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)
| Q2 2006 | Q3 2006 (revised) | Q4 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 | -865.0 | -51.0 | - | -41.1 | -957.1 | 28.8 | - | -41.4 | -969.7 | -11.5 | |||||
| Direct investment | 376.8 | 43.9 | - | 12.7 | 433.4 | 57.3 | - | -17.4 | 473.3 | 5.6 | |||||
| Abroad | 2,854.2 | 73.5 | 2.6 | 17.2 | 2,944.9 | 72.5 | 2.5 | -11.1 | 3,006.2 | 35.8 | |||||
| Equity/reinvested earnings | 2,311.2 | 65.1 | 2.8 | 18.3 | 2,394.6 | 57.5 | 2.4 | -6.5 | 2,445.6 | 29.1 | |||||
| Other capital | 543.0 | 8.4 | 1.6 | -1.2 | 550.3 | 14.9 | 2.7 | -4.6 | 560.6 | 6.7 | |||||
| In the euro area | 2,477.5 | 29.6 | 1.2 | 4.5 | 2,511.5 | 15.2 | 0.6 | 6.3 | 2,532.9 | 30.2 | |||||
| Equity/reinvested earnings | 1,867.5 | 25.6 | 1.4 | 14.8 | 1,907.8 | 5.8 | 0.3 | -8.3 | 1,905.3 | 22.7 | |||||
| Other capital | 610.0 | 4.0 | 0.7 | -10.3 | 603.7 | 9.4 | 1.6 | 14.6 | 627.6 | 7.5 | |||||
| Portfolio investment | -1,254.2 | -22.3 | - | -18.2 | -1,294.7 | -130.0 | - | -48.9 | -1,473.6 | -17.5 | |||||
| Assets | 3,979.2 | 118.9 | 3.0 | 115.5 | 4,213.6 | 122.8 | 2.9 | 57.0 | 4,393.5 | 52.3 | |||||
| Equity securities | 1,767.0 | 28.5 | 1.6 | 83.7 | 1,879.2 | 22.2 | 1.2 | 86.1 | 1,987.5 | 23.7 | |||||
| Debt securities | 2,212.2 | 90.4 | 4.1 | 31.8 | 2,334.4 | 100.6 | 4.3 | -29.1 | 2,406.0 | 28.6 | |||||
| Bonds and notes | 1,890.2 | 68.0 | 3.6 | 27.8 | 1,986.0 | 80.2 | 4.0 | -24.3 | 2,041.8 | 24.3 | |||||
| Money market instruments | 322.0 | 22.4 | 7.0 | 4.0 | 348.5 | 20.4 | 5.9 | -4.7 | 364.1 | 4.3 | |||||
| Liabilities | 5,233.4 | 141.2 | 2.7 | 133.8 | 5,508.4 | 252.8 | 4.6 | 105.9 | 5,867.1 | 69.8 | |||||
| Equity securities | 2,563.7 | 53.5 | 2.1 | 130.9 | 2,748.1 | 83.6 | 3.0 | 158.6 | 2,990.4 | 35.6 | |||||
| Debt securities | 2,669.7 | 87.7 | 3.3 | 2.8 | 2,760.2 | 169.2 | 6.1 | -52.7 | 2,876.7 | 34.2 | |||||
| Bonds and notes | 2,356.6 | 80.9 | 3.4 | 5.0 | 2,442.4 | 180.2 | 7.4 | -46.5 | 2,576.1 | 30.7 | |||||
| Money market instruments | 313.2 | 6.8 | 2.2 | -2.1 | 317.8 | -10.9 | -3.4 | -6.3 | 300.6 | 3.6 | |||||
| Financial derivatives | -2.1 | -7.9 | - | -5.5 | -15.4 | 0.8 | - | -0.7 | -15.3 | -0.2 | |||||
| Other investment | -309.4 | -67.8 | - | -28.2 | -405.4 | 98.1 | - | 27.4 | -279.9 | -3.3 | |||||
| Assets | 3,936.6 | 144.5 | 3.7 | -7.2 | 4,073.9 | 273.6 | 6.7 | -37.0 | 4,310.5 | 51.3 | |||||
| Eurosystem | 8.6 | -0.5 | -5.7 | -0.3 | 7.7 | 1.1 | 14.1 | 0.0 | 8.8 | 0.1 | |||||
| General government | 107.5 | -12.3 | -11.5 | 0.0 | 95.2 | 5.5 | 5.7 | -0.9 | 99.9 | 1.2 | |||||
| MFIs excluding Eurosystem | 2,637.3 | 119.9 | 4.5 | 5.3 | 2,762.4 | 209.1 | 7.6 | -33.8 | 2,937.7 | 35.0 | |||||
| Other sectors | 1,183.2 | 37.4 | 3.2 | -12.2 | 1,208.4 | 58.0 | 4.8 | -2.4 | 1,264.1 | 15.0 | |||||
| Liabilities | 4,246.0 | 212.3 | 5.0 | 21.0 | 4,479.2 | 175.6 | 3.9 | -64.4 | 4,590.4 | 54.7 | |||||
| Eurosystem | 90.8 | 4.9 | 5.4 | 0.2 | 95.9 | 4.7 | 4.9 | -0.4 | 100.2 | 1.2 | |||||
| General government | 43.4 | 6.3 | 14.5 | 0.5 | 50.2 | -3.2 | -6.4 | 1.6 | 48.5 | 0.6 | |||||
| MFIs excluding Eurosystem | 3,244.1 | 161.7 | 5.0 | 7.3 | 3,413.1 | 95.4 | 2.8 | -38.8 | 3,469.8 | 41.3 | |||||
| Other sectors | 867.6 | 39.4 | 4.5 | 13.0 | 920.1 | 78.7 | 8.6 | -26.9 | 971.9 | 11.6 | |||||
| Reserve assets | 323.8 | 3.2 | 1.0 | -2.0 | 325.1 | 2.7 | 0.8 | -1.9 | 325.8 | 3.9 | |||||