Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 1999 | 2000 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August | January – August | August | January – August | ||||||||||
| 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 | 100.6 | 102.4 | −1.8 | 865.5 | 861.5 | 3.9 | 120.8 | 123.0 | −2.2 | 1000.2 | 1019.1 | −18.9 | |
| Goods | 60.4 | 55.7 | 4.6 | 516.6 | 459.1 | 57.6 | 75.5 | 70.9 | 4.6 | 619.6 | 582.6 | 37.0 | |
| Services | 20.8 | 21.5 | −0.7 | 157.5 | 164.0 | −6.5 | 23.4 | 23.1 | 0.3 | 173.5 | 179.4 | −5.9 | |
| Income | 15.3 | 16.1 | −0.8 | 144.0 | 165.3 | −21.2 | 18.5 | 20.1 | −1.6 | 159.7 | 179.7 | −19.9 | |
| Current transfers | 4.1 | 9.1 | −5.0 | 47.3 | 73.2 | −25.9 | 3.4 | 9.0 | −5.6 | 47.4 | 77.5 | −30.1 | |
| CAPITAL ACCOUNT | 1.0 | 0.4 | 0.6 | 11.1 | 3.6 | 7.5 | 0.9 | 0.8 | 0.1 | 11.0 | 5.2 | 5.7 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | 15.8 | 35.3 | −3.9 | 48.0 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −13.6 | 4.4 | −9.2 | −135.3 | 61.2 | −74.0 | −53.7 | 8.0 | −45.7 | −198.8 | 271.6 | 72.8 | |
| Equity capital and reinvested earnings | −11.8 | 3.3 | −8.5 | −77.8 | 30.3 | −47.5 | −55.3 | 3.6 | −51.7 | −154.4 | 223.3 | 68.9 | |
| Other capital, mostly intercompany loans | −1.8 | 1.1 | −0.7 | −57.5 | 30.9 | −26.6 | 1.6 | 4.4 | 6.0 | −44.4 | 48.3 | 3.9 | |
| PORTFOLIO INVESTMENT | −24.2 | 27.4 | 3.1 | −206.7 | 155.6 | −51.1 | −21.6 | 36.9 | 15.3 | −291.5 | 160.1 | −131.4 | |
| Equity | −14.3 | 5.3 | −9.1 | −89.4 | 51.0 | −38.4 | −17.5 | 17.5 | −0.0 | −210.9 | −28.1 | −239.0 | |
| Debt instruments | −9.9 | 22.1 | 12.2 | −117.3 | 104.6 | −12.7 | −4.2 | 19.4 | 15.3 | −80.6 | 188.2 | 107.6 | |
| Bonds and notes | −9.9 | 15.1 | 5.2 | −135.3 | 74.5 | −60.7 | −4.0 | 15.5 | 11.5 | −74.3 | 138.6 | 64.3 | |
| Money market instruments | −0.0 | 7.0 | 7.0 | 18.0 | 30.1 | 48.0 | −0.2 | 4.0 | 3.8 | −6.4 | 49.6 | 43.3 | |
| FINANCIAL DERIVATIVES (NET) | 3.0 | 6.9 | −0.6 | 3.5 | |||||||||
| OTHER INVESTMENT | −12.2 | 30.8 | 18.6 | −32.9 | 176.3 | 143.4 | −32.6 | 58.5 | 25.9 | −138.3 | 238.4 | 100.0 | |
| Eurosystem | −5.1 | −1.8 | −6.8 | −2.9 | 5.6 | 2.7 | −0.2 | −1.5 | −1.7 | −8.3 | 3.2 | −5.1 | |
| General government | 1.1 | 0.3 | 1.4 | 1.6 | −7.3 | −5.7 | −1.5 | 0.1 | −1.3 | −3.0 | −2.8 | −5.8 | |
| MFIs (excluding the Eurosystem) | −6.8 | 31.8 | 25.1 | 10.9 | 146.2 | 157.1 | −22.0 | 26.6 | 4.6 | −63.2 | 188.2 | 125.0 | |
| Long-term | −5.7 | 1.5 | −4.2 | −38.9 | 42.2 | 3.3 | −3.8 | −1.0 | −4.7 | −21.7 | 33.4 | 11.7 | |
| Short-term | −1.1 | 30.3 | 29.2 | 49.8 | 104.0 | 153.8 | −18.2 | 27.6 | 9.3 | −41.5 | 154.7 | 113.2 | |
| Other sectors | −1.5 | 0.5 | −1.1 | −42.5 | 31.8 | −10.7 | −8.9 | 33.3 | 24.4 | −63.9 | 49.8 | −14.1 | |
| RESERVE ASSETS | 0.4 | 10.1 | 1.2 | 3.1 | |||||||||
| Errors and omissions | −14.6 | −46.7 | 6.1 | −34.8 | |||||||||