Table 3: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
Q1 2011 | Q2 2011 (revised) | Q3 2011 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | -1,241.9 | -18.4 | - | -54.3 | -1,314.6 | -9.8 | - | 31.2 | -1,293.2 | -13.8 | |||||
Direct investment | 1,062.5 | 29.0 | - | 12.1 | 1,103.5 | 16.5 | - | -10.1 | 1,110.0 | 11.9 | |||||
Abroad | 4,801.9 | 55.9 | 1.2 | 47.4 | 4,905.2 | 40.7 | 0.8 | 14.4 | 4,960.3 | 53.0 | |||||
Equity/reinvested earnings | 3,680.2 | 51.2 | 1.4 | 44.4 | 3,775.8 | 27.7 | 0.7 | 4.0 | 3,807.6 | 40.7 | |||||
Other capital | 1,121.7 | 4.7 | 0.4 | 3.0 | 1,129.4 | 13.0 | 1.1 | 10.4 | 1,152.7 | 12.3 | |||||
In the euro area | 3,739.5 | 26.9 | 0.7 | 35.3 | 3,801.7 | 24.1 | 0.6 | 24.5 | 3,850.3 | 41.1 | |||||
Equity/reinvested earnings | 2,853.3 | 24.8 | 0.9 | 18.2 | 2,896.3 | 41.2 | 1.4 | 15.2 | 2,952.7 | 31.5 | |||||
Other capital | 886.2 | 2.1 | 0.2 | 17.1 | 905.4 | -17.0 | -1.9 | 9.3 | 897.6 | 9.6 | |||||
Portfolio investment | -2,658.4 | -150.2 | - | -70.4 | -2,878.9 | -37.7 | - | -20.2 | -2,936.8 | -31.4 | |||||
Assets | 4,811.3 | 33.0 | 0.7 | -81.7 | 4,762.6 | -64.6 | -1.4 | -123.2 | 4,574.8 | 48.9 | |||||
Equity securities | 1,858.4 | 18.0 | 1.0 | -38.0 | 1,838.4 | -53.3 | -2.9 | -163.3 | 1,621.8 | 17.3 | |||||
Debt securities | 2,953.0 | 15.1 | 0.5 | -43.8 | 2,924.2 | -11.3 | -0.4 | 40.1 | 2,953.0 | 31.5 | |||||
Bonds and notes | 2,537.2 | 28.0 | 1.1 | -12.5 | 2,552.7 | -19.9 | -0.8 | 19.0 | 2,551.7 | 27.3 | |||||
Money market instruments | 415.8 | -12.9 | -3.1 | -31.3 | 371.6 | 8.6 | 2.3 | 21.1 | 401.3 | 4.3 | |||||
Liabilities | 7,469.7 | 183.2 | 2.5 | -11.4 | 7,641.6 | -27.0 | -0.4 | -103.0 | 7,511.6 | 80.2 | |||||
Equity securities | 3,206.3 | -20.1 | -0.6 | -62.3 | 3,123.9 | -31.3 | -1.0 | -297.6 | 2,795.1 | 29.9 | |||||
Debt securities | 4,263.4 | 203.3 | 4.8 | 51.0 | 4,517.7 | 4.3 | 0.1 | 194.6 | 4,716.5 | 50.4 | |||||
Bonds and notes | 3,760.6 | 175.2 | 4.7 | 30.0 | 3,965.7 | 11.0 | 0.3 | 176.6 | 4,153.2 | 44.4 | |||||
Money market instruments | 502.8 | 28.2 | 5.6 | 21.0 | 551.9 | -6.6 | -1.2 | 18.0 | 563.3 | 6.0 | |||||
MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,595.9 | -121.2 | - | -58.2 | -1,775.4 | -21.1 | - | -30.3 | -1,826.8 | -19.5 | |||||
Financial derivatives | -31.6 | -1.6 | - | -15.4 | -48.6 | 15.4 | - | -12.8 | -46.0 | -0.5 | |||||
Other investment | -191.0 | 108.9 | - | 10.5 | -71.6 | -0.3 | - | 4.8 | -67.1 | -0.7 | |||||
Assets | 4,977.1 | 115.3 | 2.3 | -14.6 | 5,077.8 | 127.0 | 2.5 | 91.4 | 5,296.3 | 56.6 | |||||
Eurosystem | 35.3 | 4.6 | 13.1 | 0.7 | 40.5 | -2.8 | -7.0 | 4.7 | 42.4 | 0.5 | |||||
General government | 153.1 | 0.9 | 0.6 | -6.7 | 147.3 | -6.6 | -4.5 | 2.0 | 142.7 | 1.5 | |||||
MFIs excluding Eurosystem | 2,963.5 | 60.8 | 2.1 | 18.3 | 3,042.6 | 82.7 | 2.7 | 80.9 | 3,206.2 | 34.3 | |||||
Other sectors | 1,825.3 | 49.0 | 2.7 | -26.8 | 1,847.5 | 53.7 | 2.9 | 3.8 | 1,905.0 | 20.4 | |||||
Liabilities | 5,168.1 | 6.4 | 0.1 | -25.1 | 5,149.4 | 127.3 | 2.5 | 86.6 | 5,363.3 | 57.3 | |||||
Eurosystem | 272.3 | 7.2 | 2.7 | -1.6 | 278.0 | 29.8 | 10.7 | 7.4 | 315.2 | 3.4 | |||||
General government | 174.1 | 12.6 | 7.3 | 0.5 | 187.1 | 23.4 | 12.5 | 0.2 | 210.8 | 2.3 | |||||
MFIs excluding Eurosystem | 3,365.9 | -17.9 | -0.5 | -22.7 | 3,325.3 | 21.3 | 0.6 | 57.1 | 3,403.7 | 36.4 | |||||
Other sectors | 1,355.8 | 4.5 | 0.3 | -1.3 | 1,359.0 | 52.8 | 3.9 | 21.8 | 1,433.6 | 15.3 | |||||
Reserve assets | 576.6 | -4.5 | -0.8 | 8.9 | 581.0 | -3.8 | -0.7 | 69.5 | 646.7 | 6.9 | |||||
MEMO ITEM: GROSS EXTERNAL DEBT | 10,855.2 | - | - | - | 11,108.1 | - | - | - | 11,526.7 | 123.1 |