Table 1: Current account of the euro area

(EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

	Cumulated figures for the four-quarter period ending in						Q1 2015			Q1 2016
	Q1 2015			Q1 2016
	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit
Current account	269.9	3,456.2	3,186.3	335.3	3,593.4	3,258.1	54.9	860.1	805.3	60.6	844.8	784.2
Percentage of GDP1	2.7	34.0	31.3	3.2	34.3	31.1	-	-	-	-	-	-
Goods	275.6	2,006.8	1,731.2	361.6	2,106.5	1,744.9	74.1	509.8	435.8	81.3	501.9	420.5
of which: General merchandise	260.9	1,953.9	1,693.0	340.4	2,046.8	1,706.4	69.7	495.5	425.9	78.6	489.3	410.7
Services	68.9	723.0	654.2	60.0	774.2	714.2	6.9	172.8	165.8	8.8	177.8	169.0
Transport	6.3	131.0	124.7	5.2	130.6	125.4	0.7	31.9	31.2	-0.2	29.5	29.6
Travel	18.5	119.1	100.6	23.8	123.9	100.1	0.6	21.3	20.7	1.6	22.4	20.8
Insurance, pension and financial services	17.9	85.0	67.1	17.8	91.3	73.5	4.6	22.3	17.7	4.2	22.5	18.2
Telecommunication, computer and information services	49.8	92.9	43.1	59.9	105.6	45.6	12.5	23.5	11.0	14.6	26.1	11.6
Other business services	-2.7	191.4	194.1	-12.6	203.8	216.4	-3.1	48.1	51.2	-1.8	48.0	49.8
Other	-21.0	103.7	124.7	-34.1	119.0	153.1	-8.4	25.7	34.1	-9.6	29.3	38.9
Primary income	67.0	631.0	564.0	39.5	610.8	571.3	24.4	153.7	129.3	14.5	142.6	128.1
Compensation of employees	18.8	33.9	15.0	21.4	36.8	15.4	6.0	9.0	3.0	6.1	9.1	3.0
Investment income	23.1	555.4	532.3	8.0	544.0	536.0	7.3	129.5	122.2	7.0	126.9	119.8
Direct investment	100.3	345.8	245.5	88.6	321.8	233.1	20.8	76.3	55.5	18.5	74.6	56.1
of which: Reinvested earnings	-13.5	29.1	42.6	-36.2	30.8	67.0	-9.6	13.6	23.1	2.2	22.9	20.7
Portfolio investment	-78.3	166.0	244.4	-80.6	182.3	262.9	-13.3	42.3	55.6	-11.2	42.3	53.5
Dividends	1.9	57.9	55.9	-0.7	64.9	65.6	6.1	14.0	7.9	5.2	14.2	9.0
Income on investment fund shares	-73.3	4.5	77.8	-83.9	4.2	88.1	-18.0	1.0	19.0	-17.4	0.9	18.3
Interest	-6.9	103.7	110.6	4.0	113.2	109.2	-1.5	27.3	28.8	0.9	27.1	26.2
Other investment	-1.2	41.2	42.4	-2.8	37.3	40.0	-0.8	10.2	11.0	-1.0	9.2	10.2
of which: interest	-0.5	37.9	38.4	-1.7	33.9	35.6	-0.4	9.5	9.9	-0.5	8.6	9.1
Reserve assets		2.4			2.7			0.7			0.7
Other primary income	25.1	41.8	16.6	10.1	29.9	19.8	11.1	15.2	4.2	1.4	6.6	5.3
Secondary income	-141.6	95.4	237.0	-125.7	102.0	227.7	-50.5	23.8	74.3	-44.0	22.6	66.6
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.