Table 3: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
Q3 2009 | Q4 2009 (revised) | Q1 2010 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
End-of-periodoutstandingamounts | Transactions1) | Other changes | End-of-periodoutstandingamounts | Transactions1) | Other changes | End-of-period outstandingamounts | |||||||||
as % ofpreviousend-periodoutstandingamounts | as % ofpreviousend-periodoutstandingamounts | as % of GDP | |||||||||||||
Source: ECB. | |||||||||||||||
( 1 ) In this table, contrary to the balance of payments sign convention, a positive (negative) number indicates an increase (decrease) of euro area assets. | |||||||||||||||
Financial account balance/Net international investment position | -1,597.5 | 6.2 | - | 202.8 | -1,388.5 | -24.4 | - | 77.0 | -1,336.0 | -14.8 | |||||
Direct investment | 697.0 | -9.0 | - | 62.9 | 750.8 | 34.9 | - | 63.4 | 849.2 | 9.4 | |||||
Abroad | 4,042.1 | 38.3 | 0.9 | 94.3 | 4,174.6 | 40.4 | 1.0 | 103.5 | 4,318.6 | 48.0 | |||||
Equity/reinvested earnings | 3,158.3 | 52.0 | 1.6 | 41.2 | 3,251.5 | 8.4 | 0.3 | 102.2 | 3,362.2 | 37.4 | |||||
Other capital | 883.8 | -13.7 | -1.6 | 53.1 | 923.1 | 32.0 | 3.5 | 1.3 | 956.4 | 10.6 | |||||
In the euro area | 3,345.1 | 47.3 | 1.4 | 31.4 | 3,423.8 | 5.5 | 0.2 | 40.1 | 3,469.4 | 38.6 | |||||
Equity/reinvested earnings | 2,517.5 | 56.3 | 2.2 | -23.7 | 2,550.2 | 67.5 | 2.6 | 22.5 | 2,640.3 | 29.3 | |||||
Other capital | 827.6 | -9.0 | -1.1 | 55.1 | 873.6 | -62.1 | -7.1 | 17.5 | 829.1 | 9.2 | |||||
Portfolio investment | -2,566.9 | -53.9 | - | 55.6 | -2,565.2 | -22.4 | - | -61.1 | -2,648.6 | -29.4 | |||||
Assets | 4,059.8 | 32.0 | 0.8 | 104.8 | 4,196.6 | 64.9 | 1.5 | 191.9 | 4,453.4 | 49.5 | |||||
Equity securities | 1,368.1 | 34.3 | 2.5 | 72.0 | 1,474.4 | 34.5 | 2.3 | 126.6 | 1,635.6 | 18.2 | |||||
Debt securities | 2,691.7 | -2.3 | -0.1 | 32.8 | 2,722.2 | 30.3 | 1.1 | 65.3 | 2,817.8 | 31.3 | |||||
Bonds and notes | 2,277.7 | 20.1 | 0.9 | 29.9 | 2,327.7 | 51.7 | 2.2 | 52.5 | 2,431.9 | 27.0 | |||||
Money market instruments | 413.9 | -22.4 | -5.4 | 2.9 | 394.5 | -21.4 | -5.4 | 12.8 | 385.9 | 4.3 | |||||
Liabilities | 6,626.7 | 85.9 | 1.3 | 49.1 | 6,761.8 | 87.3 | 1.3 | 253.0 | 7,102.0 | 78.9 | |||||
Equity securities | 2,577.5 | 34.2 | 1.3 | 81.1 | 2,692.9 | 4.9 | 0.2 | 116.2 | 2,813.9 | 31.3 | |||||
Debt securities | 4,049.2 | 51.7 | 1.3 | -32.0 | 4,068.9 | 82.4 | 2.0 | 136.8 | 4,288.0 | 47.7 | |||||
Bonds and notes | 3,502.3 | 27.3 | 0.8 | -19.6 | 3,510.1 | 72.2 | 2.1 | 151.2 | 3,733.5 | 41.5 | |||||
Money market instruments | 546.8 | 24.4 | 4.5 | -12.4 | 558.8 | 10.2 | 1.8 | -14.4 | 554.6 | 6.2 | |||||
MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,869.9 | -62.9 | - | 118.5 | -1,814.3 | 12.6 | - | 2.4 | -1,799.4 | -20.0 | |||||
Financial derivatives | -60.1 | -7.9 | - | 22.4 | -45.6 | -1.8 | - | 10.0 | -37.4 | -0.4 | |||||
Other investment | -98.4 | 76.9 | - | 30.4 | 9.0 | -39.8 | - | 32.9 | 2.1 | 0.0 | |||||
Assets | 4,908.9 | -21.4 | -0.4 | 41.6 | 4,929.1 | 84.4 | 1.7 | 118.6 | 5,132.1 | 57.0 | |||||
Eurosystem | 22.8 | 5.5 | 24.0 | 1.5 | 29.7 | -7.0 | -23.7 | 1.5 | 24.1 | 0.3 | |||||
General government | 114.8 | 6.7 | 5.8 | 2.3 | 123.8 | -7.3 | -5.9 | 5.6 | 122.2 | 1.4 | |||||
MFIs excluding Eurosystem | 2,823.8 | -7.3 | -0.3 | 25.9 | 2,842.3 | 55.7 | 2.0 | 68.8 | 2,966.9 | 33.0 | |||||
Other sectors | 1,947.5 | -26.2 | -1.3 | 12.0 | 1,933.3 | 43.0 | 2.2 | 42.7 | 2,018.9 | 22.4 | |||||
Liabilities | 5,007.2 | -98.3 | -2.0 | 11.2 | 4,920.1 | 124.2 | 2.5 | 85.6 | 5,129.9 | 57.0 | |||||
Eurosystem | 264.3 | -13.3 | -5.0 | 0.9 | 251.9 | -5.3 | -2.1 | 5.5 | 252.1 | 2.8 | |||||
General government | 59.5 | -3.9 | -6.6 | -0.4 | 55.1 | 5.8 | 10.5 | -0.3 | 60.7 | 0.7 | |||||
MFIs excluding Eurosystem | 3,450.3 | -84.0 | -2.4 | 31.6 | 3,398.0 | 100.6 | 3.0 | 79.5 | 3,578.1 | 39.8 | |||||
Other sectors | 1,233.1 | 2.9 | 0.2 | -20.9 | 1,215.1 | 23.0 | 1.9 | 1.0 | 1,239.1 | 13.8 | |||||
Reserve assets | 430.8 | 0.1 | 0.0 | 31.4 | 462.4 | 4.6 | 1.0 | 31.7 | 498.7 | 5.5 | |||||
MEMO ITEM: GROSS EXTERNAL DEBT | 10,461.0 | - | - | - | 10,388.7 | - | - | - | 10,781.6 | 119.8 |