Table 3: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| Q3 2012 | Q4 2012 (revised) | Q1 2013 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1,127.3 | 87.8 | - | -200.1 | -1,239.6 | 37.8 | - | 24.4 | -1,177.4 | -12.4 | |||||
| Direct investment | 1,390.2 | 40.4 | - | -22.2 | 1,408.4 | 23.6 | - | 30.2 | 1,462.3 | 15.4 | |||||
| Abroad | 5,645.1 | 70.0 | 1.2 | 114.9 | 5,830.0 | 65.9 | 1.1 | 23.9 | 5,919.9 | 62.3 | |||||
| Equity/reinvested earnings | 4,195.2 | 58.9 | 1.4 | 121.9 | 4,376.0 | 58.5 | 1.3 | 26.9 | 4,461.4 | 47.0 | |||||
| Other capital | 1,449.9 | 11.2 | 0.8 | -7.0 | 1,454.1 | 7.4 | 0.5 | -3.0 | 1,458.5 | 15.4 | |||||
| In the euro area | 4,254.9 | 29.6 | 0.7 | 137.1 | 4,421.6 | 42.3 | 1.0 | -6.3 | 4,457.6 | 46.9 | |||||
| Equity/reinvested earnings | 3,035.2 | 52.7 | 1.7 | 66.6 | 3,154.5 | 41.1 | 1.3 | 7.9 | 3,203.5 | 33.7 | |||||
| Other capital | 1,219.7 | -23.2 | -1.9 | 70.5 | 1,267.1 | 1.2 | 0.1 | -14.2 | 1,254.1 | 13.2 | |||||
| Portfolio investment | -2,934.5 | -85.3 | - | -29.9 | -3,049.7 | -10.7 | - | 25.5 | -3,034.9 | -31.9 | |||||
| Assets | 5,187.8 | 79.7 | 1.5 | -0.9 | 5,266.7 | 105.6 | 2.0 | 151.3 | 5,523.6 | 58.1 | |||||
| Equity securities | 1,877.1 | 59.7 | 3.2 | 10.7 | 1,947.5 | 62.1 | 3.2 | 132.2 | 2,141.8 | 22.5 | |||||
| Debt securities | 3,310.8 | 20.1 | 0.6 | -11.6 | 3,319.2 | 43.5 | 1.3 | 19.1 | 3,381.8 | 35.6 | |||||
| Bonds and notes | 2,816.8 | 38.5 | 1.4 | -2.9 | 2,852.4 | 35.0 | 1.2 | 28.5 | 2,915.8 | 30.7 | |||||
| Money market instruments | 494.0 | -18.5 | -3.7 | -8.7 | 466.8 | 8.5 | 1.8 | -9.3 | 466.0 | 4.9 | |||||
| Liabilities | 8,122.4 | 165.0 | 2.0 | 29.0 | 8,316.4 | 116.3 | 1.4 | 125.8 | 8,558.5 | 90.1 | |||||
| Equity securities | 3,363.3 | 95.7 | 2.8 | 40.3 | 3,499.3 | 51.9 | 1.5 | 97.8 | 3,648.9 | 38.4 | |||||
| Debt securities | 4,759.1 | 69.3 | 1.5 | -11.3 | 4,817.2 | 64.4 | 1.3 | 28.1 | 4,909.6 | 51.7 | |||||
| Bonds and notes | 4,324.5 | 44.0 | 1.0 | -15.5 | 4,353.0 | 31.3 | 0.7 | 31.7 | 4,415.9 | 46.5 | |||||
| Money market instruments | 434.6 | 25.3 | 5.8 | 4.3 | 464.2 | 33.2 | 7.1 | -3.6 | 493.7 | 5.2 | |||||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,544.3 | -44.9 | - | -52.1 | -1,641.3 | 13.0 | - | 55.7 | -1,572.7 | -16.6 | |||||
| Financial derivatives | -21.2 | -28.3 | - | 30.0 | -19.5 | -9.3 | - | -2.6 | -31.4 | -0.3 | |||||
| Other investment | -295.5 | 158.0 | - | -130.5 | -268.1 | 34.1 | - | -27.2 | -261.2 | -2.7 | |||||
| Assets | 4,923.7 | -127.9 | -2.6 | 25.4 | 4,821.2 | 64.7 | 1.3 | 8.1 | 4,894.0 | 51.5 | |||||
| Eurosystem | 37.3 | 5.8 | 15.5 | -2.9 | 40.1 | -6.9 | -17.1 | -0.3 | 33.0 | 0.3 | |||||
| General government | 147.2 | 18.4 | 12.5 | 0.5 | 166.2 | -11.0 | -6.6 | -2.8 | 152.4 | 1.6 | |||||
| MFIs excluding Eurosystem | 3,086.0 | -114.5 | -3.7 | -48.2 | 2,923.3 | 11.8 | 0.4 | 19.4 | 2,954.5 | 31.1 | |||||
| Other sectors | 1,653.2 | -37.7 | -2.3 | 76.0 | 1,691.5 | 70.8 | 4.2 | -8.2 | 1,754.1 | 18.5 | |||||
| Liabilities | 5,219.2 | -285.9 | -5.5 | 156.0 | 5,089.3 | 30.6 | 0.6 | 35.3 | 5,155.2 | 54.3 | |||||
| Eurosystem | 432.0 | -0.2 | -0.0 | -2.9 | 428.9 | -33.2 | -7.7 | 2.9 | 398.6 | 4.2 | |||||
| General government | 231.5 | -5.6 | -2.4 | 1.4 | 227.4 | -0.4 | -0.2 | -2.7 | 224.3 | 2.4 | |||||
| MFIs excluding Eurosystem | 3,206.5 | -216.4 | -6.7 | -32.1 | 2,958.0 | 0.6 | 0.0 | 18.5 | 2,977.2 | 31.3 | |||||
| Other sectors | 1,349.2 | -63.8 | -4.7 | 189.6 | 1,475.0 | 63.6 | 4.3 | 16.5 | 1,555.0 | 16.4 | |||||
| Reserve assets | 733.8 | 3.0 | 0.4 | -47.4 | 689.4 | -0.0 | -0.0 | -1.5 | 687.8 | 7.2 | |||||
| MEMO ITEM: GROSS EXTERNAL DEBT | 11,939.1 | - | - | - | 11,947.9 | - | - | - | 12,096.5 | 127.3 | |||||