Table 1a: Quarterly balance of payments of the euro area with a geographical breakdown
(EUR billions, otherwise indicated; transactions in Q1 2005, non-seasonally adjusted data)
| Total | European Union | Canada | Japan | Switzer-land | UnitedStates | Offshorefinancialcentres | Interna-tionalorgani-sations | Othercountries | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Denmark | Sweden | UnitedKingdom | Other EUcountries | EUinsti-tutions | ||||||||||
| Source: ECB. | |||||||||||||||
| ( 1 ) Financial account: inflows (+); outflows (−). Reserve assets: increase (−); decrease (+). | |||||||||||||||
| Current account | 0.8 | 23.6 | 1.3 | 0.8 | 18.9 | 6.2 | -3.4 | 1.8 | -8.0 | 1.6 | 12.1 | - | - | -30.5 | |
| credit | 457.0 | 178.1 | 9.3 | 14.9 | 88.4 | 38.5 | 27.1 | 5.9 | 12.3 | 31.3 | 74.8 | - | - | 154.7 | |
| debit | 456.3 | 154.5 | 8.0 | 14.2 | 69.5 | 32.3 | 30.5 | 4.1 | 20.3 | 29.6 | 62.6 | - | - | 185.2 | |
| Goods | 14.5 | 22.6 | 0.5 | 1.4 | 15.3 | 5.4 | 0.0 | 1.6 | -4.2 | 4.1 | 14.3 | - | - | -23.9 | |
| credit | 278.3 | 100.4 | 6.6 | 10.9 | 50.8 | 32.1 | 0.0 | 3.6 | 8.4 | 16.9 | 41.4 | - | - | 107.7 | |
| as percentage of total | 100.0 | 36.1 | 2.4 | 3.9 | 18.2 | 11.5 | 0.0 | 1.3 | 3.0 | 6.1 | 14.9 | - | - | 38.7 | |
| debit | 263.7 | 77.8 | 6.0 | 9.6 | 35.5 | 26.7 | 0.0 | 2.0 | 12.6 | 12.8 | 27.1 | - | - | 131.5 | |
| as percentage of total | 100.0 | 29.5 | 2.3 | 3.6 | 13.5 | 10.1 | 0.0 | 0.8 | 4.8 | 4.9 | 10.3 | - | - | 49.9 | |
| Services | 2.8 | 4.5 | 0.3 | 0.4 | 3.4 | -0.5 | 0.8 | 0.1 | 0.7 | 0.9 | 0.3 | - | - | -3.7 | |
| credit | 83.0 | 26.9 | 1.4 | 2.1 | 18.6 | 4.0 | 0.8 | 1.1 | 2.5 | 8.4 | 17.3 | - | - | 26.7 | |
| as percentage of total | 100.0 | 32.4 | 1.7 | 2.5 | 22.4 | 4.8 | 1.0 | 1.4 | 3.0 | 10.2 | 20.9 | - | - | 32.2 | |
| debit | 80.2 | 22.4 | 1.1 | 1.6 | 15.2 | 4.5 | 0.0 | 1.0 | 1.8 | 7.5 | 17.1 | - | - | 30.4 | |
| as percentage of total | 100.0 | 27.9 | 1.4 | 2.0 | 18.9 | 5.6 | 0.0 | 1.3 | 2.2 | 9.4 | 21.3 | - | - | 37.9 | |
| Income | -4.4 | 1.1 | 0.4 | -0.9 | -0.2 | 1.4 | 0.4 | 0.4 | -4.5 | -3.6 | -1.9 | - | - | 4.1 | |
| credit | 63.4 | 23.3 | 1.2 | 1.8 | 16.8 | 2.2 | 1.3 | 1.1 | 1.3 | 4.5 | 14.7 | - | - | 18.6 | |
| debit | 67.8 | 22.2 | 0.8 | 2.6 | 17.0 | 0.8 | 0.9 | 0.7 | 5.8 | 8.1 | 16.6 | - | - | 14.4 | |
| of which: investment income | -6.5 | 0.4 | 0.4 | -0.9 | -0.4 | 1.7 | -0.4 | 0.4 | -4.5 | -4.9 | -2.0 | - | - | 4.0 | |
| credit | 59.8 | 22.0 | 1.1 | 1.7 | 16.4 | 2.2 | 0.6 | 1.1 | 1.3 | 3.0 | 14.3 | - | - | 18.0 | |
| debit | 66.3 | 21.6 | 0.8 | 2.6 | 16.7 | 0.5 | 0.9 | 0.7 | 5.8 | 7.9 | 16.3 | - | - | 14.0 | |
| Current transfers | -12.2 | -4.5 | 0.0 | -0.2 | 0.4 | -0.1 | -4.6 | -0.3 | 0.0 | 0.1 | -0.5 | - | - | -7.1 | |
| credit | 32.4 | 27.6 | 0.1 | 0.2 | 2.3 | 0.2 | 24.9 | 0.1 | 0.1 | 1.4 | 1.4 | - | - | 1.8 | |
| debit | 44.5 | 32.1 | 0.1 | 0.3 | 1.9 | 0.4 | 29.5 | 0.3 | 0.1 | 1.3 | 1.9 | - | - | 8.8 | |
| Capital account | 1.2 | 4.1 | -0.0 | -0.0 | 0.0 | -0.0 | 4.1 | -0.0 | 0.0 | 0.0 | -0.0 | - | - | -2.9 | |
| credit | 4.7 | 4.3 | 0.0 | 0.0 | 0.1 | 0.0 | 4.2 | 0.0 | 0.0 | 0.1 | 0.1 | - | - | 0.2 | |
| debit | 3.5 | 0.2 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | - | - | 3.1 | |
