Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions, non−seasonally adjusted data)
| Cumulated figures for the 12-month period ending | November 2007 (revised) | December 2007 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2006 | December 2007 | ||||||||||||||
| Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | ||||
| 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. | |||||||||||||||
| CURRENTACCOUNT | -12.9 | 2,368.9 | 2,381.7 | 13.1 | 2,591.7 | 2,578.6 | 2.7 | 223.7 | 221.1 | 1.9 | 224.0 | 222.1 | |||
| Goods | 23.0 | 1,392.0 | 1,369.0 | 60.7 | 1,505.1 | 1,444.4 | 6.3 | 136.4 | 130.1 | -1.5 | 118.3 | 119.7 | |||
| Services | 35.1 | 426.1 | 391.0 | 42.4 | 465.5 | 423.1 | 2.3 | 37.5 | 35.2 | 2.2 | 40.6 | 38.4 | |||
| Income | 6.1 | 463.9 | 457.8 | -6.6 | 535.2 | 541.8 | 1.0 | 44.7 | 43.7 | 4.5 | 50.1 | 45.6 | |||
| Current transfers | -77.1 | 86.9 | 164.0 | -83.4 | 85.8 | 169.2 | -6.9 | 5.2 | 12.1 | -3.3 | 15.1 | 18.4 | |||
| CAPITAL ACCOUNT | 9.1 | 23.7 | 14.5 | 14.7 | 25.9 | 11.3 | 1.1 | 2.2 | 1.1 | 3.6 | 4.9 | 1.3 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 118.0 | 1.5 | -13.1 | -23.6 | |||||||||||
| DIRECTINVESTMENT2) | -136.4 | -334.3 | 197.9 | -108.4 | -379.5 | 271.1 | 10.6 | -20.8 | 31.3 | -21.0 | -21.7 | 0.7 | |||
| Equity capital and reinvested earnings | -93.0 | -265.2 | 172.3 | -97.1 | -277.6 | 180.6 | -4.5 | -11.5 | 7.0 | -13.3 | -18.3 | 5.0 | |||
| Other capital (mostly inter-company loans) | -43.5 | -69.1 | 25.6 | -11.4 | -101.9 | 90.6 | 15.0 | -9.3 | 24.3 | -7.7 | -3.4 | -4.2 | |||
| PORTFOLIO INVESTMENT | 276.4 | -535.0 | 811.4 | 232.5 | -410.6 | 643.0 | 8.7 | -35.2 | 43.9 | 1.5 | 27.3 | -25.7 | |||
| Equity | 152.8 | -156.3 | 309.2 | 174.6 | -49.3 | 223.9 | -9.0 | -9.1 | 0.1 | -0.5 | 6.8 | -7.3 | |||
| Debt instruments | 123.5 | -378.7 | 502.2 | 57.9 | -361.3 | 419.1 | 17.6 | -26.2 | 43.8 | 2.0 | 20.4 | -18.4 | |||
| Bonds and notes | 190.6 | -309.5 | 500.1 | 66.7 | -315.2 | 382.0 | 8.7 | -37.5 | 46.2 | 12.0 | 8.6 | 3.3 | |||
| Money market instruments | -67.1 | -69.2 | 2.1 | -8.9 | -46.0 | 37.2 | 8.9 | 11.3 | -2.4 | -9.9 | 11.8 | -21.8 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 140.0 | -869.3 | 1,009.3 | 124.1 | -790.1 | 914.1 | 19.2 | -56.0 | 75.2 | -19.5 | 5.5 | -25.0 | |||
| FINANCIAL DERIVATIVES (NET) | 2.5 | -123.2 | -31.6 | -12.6 | |||||||||||
| OTHER INVESTMENT | -23.2 | -721.5 | 698.3 | 5.5 | -899.6 | 905.1 | -1.0 | -75.7 | 74.7 | 3.7 | 103.9 | -100.2 | |||
| Eurosystem | 15.6 | -2.9 | 18.5 | 28.9 | -10.7 | 39.5 | 6.5 | 1.5 | 5.0 | 15.3 | -0.4 | 15.7 | |||
| General government | 3.2 | 1.8 | 1.4 | 10.0 | 5.9 | 4.1 | -0.6 | -3.4 | 2.8 | -8.9 | -2.9 | -6.0 | |||
| of which: currency and deposits | -3.1 | -3.1 | 1.8 | 1.8 | -4.3 | -4.3 | -0.0 | -0.0 | |||||||
| MFIs (excluding the Eurosystem) | -28.3 | -524.1 | 495.7 | 66.0 | -559.0 | 624.9 | 2.7 | -57.3 | 60.0 | -5.7 | 98.2 | -103.9 | |||
| long-term | -51.6 | -134.2 | 82.6 | -112.7 | -200.8 | 88.0 | 29.3 | 25.1 | 4.1 | -41.3 | -31.5 | -9.8 | |||
| short-term | 23.2 | -389.9 | 413.1 | 178.7 | -358.2 | 536.9 | -26.5 | -82.4 | 55.9 | 35.7 | 129.8 | -94.1 | |||
| Other sectors | -13.7 | -196.2 | 182.6 | -99.3 | -335.8 | 236.6 | -9.6 | -16.5 | 6.9 | 2.9 | 8.9 | -6.0 | |||
| of which: currency and deposits | -26.4 | -26.4 | -30.2 | -30.2 | 8.5 | 8.5 | 13.9 | 13.9 | |||||||
| RESERVE ASSETS | -1.3 | -1.3 | -4.9 | -4.9 | 0.2 | 0.2 | 4.8 | 4.8 | |||||||
| Errors and omissions | -114.3 | -29.3 | 9.3 | 18.1 | |||||||||||