Table 3: Quarterly international investment position of the euro area

(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)


Q2 2012

Q3 2012 (revised)

Q4 2012

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
-1,178.3 41.6 - 9.4 -1,127.3 74.2 - -86.8 -1,139.9 -12.0
Direct investment 1,261.0 4.9 - 124.3 1,390.2 21.2 - -17.4 1,394.0 14.7
Abroad 5,868.8 52.6 0.9 -276.3 5,645.1 39.2 0.7 -27.8 5,656.5 59.6
Equity/reinvested earnings 4,469.1 30.7 0.7 -304.6 4,195.2 34.8 0.8 -52.4 4,177.6 44.0
Other capital 1,399.7 21.9 1.6 28.3 1,449.9 4.4 0.3 24.6 1,478.9 15.6
In the euro area 4,607.8 47.7 1.0 -400.6 4,254.9 18.0 0.4 -10.4 4,262.5 44.9
Equity/reinvested earnings 3,438.4 38.0 1.1 -441.2 3,035.2 21.4 0.7 -2.5 3,054.0 32.2
Other capital 1,169.4 9.7 0.8 40.7 1,219.7 -3.4 -0.3 -7.8 1,208.5 12.7
Portfolio investment -2,785.3 14.8 - -164.0 -2,934.5 -47.2 - -24.3 -3,006.0 -31.7
Assets 5,032.9 40.0 0.8 115.0 5,187.8 80.1 1.5 2.1 5,270.1 55.5
Equity securities 1,805.9 4.4 0.2 66.9 1,877.1 60.0 3.2 12.2 1,949.3 20.5
Debt securities 3,227.0 35.6 1.1 48.1 3,310.8 20.2 0.6 -10.1 3,320.8 35.0
Bonds and notes 2,730.7 34.4 1.3 51.6 2,816.8 39.0 1.4 -1.0 2,854.8 30.1
Money market instruments 496.3 1.1 0.2 -3.5 494.0 -18.9 -3.8 -9.1 466.0 4.9
Liabilities 7,818.2 25.2 0.3 279.0 8,122.4 127.3 1.6 26.4 8,276.1 87.2
Equity securities 3,206.0 21.8 0.7 135.4 3,363.3 57.5 1.7 26.2 3,447.0 36.3
Debt securities 4,612.2 3.3 0.1 143.6 4,759.1 69.8 1.5 0.2 4,829.1 50.9
Bonds and notes 4,141.1 45.0 1.1 138.5 4,324.5 49.4 1.1 1.8 4,375.7 46.1
Money market instruments 471.1 -41.6 -8.8 5.1 434.6 20.4 4.7 -1.6 453.4 4.8
MEMO ITEM: COMBINED DIRECT AND
PORTFOLIO INVESTMENT
-1,524.3 19.7 - -39.7 -1,544.3 -26.0 - -41.7 -1,612.0 -17.0
Financial derivatives -27.5 -2.8 - 9.1 -21.2 -16.1 - 20.5 -16.7 -0.2
Other investment -328.0 24.6 - 7.8 -295.5 113.3 - -40.2 -222.4 -2.3
Assets 4,941.2 -21.0 -0.4 3.5 4,923.7 -113.7 -2.3 -88.5 4,721.5 49.8
Eurosystem 35.0 6.2 17.6 -3.9 37.3 5.8 15.5 -2.9 40.1 0.4
General government 157.2 -9.0 -5.8 -0.9 147.2 18.7 12.7 1.6 167.6 1.8
MFIs excluding Eurosystem 3,145.9 -40.5 -1.3 -19.4 3,086.0 -117.1 -3.8 -48.6 2,920.3 30.8
Other sectors 1,603.1 22.4 1.4 27.7 1,653.2 -21.1 -1.3 -38.6 1,593.5 16.8
Liabilities 5,269.1 -45.7 -0.9 -4.3 5,219.2 -226.9 -4.3 -48.3 4,943.9 52.1
Eurosystem 413.4 21.0 5.1 -2.4 432.0 -0.2 -0.0 -2.9 428.9 4.5
General government 238.4 -4.5 -1.9 -2.4 231.5 -5.4 -2.3 2.4 228.5 2.4
MFIs excluding Eurosystem 3,316.7 -89.5 -2.7 -20.7 3,206.5 -204.5 -6.4 -35.8 2,966.2 31.3
Other sectors 1,300.6 27.4 2.1 21.2 1,349.2 -16.9 -1.3 -12.0 1,320.3 13.9
Reserve assets 701.5 0.1 0.0 32.2 733.8 3.0 0.4 -25.5 711.3 7.5
MEMO ITEM: GROSS EXTERNAL DEBT 11,768.7 - - - 11,939.1 - - - 11,745.6 123.8