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 2016			Q3 2017
	Q3 2016			Q3 2017
	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit
Current account	371.1	3,671.9	3,300.8	386.9	3,862.3	3,475.4	94.7	914.4	819.7	129.0	974.6	845.5
Percentage of GDP1	3.5	34.2	30.8	3.5	34.9	31.4	-	-	-	-	-	-
Goods	380.1	2,122.5	1,742.4	350.9	2,243.2	1,892.3	92.7	526.8	434.2	95.3	563.0	467.7
of which: General merchandise	349.2	2,052.4	1,703.2	328.5	2,176.5	1,847.9	83.5	508.1	424.6	91.3	547.5	456.2
Services	48.6	783.0	734.4	66.7	823.2	756.6	14.3	206.9	192.7	31.6	220.2	188.7
Transport	7.1	126.2	119.2	9.8	134.8	125.0	3.0	33.0	29.9	4.0	35.9	31.8
Travel	22.8	124.9	102.1	31.9	136.2	104.3	10.8	44.2	33.4	14.9	49.3	34.4
Insurance, pension and financial services	20.2	89.9	69.7	21.0	94.4	73.4	4.9	22.1	17.3	5.1	23.0	17.9
Telecommunication, computer and information services	62.7	111.9	49.2	71.1	121.8	50.7	15.6	27.6	12.0	17.3	29.9	12.6
Other business services	-31.1	206.5	237.6	-37.4	209.4	246.9	-11.5	50.1	61.6	-3.4	50.0	53.5
Other	-33.0	123.6	156.6	-29.6	126.6	156.3	-8.5	30.0	38.5	-6.3	32.2	38.4
Primary income	78.5	657.4	578.9	114.0	687.4	573.4	22.3	154.7	132.4	35.4	166.2	130.7
Compensation of employees	20.6	37.5	17.0	20.6	38.2	17.6	4.6	9.3	4.8	4.3	9.2	4.9
Investment income	51.4	588.4	537.0	77.5	607.4	529.9	17.9	141.1	123.1	27.7	148.3	120.6
Direct investment	132.1	365.4	233.3	147.3	372.6	225.3	29.7	85.0	55.3	33.6	87.4	53.8
of which: Reinvested earnings	3.6	34.1	30.5	16.3	65.2	48.9	4.9	10.4	5.5	9.2	26.5	17.2
Portfolio investment	-80.1	179.4	259.5	-72.2	187.4	259.6	-11.7	45.2	56.9	-6.2	48.8	55.0
Dividends	-4.0	62.0	66.1	-6.3	65.7	71.9	5.5	15.7	10.3	7.1	17.9	10.8
Income on investment fund shares	-76.3	5.1	81.3	-78.8	5.2	84.0	-17.7	1.2	18.9	-18.8	1.5	20.4
Interest	0.2	112.3	112.1	13.0	116.6	103.6	0.5	28.2	27.7	5.6	29.4	23.8
Other investment	-3.5	40.7	44.2	-1.2	43.8	45.0	-0.8	10.2	11.0	-0.6	11.2	11.8
of which: interest	-1.7	36.7	38.5	-0.3	39.4	39.7	-0.4	9.3	9.6	-0.5	10.1	10.6
Reserve assets		2.8			3.5			0.7			0.9
Other primary income	6.4	31.4	25.0	15.9	41.8	25.9	-0.2	4.4	4.5	3.5	8.7	5.2
Secondary income	-136.1	109.0	245.1	-144.7	108.5	253.2	-34.6	26.0	60.5	-33.3	25.1	58.4
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.