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Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
2001 | 2002 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
June | January – June | June | January – June | ||||||||||
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 | 148.1 | 149.1 | −1.0 | 858.4 | 878.8 | −20.4 | 141.1 | 137.2 | 3.9 | 831.7 | 822.3 | 9.3 | |
Goods | 90.0 | 81.6 | 8.4 | 517.1 | 495.8 | 21.4 | 88.2 | 76.1 | 12.1 | 514.0 | 457.2 | 56.8 | |
Services | 28.4 | 26.3 | 2.1 | 151.7 | 150.2 | 1.4 | 27.0 | 25.0 | 2.0 | 152.4 | 152.5 | −0.0 | |
Income | 25.4 | 29.6 | −4.2 | 145.0 | 169.2 | −24.2 | 21.4 | 24.7 | −3.4 | 120.1 | 146.8 | −26.6 | |
Current transfers | 4.3 | 11.6 | −7.3 | 44.6 | 63.6 | −19.0 | 4.6 | 11.3 | −6.7 | 45.1 | 65.9 | −20.8 | |
CAPITAL ACCOUNT | 1.3 | 0.4 | 0.8 | 9.7 | 3.3 | 6.4 | 1.6 | 0.5 | 1.1 | 9.6 | 3.1 | 6.5 | |
Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
FINANCIAL ACCOUNT ( 2 ) | −14.0 | 18.6 | −36.9 | −61.4 | |||||||||
DIRECT INVESTMENT ( 3 ) | −21.9 | 10.9 | −11.0 | −146.0 | 53.6 | −92.3 | −15.6 | 0.1 | −15.5 | −79.0 | 59.5 | −19.5 | |
Equity capital and reinvested earnings | −8.5 | 3.4 | −5.1 | −85.7 | 45.2 | −40.5 | −11.0 | 3.2 | −7.7 | −51.2 | 30.8 | −20.4 | |
Other capital, mostly intercompany loans | −13.4 | 7.5 | −5.9 | −60.3 | 8.4 | −51.8 | −4.6 | −3.2 | −7.8 | −27.8 | 28.7 | 0.9 | |
PORTFOLIO INVESTMENT | −26.8 | 56.6 | 29.8 | −158.4 | 145.6 | −12.8 | −7.2 | 21.5 | 14.3 | −113.9 | 116.9 | 2.9 | |
Equity | −11.6 | 38.9 | 27.3 | −71.6 | 127.4 | 55.8 | −5.7 | −3.5 | −9.2 | −47.1 | 57.9 | 10.8 | |
Debt instruments | −15.2 | 17.7 | 2.5 | −86.8 | 18.2 | −68.6 | −1.5 | 25.0 | 23.5 | −66.9 | 59.0 | −7.9 | |
Bonds and notes | −17.8 | 14.3 | −3.5 | −83.9 | 23.0 | −60.9 | 1.2 | 24.2 | 25.4 | −39.1 | 48.8 | 9.7 | |
Money market instruments | 2.6 | 3.3 | 6.0 | −3.0 | −4.7 | −7.7 | −2.7 | 0.8 | −1.9 | −27.7 | 10.2 | −17.6 | |
MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −48.7 | 67.5 | 18.8 | −304.4 | 199.3 | −105.1 | −22.8 | 21.6 | −1.3 | −193.0 | 176.4 | −16.6 | |
FINANCIAL DERIVATIVES (NET) | −4.6 | −1.4 | −1.1 | −0.6 | |||||||||
OTHER INVESTMENT | −1.2 | −26.2 | −27.4 | −128.0 | 240.9 | 113.0 | 29.8 | −60.9 | −31.0 | −58.8 | 10.7 | −48.1 | |
Eurosystem | −0.3 | 4.2 | 3.9 | −0.0 | 1.7 | 1.6 | −0.1 | 1.3 | 1.2 | −1.0 | −2.3 | −3.3 | |
General government | −1.3 | 1.2 | −0.1 | 2.1 | −5.4 | −3.4 | −1.8 | 2.7 | 0.9 | −2.3 | −6.8 | −9.0 | |
MFIs (excluding the Eurosystem) | −7.2 | −30.2 | −37.3 | −123.0 | 252.6 | 129.6 | 22.5 | −67.7 | −45.2 | −41.2 | 14.5 | −26.7 | |
Long-term | −2.6 | 7.4 | 4.9 | −17.6 | 18.8 | 1.2 | 2.4 | 4.5 | 6.9 | −6.7 | 32.4 | 25.7 | |
Short-term | −4.6 | −37.6 | −42.2 | −105.4 | 233.8 | 128.4 | 20.2 | −72.3 | −52.1 | −34.5 | −17.9 | −52.4 | |
Other sectors | 7.5 | −1.4 | 6.1 | −7.0 | −7.9 | −14.9 | 9.2 | 2.9 | 12.1 | −14.4 | 5.3 | −9.1 | |
RESERVE ASSETS | −0.8 | −0.8 | 12.1 | 12.1 | −3.5 | −3.5 | 3.9 | 3.9 | |||||
Errors and omissions | 14.2 | −4.6 | 31.9 | 45.6 |