Table 2: Quarterly balance of payments and international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| Q1 2006 | Q2 2006 (revised) | Q3 2006 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End-of-periodoutstandingamounts | Transactions1) | Other changes | End-of-periodoutstandingamounts | Transactions1) | Other changes | End-of-period outstandingamounts | |||||||||
| as % ofpreviousend-periodoutstandingamounts | as % ofpreviousend-periodoutstandingamounts | 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 | -960.3 | -48.5 | - | 148.6 | -860.2 | -52.1 | - | -52.9 | -965.2 | -11.5 | |||||
| Direct investment | 327.7 | 16.4 | - | 11.4 | 355.5 | 41.3 | - | 0.8 | 397.6 | 4.8 | |||||
| Abroad | 2,747.5 | 109.2 | 4.0 | -9.2 | 2,847.5 | 69.0 | 2.4 | 12.3 | 2,928.8 | 35.0 | |||||
| Equity/reinvested earnings | 2,219.1 | 88.2 | 4.0 | -7.1 | 2,300.2 | 60.3 | 2.6 | 19.8 | 2,380.3 | 28.5 | |||||
| Other capital | 528.4 | 21.0 | 4.0 | -2.1 | 547.3 | 8.7 | 1.6 | -7.5 | 548.5 | 6.6 | |||||
| In the euro area | 2,419.8 | 92.8 | 3.8 | -20.7 | 2,492.0 | 27.7 | 1.1 | 11.5 | 2,531.1 | 30.3 | |||||
| Equity/reinvested earnings | 1,814.7 | 79.5 | 4.4 | -12.7 | 1,881.5 | 25.3 | 1.3 | 17.5 | 1,924.2 | 23.0 | |||||
| Other capital | 605.1 | 13.4 | 2.2 | -8.0 | 610.5 | 2.4 | 0.4 | -6.0 | 606.9 | 7.3 | |||||
| Portfolio investment | -1,217.9 | -96.3 | - | 78.4 | -1,235.8 | -28.4 | - | -29.4 | -1,293.6 | -15.5 | |||||
| Assets | 4,082.3 | 41.9 | 1.0 | -147.1 | 3,977.1 | 121.8 | 3.1 | 108.2 | 4,207.1 | 50.3 | |||||
| Equity securities | 1,875.1 | -19.0 | -1.0 | -91.0 | 1,765.2 | 31.0 | 1.8 | 77.4 | 1,873.6 | 22.4 | |||||
| Debt securities | 2,207.2 | 60.9 | 2.8 | -56.2 | 2,211.9 | 90.8 | 4.1 | 30.8 | 2,333.5 | 27.9 | |||||
| Bonds and notes | 1,896.7 | 49.5 | 2.6 | -56.4 | 1,889.8 | 67.8 | 3.6 | 27.4 | 1,985.1 | 23.7 | |||||
| Money market instruments | 310.4 | 11.4 | 3.7 | 0.2 | 322.1 | 23.0 | 7.1 | 3.4 | 348.4 | 4.2 | |||||
| Liabilities | 5,300.2 | 138.2 | 2.6 | -225.5 | 5,212.9 | 150.2 | 2.9 | 137.6 | 5,500.7 | 65.8 | |||||
| Equity securities | 2,671.4 | 35.7 | 1.3 | -139.3 | 2,567.9 | 67.8 | 2.6 | 133.7 | 2,769.3 | 33.1 | |||||
| Debt securities | 2,628.8 | 102.5 | 3.9 | -86.2 | 2,645.0 | 82.4 | 3.1 | 3.9 | 2,731.3 | 32.7 | |||||
| Bonds and notes | 2,309.8 | 113.8 | 4.9 | -92.0 | 2,331.6 | 75.9 | 3.3 | 5.9 | 2,413.3 | 28.9 | |||||
| Money market instruments | 319.0 | -11.3 | -3.5 | 5.7 | 313.4 | 6.5 | 2.1 | -1.9 | 318.0 | 3.8 | |||||
| Financial derivatives | -6.7 | 2.8 | - | 1.9 | -2.1 | -7.7 | - | -5.7 | -15.5 | -0.2 | |||||
| Other investment | -390.6 | 27.2 | - | 61.7 | -301.7 | -60.6 | - | -16.5 | -378.8 | -4.5 | |||||
| Assets | 3,851.3 | 106.1 | 2.8 | -18.6 | 3,938.8 | 154.1 | 3.9 | 6.2 | 4,099.1 | 49.0 | |||||
| Eurosystem | 8.4 | -0.8 | -9.0 | 0.4 | 8.0 | -0.2 | -3.1 | -0.3 | 7.5 | 0.1 | |||||
| General government | 93.6 | 11.2 | 11.9 | -1.4 | 103.3 | -12.4 | -12.0 | 0.1 | 91.0 | 1.1 | |||||
| MFIs excluding Eurosystem | 2,630.7 | 57.6 | 2.2 | -44.2 | 2,644.2 | 119.4 | 4.5 | 5.3 | 2,768.9 | 33.1 | |||||
| Other sectors | 1,118.6 | 38.1 | 3.4 | 26.6 | 1,183.3 | 47.3 | 4.0 | 1.1 | 1,231.7 | 14.7 | |||||
| Liabilities | 4,241.9 | 78.9 | 1.9 | -80.3 | 4,240.5 | 214.7 | 5.1 | 22.7 | 4,477.9 | 53.6 | |||||
| Eurosystem | 86.8 | 2.3 | 2.7 | 1.7 | 90.8 | 4.9 | 5.4 | 0.2 | 95.9 | 1.1 | |||||
| General government | 43.5 | 0.3 | 0.7 | -0.9 | 42.9 | 6.5 | 15.0 | 0.3 | 49.7 | 0.6 | |||||
| MFIs excluding Eurosystem | 3,290.8 | 10.5 | 0.3 | -56.0 | 3,245.2 | 160.7 | 5.0 | 8.0 | 3,413.9 | 40.8 | |||||
| Other sectors | 820.8 | 65.8 | 8.0 | -25.1 | 861.5 | 42.6 | 4.9 | 14.3 | 918.4 | 11.0 | |||||
| Reserve assets | 327.2 | 1.4 | 0.4 | -4.7 | 323.8 | 3.2 | 1.0 | -2.0 | 325.1 | 3.9 | |||||