Table 1: Current account of the Euro area
(EUR billions, unless otherwise indicated; transactions during the period; non working day and non seasonally adjusted)
Cumulated figures for the four-quarter period ending in | Q4 2013 | Q4 2014 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Q3 2014 | Q4 2014 | |||||||||||
Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | |
Current account | 199.8 | 3,314.2 | 3,114.4 | 212.7 | 3,331.1 | 3,118.4 | 78.9 | 843.2 | 764.3 | 91.8 | 860.0 | 768.3 |
Percentage of GDP | 2.0 | 32.9 | 30.9 | 2.1 | 32.9 | 30.8 | - | - | - | - | - | - |
Goods | 225.1 | 1,936.2 | 1,711.1 | 246.2 | 1,957.6 | 1,711.4 | 60.0 | 490.1 | 430.1 | 81.1 | 511.4 | 430.3 |
of which: General merchandise |
218.4 | 1,889.4 | 1,671.0 | 239.9 | 1,911.2 | 1,671.3 | 56.6 | 475.9 | 419.3 | 78.2 | 497.8 | 419.6 |
Services | 71.2 | 678.5 | 607.3 | 65.3 | 688.7 | 623.3 | 18.7 | 168.5 | 149.9 | 12.8 | 178.7 | 165.9 |
Transport | 4.6 | 125.8 | 121.2 | 4.4 | 126.2 | 121.8 | 1.0 | 31.7 | 30.6 | 0.9 | 32.0 | 31.2 |
Travel | 19.2 | 116.5 | 97.3 | 18.1 | 116.9 | 98.8 | 1.8 | 23.5 | 21.7 | 0.7 | 23.9 | 23.1 |
Insurance pension and financial services |
16.4 | 78.3 | 62.0 | 14.4 | 78.7 | 64.2 | 5.2 | 20.2 | 15.0 | 3.3 | 20.5 | 17.2 |
Telecommunication, computer and information services |
40.2 | 81.0 | 40.8 | 41.8 | 83.1 | 41.3 | 10.6 | 21.1 | 10.5 | 12.2 | 23.2 | 11.0 |
Other business services |
3.1 | 179.2 | 176.1 | 3.3 | 185.0 | 181.7 | 0.5 | 46.7 | 46.3 | 0.7 | 52.6 | 51.9 |
Other | -12.2 | 97.7 | 109.8 | -16.8 | 98.8 | 115.5 | -0.4 | 25.4 | 25.8 | -5.0 | 26.6 | 31.5 |
Primary income | 41.2 | 608.3 | 567.1 | 42.1 | 591.7 | 549.6 | 29.5 | 161.6 | 132.2 | 30.3 | 145.0 | 114.7 |
Compensation of empoyees |
18.3 | 32.8 | 14.5 | 18.7 | 33.0 | 14.3 | 4.6 | 8.3 | 3.7 | 4.9 | 8.5 | 3.5 |
Investment income | -0.7 | 536.2 | 536.9 | 1.0 | 519.4 | 518.4 | 8.5 | 133.5 | 125.0 | 10.2 | 116.7 | 106.5 |
Direct investment |
71.3 | 325.6 | 254.3 | 69.9 | 307.2 | 237.2 | 20.9 | 84.2 | 63.3 | 19.5 | 65.8 | 46.2 |
of which: Reinvested earnings |
-25.7 | 25.9 | 51.5 | -28.5 | 38.9 | 67.4 | -9.3 | -9.5 | -0.2 | -12.1 | 3.5 | 15.6 |
Portfolio investment |
-70.9 | 163.0 | 233.9 | -67.9 | 166.2 | 234.1 | -12.4 | 36.7 | 49.1 | -9.4 | 39.8 | 49.2 |
Dividends | 2.3 | 54.9 | 52.6 | 2.9 | 56.1 | 53.2 | 4.0 | 10.3 | 6.3 | 4.6 | 11.5 | 6.9 |
Income on investment fund shares |
-70.1 | 5.1 | 75.2 | -72.8 | 4.7 | 77.5 | -13.6 | 1.4 | 15.0 | -16.3 | 0.9 | 17.2 |
Interest | -3.1 | 103.0 | 106.1 | 2.0 | 105.4 | 103.5 | -2.7 | 25.0 | 27.7 | 2.3 | 27.4 | 25.1 |
Other investment |
-4.1 | 44.6 | 48.7 | -4.0 | 43.1 | 47.1 | -0.8 | 11.8 | 12.6 | -0.7 | 10.4 | 11.1 |
of which: interest | -2.9 | 41.5 | 44.5 | -3.0 | 40.0 | 43.0 | -0.6 | 10.9 | 11.5 | -0.6 | 9.4 | 10.0 |
Reserve assets |
3.0 | 2.9 | 0.8 | 0.7 | ||||||||
Other primary income |
23.6 | 39.3 | 15.7 | 22.4 | 39.3 | 16.9 | 16.3 | 19.9 | 3.5 | 15.2 | 19.8 | 4.7 |
Secondary income | -137.7 | 91.2 | 229.0 | -140.9 | 93.2 | 234.1 | -29.3 | 22.9 | 52.2 | -32.4 | 24.9 | 57.3 |
Source: ECB.