Table 3: Revisions of the euro area balance of payments and international investment position (difference vis-à-vis previously published data)
(EUR billions)
| 2004 | 2005 | 2006 | 2007 | 2008 | ||
|---|---|---|---|---|---|---|
| Transactions | ||||||
| Source: ECB. | ||||||
| Current account | 1.1 | 2.5 | 0.2 | -0.4 | -42.3 | |
| credit | 1.7 | 1.2 | 5.3 | 10.9 | -16.2 | |
| debit | 0.6 | -1.3 | 5.0 | 11.3 | 26.1 | |
| Goods | 1.2 | 0.0 | -1.6 | -0.4 | -5.4 | |
| credit (exports) | 1.4 | 0.0 | -0.4 | 2.8 | 1.5 | |
| debit (imports) | 0.2 | -0.0 | 1.2 | 3.2 | 6.9 | |
| Services | -0.1 | -0.0 | -1.7 | -0.9 | -2.1 | |
| credit (exports) | 0.2 | -0.0 | 0.4 | 1.5 | 3.3 | |
| debit (imports) | 0.3 | -0.0 | 2.1 | 2.3 | 5.5 | |
| Income | 0.1 | 2.5 | 3.7 | 1.4 | -33.1 | |
| credit | 0.1 | 1.2 | 3.6 | 5.1 | -20.8 | |
| debit | 0.1 | -1.3 | -0.1 | 3.7 | 12.3 | |
| Current transfers | -0.0 | -0.0 | -0.1 | -0.5 | -1.7 | |
| credit | 0.0 | -0.0 | 1.8 | 1.5 | -0.2 | |
| debit | 0.0 | -0.0 | 1.9 | 2.0 | 1.5 | |
| Capital account | 0.3 | -0.1 | -8.7 | -2.0 | ||
| credit | 0.3 | -0.1 | -0.2 | -1.5 | ||
| debit | 0.0 | 8.5 | 0.5 | |||
| Financial account balance | -54.4 | -47.8 | -150.5 | -42.4 | -139.3 | |
| Direct investment | -0.1 | -0.0 | -2.6 | 19.6 | 53.2 | |
| Abroad | -0.1 | -0.0 | -0.2 | -7.0 | 21.5 | |
| In the euro area | 0.0 | -0.0 | -2.4 | 26.6 | 31.7 | |
| Portfolio investment | -28.0 | -18.7 | -105.0 | -8.5 | -91.0 | |
| Assets | -0.0 | 0.0 | 7.8 | 2.8 | -11.2 | |
| Liabilities | -28.0 | -18.7 | -112.8 | -11.3 | -79.8 | |
| Financial derivatives | -0.0 | -0.0 | -3.9 | 2.4 | -9.0 | |
| Other investment | -26.3 | -29.4 | -38.6 | -56.0 | -92.5 | |
| Assets | -26.4 | -29.4 | -51.6 | -42.5 | -86.7 | |
| Liabilities | 0.1 | 0.0 | 13.0 | -13.5 | -5.9 | |
| Reserve assets | 0.3 | -0.4 | 0.0 | -0.1 | ||
| Errors and omissions | 53.3 | 45.0 | 150.4 | 51.6 | 183.6 | |
| Outstanding amounts | ||||||
| Net international investment position | 61.0 | 104.6 | 31.5 | -84.1 | 167.2 | |
| Direct investment | 0.0 | 0.0 | 20.9 | 7.5 | 8.0 | |
| Portfolio investment | 34.7 | 51.3 | -82.9 | -238.8 | -52.4 | |
| Financial derivatives | 0.0 | 0.0 | 0.1 | -15.8 | -37.4 | |
| Other investment | 26.3 | 55.7 | 95.2 | 163.2 | 248.9 | |
| Reserve assets | 0.0 | -2.4 | -1.9 | -0.2 | -0.0 | |