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-period
outstanding
amounts
Transactions1)






Other changes





End-of-period
outstanding
amounts
Transactions1)






Other changes
End-of-period outstanding
amounts
as % of
previous
end-period
outstanding
amounts
as % of
previous
end-period
outstanding
amounts




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