Table 4: Revisions to the euro area's balance of payments and international investment position
(EUR billions; changes relative to previously published data)
| 2009 | 2010 | 2011 | ||||
|---|---|---|---|---|---|---|
| Transactions | ||||||
| Source: ECB. | ||||||
| Current account | 8.6 | 9.9 | 14.8 | |||
| Credit | 22.9 | 35.6 | 34.2 | |||
| Debit | 14.2 | 25.7 | 19.4 | |||
| Goods | -0.7 | 3.2 | 4.3 | |||
| Credit (exports) | -1.5 | -0.0 | 1.8 | |||
| Debit (imports) | -0.9 | -3.2 | -2.4 | |||
| Services | 8.5 | 4.7 | 3.6 | |||
| Credit (exports) | 21.0 | 17.7 | 19.3 | |||
| Debit (imports) | 12.5 | 13.0 | 15.7 | |||
| Income | 5.5 | 8.6 | 10.5 | |||
| Credit | 4.4 | 18.6 | 11.8 | |||
| Debit | -1.1 | 10.0 | 1.3 | |||
| Current transfers | -4.7 | -6.6 | -3.6 | |||
| Credit | -1.0 | -0.6 | 1.2 | |||
| Debit | 3.7 | 5.9 | 4.8 | |||
| Capital account | 1.6 | 1.4 | 0.7 | |||
| Credit | -1.0 | -1.0 | -0.8 | |||
| Debit | -2.5 | -2.5 | -1.5 | |||
| Financial account balance | 5.7 | 8.0 | -24.6 | |||
| Direct investment | 38.1 | 18.9 | -6.1 | |||
| Abroad | -15.9 | -81.0 | -60.7 | |||
| In the euro area | 54.0 | 99.8 | 54.6 | |||
| Portfolio investment | -18.4 | -41.0 | -31.6 | |||
| Assets | -5.7 | 7.1 | 2.6 | |||
| Liabilities | -12.7 | -48.0 | -34.2 | |||
| Financial derivatives | -1.0 | -0.8 | 16.6 | |||
| Other investment | -13.0 | 30.9 | -3.6 | |||
| Assets | -19.1 | 11.7 | -4.7 | |||
| Liabilities | 6.1 | 19.2 | 1.1 | |||
| Reserve assets | 0.0 | 0.0 | 0.0 | |||
| Errors and omissions | -15.9 | -19.4 | 9.1 | |||
| Outstanding amounts | ||||||
| Net international investment position | -80.3 | -35.4 | -229.7 | |||
| Direct investment | -3.9 | -45.2 | -122.5 | |||
| Portfolio investment | -82.3 | -28.3 | 44.3 | |||
| Financial derivatives | -1.5 | 29.0 | -5.1 | |||
| Other investment | 7.4 | 9.1 | -142.6 | |||
| Reserve assets | 0.0 | 0.0 | -3.7 | |||