Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 2001 | 2002 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September | January – September | September | January – September | ||||||||||
| 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 | 134.1 | 133.3 | 0.7 | 1279.6 | 1302.5 | −22.9 | 139.5 | 131.5 | 8.0 | 1265.9 | 1228.7 | 37.2 | |
| Goods | 81.1 | 75.1 | 6.0 | 768.4 | 723.2 | 45.1 | 88.4 | 77.1 | 11.3 | 784.2 | 688.0 | 96.2 | |
| Services | 26.2 | 25.8 | 0.4 | 240.2 | 238.7 | 1.4 | 29.4 | 25.5 | 3.9 | 242.9 | 235.0 | 7.9 | |
| Income | 21.3 | 22.4 | −1.1 | 211.7 | 247.1 | −35.4 | 16.4 | 19.0 | −2.6 | 175.9 | 210.6 | −34.7 | |
| Current transfers | 5.4 | 10.0 | −4.6 | 59.4 | 93.4 | −34.1 | 5.3 | 9.9 | −4.5 | 63.0 | 95.1 | −32.1 | |
| CAPITAL ACCOUNT | 0.6 | 0.5 | 0.1 | 12.6 | 5.0 | 7.6 | 1.6 | 0.4 | 1.2 | 13.6 | 4.6 | 8.9 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | −21.3 | −8.4 | −20.3 | −92.1 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −20.4 | 4.8 | −15.6 | −227.6 | 109.6 | −118.0 | −13.5 | 10.1 | −3.4 | −120.2 | 95.5 | −24.7 | |
| Equity capital and reinvested earnings | −5.5 | 6.9 | 1.4 | −137.2 | 86.5 | −50.7 | −10.4 | 6.4 | −3.9 | −97.7 | 59.2 | −38.5 | |
| Other capital, mostly intercompany loans | −14.9 | −2.1 | −17.0 | −90.4 | 23.1 | −67.3 | −3.1 | 3.7 | 0.5 | −22.5 | 36.3 | 13.8 | |
| PORTFOLIO INVESTMENT | 14.8 | 32.4 | 47.2 | −201.0 | 233.8 | 32.8 | 1.8 | 14.0 | 15.8 | −140.0 | 189.8 | 49.8 | |
| Equity | 13.9 | 24.2 | 38.1 | −83.7 | 170.6 | 86.9 | 12.8 | −0.7 | 12.1 | −36.9 | 66.1 | 29.2 | |
| Debt instruments | 1.0 | 8.2 | 9.1 | −117.2 | 63.2 | −54.0 | −10.9 | 14.7 | 3.8 | −103.1 | 123.7 | 20.6 | |
| Bonds and notes | 8.9 | 10.8 | 19.7 | −107.5 | 61.8 | −45.7 | −3.3 | 11.0 | 7.7 | −59.2 | 86.1 | 26.9 | |
| Money market instruments | −8.0 | −2.6 | −10.6 | −9.8 | 1.4 | −8.4 | −7.6 | 3.7 | −4.0 | −43.9 | 37.6 | −6.2 | |
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −5.6 | 37.2 | 31.6 | −428.6 | 343.4 | −85.2 | −11.7 | 24.1 | 12.4 | −260.2 | 285.3 | 25.1 | |
| FINANCIAL DERIVATIVES (NET) | −0.6 | 3.1 | 0.9 | −9.2 | |||||||||
| OTHER INVESTMENT | −71.7 | 21.0 | −50.7 | −179.6 | 238.7 | 59.1 | −67.5 | 37.6 | −29.8 | −120.6 | 13.5 | −107.1 | |
| Eurosystem | 0.1 | 1.9 | 2.0 | 1.0 | 0.7 | 1.6 | −0.2 | 2.1 | 1.9 | −0.7 | −2.4 | −3.2 | |
| General government | −0.4 | 1.7 | 1.3 | 1.0 | −5.3 | −4.3 | 0.3 | 0.4 | 0.7 | −0.3 | −7.8 | −8.1 | |
| MFIs (excluding the Eurosystem) | −67.7 | 13.3 | −54.4 | −181.3 | 229.3 | 48.0 | −62.3 | 36.7 | −25.6 | −82.9 | 31.2 | −51.7 | |
| Long-term | −1.7 | 6.3 | 4.6 | −26.8 | 28.7 | 2.0 | −8.2 | 0.5 | −7.7 | −16.4 | 40.6 | 24.3 | |
| Short-term | −66.0 | 7.0 | −59.0 | −154.5 | 200.6 | 46.1 | −54.1 | 36.2 | −17.8 | −66.5 | −9.4 | −75.9 | |
| Other sectors | −3.8 | 4.2 | 0.4 | −0.2 | 13.9 | 13.7 | −5.3 | −1.6 | −6.9 | −36.7 | −7.5 | −44.2 | |
| RESERVE ASSETS | −1.6 | −1.6 | 14.6 | 14.6 | −3.8 | −3.8 | −0.8 | −0.8 | |||||
| Errors and omissions | 20.5 | 23.7 | 11.1 | 45.9 | |||||||||