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 2010
|
Q2 2010 (revised)
|
Q3 2010
|
End-of-period
outstanding
amounts |
Transactions1) |
Other changes |
End-of-period
outstanding
amounts |
Transactions1) |
Other changes |
End-of-period outstanding
amounts |
|
|
as % of
previous
end-period
outstanding
amounts |
|
as % of
previous
end-period
outstanding
amounts |
|
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
|
-1,324.6
|
-27.4
|
-
|
314.6
|
-1,037.4
|
7.9
|
-
|
-154.6
|
-1,184.1
|
-13.0
|
|
Direct investment
|
889.4
|
38.4
|
-
|
71.4
|
999.2
|
37.4
|
-
|
-39.2
|
997.4
|
10.9
|
|
Abroad
|
4,375.9
|
63.6
|
1.5
|
100.9
|
4,540.4
|
22.8
|
0.5
|
-56.6
|
4,506.6
|
49.5
|
|
Equity/reinvested earnings
|
3,380.3
|
16.1
|
0.5
|
98.1
|
3,494.5
|
25.3
|
0.7
|
-46.3
|
3,473.4
|
38.1
|
|
Other capital
|
995.6
|
47.5
|
4.8
|
2.8
|
1,045.9
|
-2.5
|
-0.2
|
-10.3
|
1,033.1
|
11.3
|
|
In the euro area
|
3,486.5
|
25.2
|
0.7
|
29.5
|
3,541.2
|
-14.6
|
-0.4
|
-17.4
|
3,509.1
|
38.5
|
|
Equity/reinvested earnings
|
2,611.7
|
13.8
|
0.5
|
4.3
|
2,629.8
|
21.5
|
0.8
|
-10.3
|
2,641.0
|
29.0
|
|
Other capital
|
874.8
|
11.4
|
1.3
|
25.2
|
911.5
|
-36.2
|
-4.0
|
-7.1
|
868.1
|
9.5
|
|
Portfolio investment
|
-2,554.8
|
-110.7
|
-
|
204.0
|
-2,461.5
|
13.9
|
-
|
-131.2
|
-2,578.8
|
-28.3
|
|
Assets
|
4,493.4
|
-18.3
|
-0.4
|
146.5
|
4,621.6
|
51.4
|
1.1
|
-44.3
|
4,628.6
|
50.8
|
|
Equity securities
|
1,641.9
|
-8.0
|
-0.5
|
20.3
|
1,654.1
|
7.7
|
0.5
|
33.4
|
1,695.2
|
18.6
|
|
Debt securities
|
2,851.5
|
-10.3
|
-0.4
|
126.2
|
2,967.5
|
43.7
|
1.5
|
-77.8
|
2,933.3
|
32.2
|
|
Bonds and notes
|
2,439.3
|
-4.4
|
-0.2
|
106.6
|
2,541.4
|
60.7
|
2.4
|
-59.3
|
2,542.8
|
27.9
|
|
Money market instruments
|
412.3
|
-5.9
|
-1.4
|
19.6
|
426.0
|
-17.0
|
-4.0
|
-18.5
|
390.5
|
4.3
|
|
Liabilities
|
7,048.2
|
92.4
|
1.3
|
-57.6
|
7,083.1
|
37.4
|
0.5
|
86.9
|
7,207.4
|
79.1
|
|
Equity securities
|
2,829.3
|
11.0
|
0.4
|
-87.3
|
2,753.0
|
47.7
|
1.7
|
57.0
|
2,857.7
|
31.4
|
|
Debt securities
|
4,218.9
|
81.4
|
1.9
|
29.7
|
4,330.1
|
-10.3
|
-0.2
|
29.9
|
4,349.7
|
47.7
|
|
Bonds and notes
|
3,683.2
|
89.2
|
2.4
|
60.1
|
3,832.4
|
-39.2
|
-1.0
|
30.8
|
3,824.0
|
42.0
|
|
Money market instruments
|
535.8
|
-7.8
|
-1.5
|
-30.4
|
497.6
|
28.9
|
5.8
|
-0.8
|
525.7
|
5.8
|
MEMO ITEM: COMBINED DIRECT AND
PORTFOLIO INVESTMENT
|
-1,665.4
|
-72.3
|
-
|
275.4
|
-1,462.3
|
51.4
|
-
|
-170.4
|
-1,581.4
|
-17.4
|
|
Financial derivatives
|
-39.0
|
-1.9
|
-
|
-4.1
|
-45.0
|
-0.3
|
-
|
-7.3
|
-52.6
|
-0.6
|
|
Other investment
|
-118.8
|
47.8
|
-
|
-42.3
|
-113.3
|
-48.2
|
-
|
59.1
|
-102.4
|
-1.1
|
|
Assets
|
5,084.1
|
44.8
|
0.9
|
136.3
|
5,265.2
|
-0.4
|
-0.0
|
-122.6
|
5,142.2
|
56.4
|
|
Eurosystem
|
24.1
|
-3.4
|
-14.0
|
3.6
|
24.3
|
1.5
|
6.0
|
-1.3
|
24.5
|
0.3
|
|
General government
|
106.6
|
6.4
|
6.0
|
1.4
|
114.5
|
4.8
|
4.2
|
-3.1
|
116.1
|
1.3
|
|
MFIs excluding Eurosystem
|
2,971.9
|
2.3
|
0.1
|
107.8
|
3,082.0
|
-17.5
|
-0.6
|
-99.7
|
2,964.8
|
32.5
|
|
Other sectors
|
1,981.4
|
39.4
|
2.0
|
23.5
|
2,044.3
|
11.0
|
0.5
|
-18.5
|
2,036.8
|
22.4
|
|
Liabilities
|
5,202.9
|
-3.0
|
-0.1
|
178.5
|
5,378.4
|
47.8
|
0.9
|
-181.7
|
5,244.6
|
57.6
|
|
Eurosystem
|
267.1
|
-0.6
|
-0.2
|
-6.5
|
260.0
|
-2.6
|
-1.0
|
-8.3
|
249.1
|
2.7
|
|
General government
|
77.5
|
8.3
|
10.7
|
2.3
|
88.2
|
4.8
|
5.4
|
-1.6
|
91.3
|
1.0
|
|
MFIs excluding Eurosystem
|
3,578.2
|
-12.9
|
-0.4
|
161.9
|
3,727.3
|
1.8
|
0.0
|
-130.2
|
3,598.9
|
39.5
|
|
Other sectors
|
1,280.1
|
2.2
|
0.2
|
20.8
|
1,303.0
|
43.9
|
3.4
|
-41.6
|
1,305.3
|
14.3
|
|
Reserve assets
|
498.7
|
-1.0
|
-0.2
|
85.6
|
583.3
|
4.9
|
0.8
|
-36.0
|
552.2
|
6.1
|
|
MEMO ITEM: GROSS EXTERNAL DEBT
|
10,808.7
|
-
|
-
|
-
|
11,155.8
|
-
|
-
|
-
|
10,981.5
|
120.5
|
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