4.8 | 9.2 | 4.3 | ||
| Equity capital and reinvested earnings | −128.4 | 90.0 | −38.4 | −11.6 | 5.1 | −6.5 | −6.3 | 6.5 | 0.2 | ||
| Other capital, mostly intercompany loans | −88.7 | 33.2 | −55.5 | −5.8 | 2.4 | −3.4 | 1.5 | 2.6 | 4.2 | ||
| PORTFOLIO INVESTMENT | −247.4 | 288.3 | 40.9 | −36.9 | −5.9 | −42.8 | −29.0 | −12.3 | −41.3 | ||
| Equity | −94.0 | 237.7 | 143.8 | −20.7 | −0.4 | −21.1 | −14.0 | 8.9 | −5.2 | ||
| Debt instruments | −153.5 | 50.6 | −102.9 | −16.2 | −5.5 | −21.7 | −15.0 | −21.2 | −36.1 | ||
| Bonds and notes | −142.7 | 76.7 | −66.0 | −6.9 | −9.1 | −16.0 | −5.7 | −7.8 | −13.5 | ||
| Money market instruments | −10.7 | −26.1 | −36.9 | −9.3 | 3.6 | −5.7 | −9.2 | −13.4 | −22.6 | ||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −464.5 | 411.5 | −53.0 | −54.3 | 1.6 | −52.7 | −33.8 | −3.1 | −36.9 | ||
| FINANCIAL DERIVATIVES (NET) | −22.1 | −4.6 | 0.6 | ||||||||
| OTHER INVESTMENT | −251.3 | 233.7 | −17.6 | −45.2 | 102.4 | 57.2 | 9.6 | −5.5 | 4.0 | ||
| Eurosystem | 0.6 | 4.4 | 5.0 | 0.5 | 1.3 | 1.8 | −0.7 | 2.6 | 1.9 | ||
| General government | 4.3 | −1.5 | 2.8 | 3.6 | −6.4 | −2.8 | −1.2 | −8.4 | −9.6 | ||
| MFIs (excluding the Eurosystem) | −230.7 | 234.5 | 3.8 | −51.4 | 108.2 | 56.8 | 15.9 | 0.4 | 16.3 | ||
| Long-term | −42.9 | 20.7 | −22.2 | −3.9 | −1.9 | −5.8 | −0.5 | 5.7 | 5.2 | ||
| Short-term | −187.8 | 213.7 | 25.9 | −47.5 | 110.1 | 62.6 | 16.4 | −5.3 | 11.1 | ||
| Other sectors | −25.4 | −3.7 | −29.2 | 2.1 | −0.7 | 1.4 | −4.4 | −0.1 | −4.6 | ||
| RESERVE ASSETS | 17.8 | 2.4 | −5.3 | ||||||||
| Errors and omissions | 74.7 | 7.5 | 36.5 | ||||||||