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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
Q3 2015 Q3 2016
Q3 2015 Q3 2016
Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit
Current account 314.4 3,577.6 3,263.3 344.0 3,573.3 3,229.4 94.7 902.0 807.3 93.7 892.0 798.3
Percentage of GDP1 3.0 34.5 31.5 3.2 33.5 30.3 - - - - - -
Goods 331.4 2,083.3 1,751.9 377.4 2,095.8 1,718.4 88.8 525.8 436.9 93.1 519.8 426.7
of which: General merchandise 303.5 2,015.3 1,711.8 349.7 2,029.0 1,679.3 80.7 507.6 427.0 84.9 502.0 417.1
Services 62.9 754.9 692.0 63.0 778.3 715.3 18.9 202.5 183.5 25.3 206.1 180.8
Transport 6.6 131.9 125.3 4.3 125.9 121.6 2.3 34.3 31.9 3.3 33.5 30.2
Travel 24.2 121.8 97.6 24.2 124.6 100.4 12.3 43.4 31.1 11.9 44.2 32.3
Insurance, pension and financial services 19.0 90.7 71.7 17.6 89.5 71.9 4.8 23.1 18.3 3.9 21.6 17.7
Telecommunication, computer and information services 56.0 99.5 43.5 62.7 110.3 47.6 13.7 24.5 10.7 15.6 27.2 11.6
Other business services -12.3 200.2 212.5 -13.4 205.3 218.7 -5.9 48.5 54.4 -1.2 49.6 50.8
Other -30.6 110.8 141.4 -32.4 122.8 155.1 -8.4 28.7 37.0 -8.2 30.1 38.3
Primary income 55.6 638.5 582.9 31.8 599.0 567.2 9.6 149.9 140.4 7.5 142.8 135.3
Compensation of employees 20.4 35.8 15.4 21.8 37.4 15.7 4.6 9.0 4.4 4.9 9.4 4.5
Investment income 11.6 560.9 549.3 1.4 529.6 528.2 6.1 137.4 131.3 3.5 129.4 125.9
Direct investment 100.6 340.3 239.7 81.7 311.2 229.5 19.1 80.2 61.1 15.2 75.0 59.8
of which: Reinvested earnings -13.6 24.1 37.8 -20.9 32.6 53.5 -6.0 10.4 16.5 -8.7 3.1 11.9
Portfolio investment -88.9 178.6 267.6 -79.4 180.1 259.5 -13.2 47.5 60.7 -11.6 45.2 56.8
Dividends -2.8 63.2 66.0 -3.5 63.3 66.8 8.7 17.6 8.9 5.8 16.1 10.3
Income on investment fund shares -83.1 4.6 87.7 -80.2 5.0 85.2 -22.5 1.3 23.8 -18.7 1.3 20.0
Interest -3.1 110.8 113.9 4.3 111.7 107.5 0.7 28.6 27.9 1.3 27.9 26.6
Other investment -2.7 39.3 42.0 -3.7 35.6 39.2 -0.5 9.0 9.5 -0.8 8.5 9.3
of which: interest -1.7 36.0 37.7 -2.2 32.6 34.8 -0.3 8.1 8.4 -0.5 7.9 8.3
Reserve assets   2.6     2.7     0.7     0.7  
Other primary income 23.6 41.8 18.2 8.7 32.0 23.3 -1.1 3.6 4.6 -0.9 4.0 4.9
Secondary income -135.5 100.9 236.4 -128.3 100.2 228.5 -22.6 23.9 46.5 -32.2 23.3 55.5
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.

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
Q3 2015 Q3 2016
Q3 2015 Q3 2016
Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit
Current account 314.4 3,577.6 3,263.3 344.0 3,573.3 3,229.4 94.7 902.0 807.3 93.7 892.0 798.3
Percentage of GDP1 3.0 34.5 31.5 3.2 33.5 30.3 - - - - - -
Goods 331.4 2,083.3 1,751.9 377.4 2,095.8 1,718.4 88.8 525.8 436.9 93.1 519.8 426.7
of which: General merchandise 303.5 2,015.3 1,711.8 349.7 2,029.0 1,679.3 80.7 507.6 427.0 84.9 502.0 417.1
Services 62.9 754.9 692.0 63.0 778.3 715.3 18.9 202.5 183.5 25.3 206.1 180.8
Transport 6.6 131.9 125.3 4.3 125.9 121.6 2.3 34.3 31.9 3.3 33.5 30.2
Travel 24.2 121.8 97.6 24.2 124.6 100.4 12.3 43.4 31.1 11.9 44.2 32.3
Insurance, pension and financial services 19.0 90.7 71.7 17.6 89.5 71.9 4.8 23.1 18.3 3.9 21.6 17.7
Telecommunication, computer and information services 56.0 99.5 43.5 62.7 110.3 47.6 13.7 24.5 10.7 15.6 27.2 11.6
Other business services -12.3 200.2 212.5 -13.4 205.3 218.7 -5.9 48.5 54.4 -1.2 49.6 50.8
Other -30.6 110.8 141.4 -32.4 122.8 155.1 -8.4 28.7 37.0 -8.2 30.1 38.3
Primary income 55.6 638.5 582.9 31.8 599.0 567.2 9.6 149.9 140.4 7.5 142.8 135.3
Compensation of employees 20.4 35.8 15.4 21.8 37.4 15.7 4.6 9.0 4.4 4.9 9.4 4.5
Investment income 11.6 560.9 549.3 1.4 529.6 528.2 6.1 137.4 131.3 3.5 129.4 125.9
Direct investment 100.6 340.3 239.7 81.7 311.2 229.5 19.1 80.2 61.1 15.2 75.0 59.8
of which: Reinvested earnings -13.6 24.1 37.8 -20.9 32.6 53.5 -6.0 10.4 16.5 -8.7 3.1 11.9
Portfolio investment -88.9 178.6 267.6 -79.4 180.1 259.5 -13.2 47.5 60.7 -11.6 45.2 56.8
Dividends -2.8 63.2 66.0 -3.5 63.3 66.8 8.7 17.6 8.9 5.8 16.1 10.3
Income on investment fund shares -83.1 4.6 87.7 -80.2 5.0 85.2 -22.5 1.3 23.8 -18.7 1.3 20.0
Interest -3.1 110.8 113.9 4.3 111.7 107.5 0.7 28.6 27.9 1.3 27.9 26.6
Other investment -2.7 39.3 42.0 -3.7 35.6 39.2 -0.5 9.0 9.5 -0.8 8.5 9.3
of which: interest -1.7 36.0 37.7 -2.2 32.6 34.8 -0.3 8.1 8.4 -0.5 7.9 8.3
Reserve assets   2.6     2.7     0.7     0.7  
Other primary income 23.6 41.8 18.2 8.7 32.0 23.3 -1.1 3.6 4.6 -0.9 4.0 4.9
Secondary income -135.5 100.9 236.4 -128.3 100.2 228.5 -22.6 23.9 46.5 -32.2 23.3 55.5
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.