Table 1a: Quarterly balance of payments of the euro area with a geographical breakdown
(EUR billions, otherwise indicated; transactions in Q2 2005, non-seasonally adjusted data)
| Total | European Union | Canada | Japan | Switzer-land | UnitedStates | Offshorefinancialcentres | Interna-tionalorgani-sations | Othercountries | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Denmark | Sweden | UnitedKingdom | Other EUcountries | EUinsti-tutions | ||||||||||
| Source: ECB. | |||||||||||||||
| ( 1 ) Financial account: inflows (+); outflows (−). Reserve assets: increase (−); decrease (+). | |||||||||||||||
| Current account | -13.3 | 19.4 | 2.3 | 1.1 | 17.4 | 6.9 | -8.3 | 1.3 | -8.5 | 2.5 | -2.9 | - | - | -25.1 | |
| credit | 496.7 | 179.4 | 10.7 | 17.0 | 97.6 | 43.6 | 10.4 | 6.7 | 12.5 | 36.0 | 84.2 | - | - | 178.0 | |
| debit | 510.0 | 159.9 | 8.4 | 15.8 | 80.3 | 36.7 | 18.7 | 5.4 | 21.0 | 33.5 | 87.0 | - | - | 203.2 | |
| Goods | 18.8 | 21.8 | 0.6 | 1.0 | 14.1 | 6.0 | 0.0 | 1.6 | -4.5 | 2.3 | 15.7 | - | - | -18.1 | |
| credit (exports) | 304.3 | 105.8 | 7.1 | 11.5 | 51.9 | 35.3 | 0.0 | 3.9 | 8.2 | 17.0 | 46.1 | - | - | 123.2 | |
| as percentage of total | 100.0 | 34.8 | 2.3 | 3.8 | 17.0 | 11.6 | 0.0 | 1.3 | 2.7 | 5.6 | 15.1 | - | - | 40.5 | |
| debit (imports) | 285.5 | 84.1 | 6.5 | 10.5 | 37.8 | 29.3 | 0.0 | 2.3 | 12.7 | 14.8 | 30.3 | - | - | 141.3 | |
| as percentage of total | 100.0 | 29.4 | 2.3 | 3.7 | 13.2 | 10.3 | 0.0 | 0.8 | 4.5 | 5.2 | 10.6 | - | - | 49.5 | |
| Services | 9.5 | 6.2 | 0.5 | 0.6 | 5.6 | -1.5 | 1.0 | 0.1 | 0.8 | 3.1 | 0.2 | - | - | -0.8 | |
| credit (exports) | 95.0 | 34.0 | 2.0 | 2.6 | 24.1 | 4.3 | 1.0 | 1.4 | 2.6 | 9.7 | 18.6 | - | - | 28.7 | |
| as percentage of total | 100.0 | 35.8 | 2.1 | 2.8 | 25.4 | 4.5 | 1.1 | 1.5 | 2.7 | 10.2 | 19.6 | - | - | 30.2 | |
| debit (imports) | 85.5 | 27.9 | 1.5 | 2.1 | 18.5 | 5.8 | 0.0 | 1.3 | 1.8 | 6.6 | 18.4 | - | - | 29.5 | |
| as percentage of total | 100.0 | 32.6 | 1.7 | 2.4 | 21.6 | 6.8 | 0.0 | 1.5 | 2.1 | 7.7 | 21.6 | - | - | 34.5 | |
| Income | -25.5 | 0.4 | 1.3 | -0.4 | -2.9 | 2.3 | 0.1 | -0.0 | -4.7 | -3.3 | -18.4 | - | - | 0.5 | |
| credit | 80.8 | 28.7 | 1.6 | 2.7 | 19.3 | 3.6 | 1.5 | 1.3 | 1.7 | 7.8 | 17.8 | - | - | 23.6 | |
| debit | 106.3 | 28.3 | 0.3 | 3.2 | 22.2 | 1.3 | 1.3 | 1.3 | 6.4 | 11.0 | 36.2 | - | - | 23.1 | |
| of which: investment income | -27.4 | 0.1 | 1.3 | -0.4 | -3.0 | 2.9 | -0.6 | -0.0 | -4.7 | -4.6 | -18.5 | - | - | 0.4 | |
| credit | 77.1 | 27.5 | 1.5 | 2.7 | 19.0 | 3.6 | 0.7 | 1.3 | 1.7 | 6.3 | 17.4 | - | - | 23.0 | |
| debit | 104.5 | 27.4 | 0.3 | 3.1 | 22.0 | 0.7 | 1.3 | 1.3 | 6.4 | 10.9 | 35.9 | - | - | 22.6 | |
| Current transfers | -16.1 | -9.0 | 0.0 | -0.0 | 0.6 | 0.0 | -9.5 | -0.3 | -0.0 | 0.3 | -0.4 | - | - | -6.8 | |
| credit | 16.6 | 10.7 | 0.1 | 0.1 | 2.3 | 0.4 | 7.8 | 0.1 | 0.0 | 1.5 | 1.7 | - | - | 2.5 | |
| debit | 32.7 | 19.7 | 0.1 | 0.2 | 1.8 | 0.3 | 17.3 | 0.4 | 0.1 | 1.1 | 2.1 | - | - | 9.3 | |
| Capital account | 3.9 | 4.9 | -0.0 | -0.0 | 0.1 | -0.0 | 4.8 | -0.0 | 0.1 | -0.1 | 0.0 | - | - | -0.9 | |
| credit | 5.7 | 5.1 | 0.0 | 0.0 | 0.3 | 0.0 | 4.8 | 0.0 | 0.1 | 0.1 | 0.1 | - | - | 0.3 | |
| debit | 1.8 | 0.2 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.1 | - | - | 1.2 | |