| Financial account balance1) | 34.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Direct investment | -24.1 | -17.1 | 0.7 | 1.6 | -18.1 | -1.2 | 0.0 | -1.2 | 0.5 | -0.4 | -2.0 | -1.7 | 0.0 | -2.3 | |
| Abroad | -36.4 | -16.5 | 0.2 | -0.4 | -15.3 | -1.1 | 0.0 | -1.6 | 0.4 | -3.3 | -2.3 | -4.3 | -0.0 | -8.8 | |
| Equity/reinvested earnings | -20.1 | -8.1 | -0.2 | -0.4 | -6.0 | -1.6 | 0.0 | -0.3 | 0.2 | -0.6 | 0.3 | -6.0 | 0.0 | -5.4 | |
| Other capital | -16.3 | -8.4 | 0.4 | -0.1 | -9.3 | 0.6 | 0.0 | -1.3 | 0.2 | -2.7 | -2.6 | 1.7 | -0.0 | -3.4 | |
| In the euro area | 12.3 | -0.5 | 0.5 | 2.0 | -2.9 | -0.2 | 0.0 | 0.4 | 0.1 | 2.9 | 0.3 | 2.5 | 0.1 | 6.5 | |
| Equity/reinvested earnings | 12.0 | 2.9 | 0.4 | 1.4 | 1.1 | 0.0 | 0.0 | -0.1 | 0.2 | 1.9 | 4.3 | 1.2 | -0.0 | 1.6 | |
| Other capital | 0.3 | -3.4 | 0.1 | 0.6 | -3.9 | -0.2 | 0.0 | 0.5 | -0.1 | 1.0 | -4.0 | 1.3 | 0.1 | 4.9 | |
| Portfolio investment | 2.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Assets | -123.5 | -59.4 | -2.9 | -0.3 | -45.0 | -8.6 | -2.6 | -1.1 | -7.5 | -4.3 | -8.5 | -28.1 | 0.0 | -14.7 | |
| Equity | -48.3 | -21.8 | -0.6 | -0.4 | -19.0 | -1.9 | -0.0 | 0.2 | -8.8 | -4.1 | -0.3 | -7.4 | -0.0 | -6.1 | |
| Debt | -75.1 | -37.6 | -2.3 | 0.0 | -26.0 | -6.7 | -2.6 | -1.3 | 1.3 | -0.2 | -8.2 | -20.7 | 0.0 | -8.6 | |
| Bonds and notes | -74.9 | -33.4 | -2.3 | -1.6 | -21.2 | -6.1 | -2.2 | -1.1 | -1.6 | 1.0 | -21.9 | -10.7 | 0.1 | -7.4 | |
| Money market instruments | -0.2 | -4.2 | 0.0 | 1.6 | -4.8 | -0.6 | -0.5 | -0.2 | 2.9 | -1.2 | 13.7 | -10.0 | -0.0 | -1.2 | |
| Liabilities | 126.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Equity | 36.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Debt | 90.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Bonds and notes | 45.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Money market instruments | 44.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Financial derivatives | -7.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Other investment | 58.5 | 28.5 | -2.6 | 2.1 | 29.6 | -2.7 | 2.0 | 1.9 | 13.5 | 4.8 | 1.2 | 6.7 | -5.4 | 7.3 | |
| Assets | -172.2 | -138.5 | -5.6 | -0.6 | -129.0 | -3.6 | 0.3 | -0.4 | 8.7 | -8.5 | -25.0 | 3.4 | -0.7 | -11.2 | |
| General government | 4.4 | 3.0 | 0.7 | -0.0 | 2.3 | 0.1 | -0.0 | 0.0 | -0.0 | -0.0 | -0.0 | -0.3 | -0.5 | 2.3 | |
| MFIs | -127.1 | -100.6 | -6.7 | 0.8 | -91.5 | -3.1 | -0.2 | -0.3 | 8.6 | -7.9 | -23.9 | 10.9 | -0.2 | -13.7 | |
| Other sectors | -49.5 | -40.9 | 0.4 | -1.4 | -39.7 | -0.6 | 0.5 | -0.1 | 0.0 | -0.6 | -1.0 | -7.1 | -0.0 | 0.2 | |
| Liabilities | 230.7 | 166.9 | 3.0 | 2.7 | 158.6 | 0.9 | 1.8 | 2.3 | 4.8 | 13.3 | 26.2 | 3.3 | -4.7 | 18.5 | |
| General government | 0.3 | -2.7 | 0.0 | -0.0 | -1.5 | 0.0 | -1.2 | 0.0 | -0.0 | 3.0 | 0.1 | 0.0 | -0.2 | 0.1 | |
| MFIs | 199.5 | 153.3 | 3.3 | 2.1 | 146.3 | 0.6 | 1.0 | 1.9 | 4.5 | 2.8 | 19.1 | 3.6 | -4.4 | 18.8 | |
| Other sectors | 30.8 | 16.3 | -0.3 | 0.6 | 13.7 | 0.3 | 2.0 | 0.4 | 0.3 | 7.4 | 7.1 | -0.3 | -0.1 | -0.4 | |
| Reserve assets | 4.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Errors and omissions | -36.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | |