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						Q2 2015			Q2 2016
	Q2 2015			Q2 2016
	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit
Current account	296.9	3,529.5	3,232.6	348.7	3,579.7	3,231.0	67.9	919.5	851.6	87.8	905.6	817.7
Percentage of GDP1	2.9	34.3	31.4	3.3	33.7	30.4	-	-	-	-	-	-
Goods	304.0	2,050.8	1,746.8	376.1	2,102.6	1,726.5	91.9	537.1	445.2	107.4	534.9	427.5
of which: General merchandise	279.8	1,988.0	1,708.2	348.1	2,035.2	1,687.1	82.7	518.8	436.1	99.5	517.2	417.6
Services	69.7	742.9	673.2	55.8	772.9	717.2	20.0	193.2	173.2	14.9	192.5	177.7
Transport	6.9	131.1	124.3	3.8	126.8	123.0	3.0	34.8	31.8	1.7	31.9	30.2
Travel	21.4	120.4	98.9	24.7	123.7	99.0	9.6	32.5	22.9	9.5	32.5	23.0
Insurance, pension and financial services	18.5	88.2	69.7	18.8	91.4	72.6	4.8	22.9	18.1	4.6	22.1	17.6
Telecommunication, computer and information services	54.4	97.3	42.9	60.4	107.2	46.8	14.6	25.6	11.0	15.6	27.4	11.8
Other business services	-5.0	197.8	202.8	-18.5	203.8	222.3	-3.2	50.0	53.1	-7.7	50.2	58.0
Other	-26.3	108.1	134.5	-33.4	120.1	153.5	-8.8	27.5	36.3	-8.8	28.4	37.2
Primary income	60.7	636.5	575.8	36.7	603.3	566.6	-13.8	160.0	173.8	-11.9	150.6	162.5
Compensation of employees	19.7	35.0	15.4	21.4	37.0	15.7	5.1	9.2	4.1	5.2	9.4	4.2
Investment income	17.7	560.3	542.7	7.2	535.0	527.7	-17.5	147.6	165.0	-13.1	136.7	149.8
Direct investment	103.3	344.7	241.4	87.3	314.4	227.1	30.2	86.7	56.5	29.8	78.6	48.9
of which: Reinvested earnings	0.6	34.4	33.9	-16.7	39.9	56.6	-6.0	0.5	6.5	-3.3	4.5	7.8
Portfolio investment	-85.5	172.8	258.2	-79.4	181.8	261.2	-47.8	50.6	98.4	-42.9	48.6	91.5
Dividends	-3.3	61.1	64.3	-1.0	64.8	65.9	-20.9	20.8	41.7	-19.3	19.7	39.0
Income on investment fund shares	-77.7	4.0	81.7	-82.6	4.3	86.9	-25.9	1.1	26.9	-24.6	1.3	25.9
Interest	-4.5	107.7	112.2	4.2	112.6	108.4	-1.0	28.8	29.8	1.0	27.7	26.7
Other investment	-2.6	40.4	43.0	-3.4	36.1	39.5	-0.6	9.5	10.1	-0.6	8.8	9.4
of which: interest	-1.7	37.2	38.8	-2.1	32.8	34.9	-0.2	8.8	9.0	-0.2	8.1	8.3
Reserve assets		2.5			2.7			0.7			0.7
Other primary income	23.4	41.2	17.8	8.1	31.3	23.3	-1.4	3.2	4.6	-4.0	4.5	8.5
Secondary income	-137.5	99.3	236.7	-119.9	100.8	220.7	-30.2	29.2	59.4	-22.6	27.5	50.1
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.