| Financial account balance1) | 46.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Direct investment | -11.6 | -3.6 | -3.9 | 0.4 | -1.6 | 1.5 | 0.0 | -0.2 | -0.4 | 8.1 | 0.9 | -1.8 | 0.1 | -14.6 | |
| Abroad | -27.0 | -10.8 | -3.3 | 0.2 | 3.8 | -11.5 | 0.0 | -0.4 | -0.6 | 4.7 | -4.7 | -1.3 | 0.0 | -14.1 | |
| Equity/reinvested earnings | -21.4 | -10.9 | -4.0 | -1.2 | 5.1 | -10.9 | 0.0 | -0.2 | -0.4 | 0.2 | -2.2 | -1.2 | 0.0 | -6.8 | |
| Other capital | -5.7 | 0.2 | 0.7 | 1.4 | -1.3 | -0.6 | 0.0 | -0.2 | -0.2 | 4.5 | -2.5 | -0.1 | 0.0 | -7.4 | |
| In the euro area | 15.4 | 7.2 | -0.6 | 0.3 | -5.4 | 12.9 | 0.0 | 0.1 | 0.1 | 3.4 | 5.5 | -0.6 | 0.1 | -0.5 | |
| Equity/reinvested earnings | 4.6 | 6.1 | -0.8 | -0.4 | 7.3 | 0.1 | 0.0 | 0.1 | 0.1 | 0.9 | -0.7 | -2.4 | -0.0 | 0.4 | |
| Other capital | 10.9 | 1.1 | 0.2 | 0.7 | -12.7 | 12.9 | 0.0 | 0.1 | 0.0 | 2.4 | 6.3 | 1.8 | 0.1 | -0.9 | |
| Portfolio investment | 106.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Assets | -89.7 | -46.5 | -2.7 | -3.1 | -32.5 | -5.2 | -3.0 | -1.1 | -5.0 | 1.9 | -8.7 | -11.3 | -0.3 | -18.7 | |
| Equity | -0.7 | -0.3 | -0.3 | 0.2 | -0.2 | 0.1 | -0.0 | -0.9 | 2.6 | 1.6 | 6.0 | -3.0 | -0.1 | -6.7 | |
| Debt | -89.0 | -46.2 | -2.4 | -3.3 | -32.3 | -5.3 | -3.0 | -0.2 | -7.6 | 0.2 | -14.7 | -8.3 | -0.2 | -12.0 | |
| Bonds and notes | -74.3 | -34.5 | -1.6 | -2.0 | -20.8 | -6.9 | -3.3 | -0.7 | -7.9 | -0.1 | -14.5 | -8.1 | -0.2 | -8.5 | |
| Money market instruments | -14.7 | -11.7 | -0.8 | -1.3 | -11.5 | 1.6 | 0.3 | 0.4 | 0.3 | 0.3 | -0.2 | -0.2 | -0.1 | -3.5 | |
| Liabilities | 196.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Equity | 27.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Debt | 168.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Bonds and notes | 155.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Money market instruments | 13.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Financial derivatives | 3.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Other investment | -55.3 | -26.8 | 4.1 | 9.1 | -38.1 | -8.2 | 6.4 | -4.1 | -11.7 | -3.7 | 17.7 | -44.9 | 6.6 | 11.6 | |
| Assets | -160.4 | -82.9 | -4.0 | 8.5 | -76.8 | -9.2 | -1.5 | -3.4 | -7.5 | -0.5 | -23.3 | -33.1 | -0.4 | -9.1 | |
| General government | -7.4 | -6.7 | -1.5 | -0.3 | -6.3 | 1.2 | 0.1 | -0.3 | 0.0 | -0.1 | 0.0 | 0.3 | -0.5 | -0.0 | |
| MFIs | -98.7 | -40.0 | -1.4 | 8.7 | -35.7 | -10.1 | -1.5 | -2.9 | -7.1 | 2.2 | -18.6 | -30.0 | 0.1 | -2.5 | |
| Other sectors | -54.3 | -36.2 | -1.1 | 0.1 | -34.8 | -0.3 | -0.1 | -0.2 | -0.5 | -2.7 | -4.8 | -3.5 | 0.0 | -6.6 | |
| Liabilities | 105.1 | 56.2 | 8.1 | 0.5 | 38.6 | 1.0 | 7.8 | -0.7 | -4.1 | -3.2 | 41.0 | -11.8 | 7.0 | 20.7 | |
| General government | -1.8 | 0.8 | -0.0 | 0.0 | -0.2 | -0.0 | 1.1 | 0.0 | -0.2 | -3.0 | 0.3 | 0.0 | -0.2 | 0.4 | |
| MFIs | 45.6 | 8.0 | 8.1 | 0.6 | -6.1 | 0.4 | 5.1 | -0.4 | -3.4 | 0.4 | 25.4 | -13.5 | 7.2 | 22.0 | |
| Other sectors | 61.3 | 47.3 | 0.1 | -0.1 | 45.0 | 0.7 | 1.7 | -0.3 | -0.6 | -0.6 | 15.3 | 1.7 | 0.0 | -1.7 | |
| Reserve assets | 3.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Errors and omissions | -36.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | |