Table 1a: Quarterly balance of payments of the euro area with a geographical breakdown
(EUR billions, otherwise indicated; transactions in Q4 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 | -12.3 | 19.9 | 2.1 | 0.2 | 16.5 | 8.9 | -7.7 | 1.7 | -7.0 | 0.7 | 5.0 | - | - | -32.6 | |
| credit | 544.2 | 196.4 | 11.7 | 16.8 | 103.0 | 49.6 | 15.3 | 6.6 | 14.0 | 34.0 | 96.3 | - | - | 196.8 | |
| debit | 556.5 | 176.5 | 9.6 | 16.6 | 86.5 | 40.8 | 23.1 | 5.0 | 21.0 | 33.2 | 91.4 | - | - | 229.4 | |
| Goods | 3.8 | 19.4 | 1.0 | 0.5 | 10.6 | 7.3 | 0.0 | 1.5 | -4.8 | 1.5 | 18.4 | - | - | -32.1 | |
| credit (exports) | 325.9 | 112.4 | 7.9 | 11.7 | 52.7 | 40.1 | 0.0 | 4.2 | 8.6 | 17.8 | 49.1 | - | - | 133.8 | |
| as percentage of total | 100.0 | 34.5 | 2.4 | 3.6 | 16.2 | 12.3 | 0.0 | 1.3 | 2.7 | 5.5 | 15.1 | - | - | 41.1 | |
| debit (imports) | 322.1 | 93.0 | 6.9 | 11.2 | 42.2 | 32.8 | 0.0 | 2.7 | 13.5 | 16.3 | 30.6 | - | - | 166.0 | |
| as percentage of total | 100.0 | 28.9 | 2.1 | 3.5 | 13.1 | 10.2 | 0.0 | 0.9 | 4.2 | 5.1 | 9.5 | - | - | 51.5 | |
| Services | 10.3 | 6.2 | 0.3 | 0.5 | 4.5 | -0.4 | 1.4 | 0.3 | 1.2 | 2.0 | -2.0 | - | - | 2.5 | |
| credit (exports) | 103.9 | 36.3 | 1.9 | 2.6 | 24.9 | 5.4 | 1.5 | 1.4 | 3.2 | 9.8 | 20.1 | - | - | 33.1 | |
| as percentage of total | 100.0 | 35.0 | 1.8 | 2.5 | 24.0 | 5.2 | 1.4 | 1.4 | 3.1 | 9.5 | 19.3 | - | - | 31.8 | |
| debit (imports) | 93.6 | 30.1 | 1.6 | 2.2 | 20.5 | 5.8 | 0.0 | 1.1 | 2.0 | 7.8 | 22.0 | - | - | 30.6 | |
| as percentage of total | 100.0 | 32.2 | 1.7 | 2.3 | 21.9 | 6.2 | 0.0 | 1.1 | 2.2 | 8.4 | 23.5 | - | - | 32.7 | |
| Income | -10.1 | 3.1 | 0.8 | -0.8 | 1.3 | 1.8 | 0.0 | 0.1 | -3.9 | -3.1 | -10.6 | - | - | 4.1 | |
| credit | 92.4 | 32.2 | 1.9 | 2.3 | 23.1 | 3.5 | 1.4 | 0.9 | 1.6 | 4.7 | 25.6 | - | - | 27.5 | |
| debit | 102.5 | 29.1 | 1.0 | 3.0 | 21.8 | 1.8 | 1.4 | 0.8 | 5.5 | 7.7 | 36.1 | - | - | 23.4 | |
| of which: investment income | -11.7 | 3.1 | 0.8 | -0.8 | 1.1 | 2.7 | -0.8 | 0.1 | -3.9 | -4.4 | -10.7 | - | - | 4.1 | |
| credit | 88.4 | 30.8 | 1.9 | 2.2 | 22.6 | 3.5 | 0.6 | 0.9 | 1.6 | 3.1 | 25.1 | - | - | 26.9 | |
| debit | 100.1 | 27.8 | 1.0 | 3.0 | 21.5 | 0.8 | 1.4 | 0.7 | 5.4 | 7.6 | 35.9 | - | - | 22.8 | |
| Current transfers | -16.3 | -8.8 | -0.0 | -0.0 | 0.2 | 0.2 | -9.2 | -0.3 | 0.5 | 0.3 | -0.9 | - | - | -7.2 | |
| credit | 21.9 | 15.5 | 0.1 | 0.2 | 2.2 | 0.6 | 12.4 | 0.1 | 0.6 | 1.7 | 1.7 | - | - | 2.3 | |
| debit | 38.3 | 24.3 | 0.1 | 0.2 | 2.0 | 0.4 | 21.6 | 0.4 | 0.1 | 1.4 | 2.6 | - | - | 9.5 | |
| Capital account | 4.7 | 7.1 | -0.0 | 0.0 | 0.1 | -0.0 | 7.0 | -0.0 | -0.0 | 0.0 | 0.1 | - | - | -2.5 | |
| credit | 8.1 | 7.4 | 0.0 | 0.0 | 0.3 | 0.0 | 7.1 | 0.0 | 0.0 | 0.1 | 0.2 | - | - | 0.4 | |
| debit | 3.5 | 0.3 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | - | - | 2.9 | |
| Financial account balance1) | -12.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Direct investment | -9.4 | -8.8 | 0.2 | 5.2 | -11.9 | -2.3 | 0.0 | 1.2 | 1.1 | -2.8 | 16.1 | -3.0 | 0.0 | -13.3 | |
| Abroad | -30.7 | -19.2 | -0.8 | 2.3 | -17.8 | -2.9 | 0.0 | -2.7 | 0.4 | -3.9 | 7.5 | 0.1 | 0.0 | -13.0 | |
| Equity/reinvested earnings | -16.5 | -16.0 | -1.3 | -1.1 | -9.8 | -3.7 | 0.0 | -3.1 | 0.1 | -1.8 | 17.8 | -0.6 | 0.0 | -12.9 | |
| Other capital | -14.1 | -3.2 | 0.6 | 3.3 | -7.9 | 0.8 | 0.0 | 0.4 | 0.3 | -2.1 | -10.2 | 0.8 | 0.0 | -0.1 | |
| In the euro area | 21.3 | 10.4 | 0.9 | 2.9 | 5.9 | 0.6 | 0.0 | 3.9 | 0.7 | 1.1 | 8.6 | -3.1 | 0.0 | -0.3 | |
| Equity/reinvested earnings | 15.9 | 4.1 | 0.4 | 1.9 | 1.7 | 0.1 | 0.0 | 3.3 | 0.1 | 0.8 | 5.2 | 0.8 | -0.0 | 1.6 | |
| Other capital | 5.3 | 6.3 | 0.6 | 1.0 | 4.1 | 0.6 | 0.0 | 0.6 | 0.5 | 0.3 | 3.4 | -3.9 | 0.0 | -1.9 | |
| Portfolio investment | -42.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Assets | -118.6 | -26.0 | -2.7 | 1.2 | -25.8 | 1.0 | 0.4 | -4.1 | -24.2 | -2.2 | -27.9 | -13.1 | 0.1 | -21.2 | |
| Equity | -58.6 | -19.8 | -0.6 | -1.7 | -18.3 | 0.8 | 0.0 | -0.3 | -9.6 | -1.6 | -15.4 | -4.8 | 0.0 | -7.2 | |
| Debt | -60.1 | -6.2 | -2.1 | 2.8 | -7.5 | 0.2 | 0.4 | -3.8 | -14.6 | -0.7 | -12.5 | -8.3 | 0.1 | -14.0 | |
| Bonds and notes | -60.6 | -10.5 | -2.6 | 1.9 | -11.1 | 0.9 | 0.4 | -3.4 | -5.1 | -0.0 | -19.0 | -8.3 | 0.2 | -14.4 | |
| Money market instruments | 0.5 | 4.3 | 0.5 | 0.9 | 3.6 | -0.7 | -0.0 | -0.4 | -9.4 | -0.7 | 6.5 | -0.0 | -0.2 | 0.5 | |
| Liabilities | 76.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Equity | 63.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Debt | 13.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Bonds and notes | 31.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Money market instruments | -17.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Financial derivatives | -7.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Other investment | 36.9 | 32.2 | 2.7 | 3.9 | 35.7 | -4.5 | -5.7 | 0.4 | 6.2 | 4.0 | -2.3 | 11.6 | 2.0 | -17.1 | |
| Assets | -122.3 | -84.3 | 2.2 | 2.1 | -74.6 | -9.9 | -4.1 | -0.2 | 3.4 | -6.1 | 14.4 | -20.3 | -1.1 | -28.1 | |
| General government | -2.3 | -2.9 | 0.1 | -0.0 | 0.4 | -0.0 | -3.4 | 0.0 | -0.0 | 0.0 | 0.4 | -0.0 | -0.3 | 0.5 | |
| MFIs | -75.5 | -41.7 | 2.2 | 1.5 | -35.5 | -10.2 | 0.2 | 0.1 | 5.1 | -3.6 | 5.1 | -18.3 | -0.6 | -21.7 | |
| Other sectors | -44.4 | -39.7 | -0.2 | 0.5 | -39.4 | 0.3 | -1.0 | -0.3 | -1.8 | -2.5 | 9.0 | -2.0 | -0.2 | -6.9 | |
| Liabilities | 159.2 | 116.5 | 0.5 | 1.9 | 110.2 | 5.4 | -1.6 | 0.6 | 2.8 | 10.1 | -16.8 | 31.9 | 3.1 | 11.0 | |
| General government | -2.0 | -1.5 | -0.0 | 0.0 | -0.3 | -0.0 | -1.3 | -0.0 | -0.0 | 0.0 | -0.2 | -0.1 | 0.0 | -0.3 | |
| MFIs | 109.9 | 69.4 | -0.2 | 1.7 | 65.3 | 5.2 | -2.7 | 1.2 | 2.7 | 7.1 | -19.3 | 33.2 | 3.0 | 12.6 | |
| Other sectors | 51.3 | 48.6 | 0.6 | 0.1 | 45.2 | 0.2 | 2.4 | -0.6 | 0.1 | 3.0 | 2.8 | -1.3 | 0.1 | -1.3 | |
| Reserve assets | 8.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Errors and omissions | 20.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | |