Table 2: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| Q4 2008 | Q1 2009 (revised) | Q2 2009 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1,803.9 | -106.4 | - | -207.1 | -2,117.4 | -8.9 | - | 91.0 | -2,035.4 | -22.4 | |||||
| Direct investment | 519.4 | 58.8 | - | 21.7 | 599.9 | 0.6 | - | 39.2 | 639.6 | 7.0 | |||||
| Abroad | 3,742.5 | 100.1 | 2.7 | -5.0 | 3,837.7 | 92.8 | 2.4 | 27.7 | 3,958.1 | 43.5 | |||||
| Equity/reinvested earnings | 2,951.6 | 55.6 | 1.9 | -18.3 | 2,988.9 | 75.4 | 2.5 | 27.6 | 3,092.0 | 34.0 | |||||
| Other capital | 790.9 | 44.6 | 5.6 | 13.3 | 848.7 | 17.4 | 2.0 | 0.0 | 866.1 | 9.5 | |||||
| In the euro area | 3,223.1 | 41.3 | 1.3 | -26.7 | 3,237.8 | 92.3 | 2.8 | -11.5 | 3,318.5 | 36.5 | |||||
| Equity/reinvested earnings | 2,394.4 | 44.0 | 1.8 | -10.8 | 2,427.6 | 71.0 | 2.9 | -5.9 | 2,492.7 | 27.4 | |||||
| Other capital | 828.7 | -2.7 | -0.3 | -15.9 | 810.1 | 21.2 | 2.6 | -5.6 | 825.8 | 9.1 | |||||
| Portfolio investment | -2,262.3 | -163.0 | - | -168.6 | -2,593.9 | -98.1 | - | 34.6 | -2,657.4 | -29.2 | |||||
| Assets | 3,723.6 | -71.2 | -1.9 | -14.0 | 3,638.4 | 41.1 | 1.1 | 180.0 | 3,859.5 | 42.5 | |||||
| Equity securities | 1,144.8 | -38.1 | -3.3 | -37.8 | 1,068.8 | 9.4 | 0.9 | 131.0 | 1,209.2 | 13.3 | |||||
| Debt securities | 2,578.8 | -33.0 | -1.3 | 23.8 | 2,569.6 | 31.7 | 1.2 | 49.0 | 2,650.4 | 29.2 | |||||
| Bonds and notes | 2,134.3 | -56.1 | -2.6 | 61.3 | 2,139.5 | 11.7 | 0.5 | 69.0 | 2,220.2 | 24.4 | |||||
| Money market instruments | 444.5 | 23.0 | 5.2 | -37.5 | 430.1 | 20.1 | 4.7 | -20.0 | 430.2 | 4.7 | |||||
| Liabilities | 5,985.8 | 91.8 | 1.5 | 154.7 | 6,232.3 | 139.2 | 2.2 | 145.4 | 6,516.9 | 71.7 | |||||
| Equity securities | 2,135.2 | -18.2 | -0.9 | 86.1 | 2,203.1 | 49.2 | 2.2 | 195.9 | 2,448.1 | 26.9 | |||||
| Debt securities | 3,850.7 | 110.0 | 2.9 | 68.6 | 4,029.2 | 90.1 | 2.2 | -50.5 | 4,068.8 | 44.8 | |||||
| Bonds and notes | 3,255.2 | 90.4 | 2.8 | 211.8 | 3,557.5 | 38.4 | 1.1 | -37.2 | 3,558.6 | 39.1 | |||||
| Money market instruments | 595.4 | 19.6 | 3.3 | -143.2 | 471.8 | 51.7 | 11.0 | -13.3 | 510.2 | 5.6 | |||||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,742.9 | -104.2 | - | -146.9 | -1,994.0 | -97.6 | - | 73.8 | -2,017.8 | -22.2 | |||||
| Financial derivatives | 1.2 | 5.3 | - | -57.2 | -50.7 | -20.3 | - | 13.1 | -57.9 | -0.6 | |||||
| Other investment | -436.4 | -1.9 | - | -30.2 | -468.4 | 106.5 | - | 20.7 | -341.2 | -3.8 | |||||
| Assets | 5,228.2 | -250.2 | -4.8 | 63.4 | 5,041.4 | -138.0 | -2.7 | -42.8 | 4,860.6 | 53.5 | |||||
| Eurosystem | 28.8 | -8.2 | -28.4 | 1.1 | 21.7 | 7.0 | 32.3 | -0.8 | 27.9 | 0.3 | |||||
| General government | 101.2 | 6.5 | 6.4 | 0.5 | 108.3 | -3.8 | -3.5 | -1.3 | 103.1 | 1.1 | |||||
| MFIs excluding Eurosystem | 3,273.9 | -236.4 | -7.2 | 56.4 | 3,094.0 | -82.8 | -2.7 | -38.5 | 2,972.6 | 32.7 | |||||
| Other sectors | 1,824.3 | -12.2 | -0.7 | 5.4 | 1,817.4 | -58.3 | -3.2 | -2.2 | 1,756.9 | 19.3 | |||||
| Liabilities | 5,664.6 | -248.4 | -4.4 | 93.6 | 5,509.8 | -244.5 | -4.4 | -63.6 | 5,201.8 | 57.2 | |||||
| Eurosystem | 481.5 | -82.2 | -17.1 | 4.9 | 404.2 | -89.3 | -22.1 | -1.4 | 313.5 | 3.4 | |||||
| General government | 61.7 | -3.7 | -5.9 | 0.7 | 58.7 | -2.6 | -4.5 | 0.5 | 56.6 | 0.6 | |||||
| MFIs excluding Eurosystem | 3,762.9 | -112.7 | -3.0 | 52.4 | 3,702.6 | -82.2 | -2.2 | -41.3 | 3,579.1 | 39.4 | |||||
| Other sectors | 1,358.6 | -49.9 | -3.7 | 35.6 | 1,344.3 | -70.3 | -5.2 | -21.4 | 1,252.6 | 13.8 | |||||
| Reserve assets | 374.2 | -5.7 | -1.5 | 27.2 | 395.7 | 2.4 | 0.6 | -16.7 | 381.5 | 4.2 | |||||