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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
Q2 2015 Q2 2016
Q2 2015 Q2 2016
Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit
Current account 296.9 3,529.5 3,232.6 348.7 3,579.7 3,231.0 67.9 919.5 851.6 87.8 905.6 817.7
Percentage of GDP1 2.9 34.3 31.4 3.3 33.7 30.4 - - - - - -
Goods 304.0 2,050.8 1,746.8 376.1 2,102.6 1,726.5 91.9 537.1 445.2 107.4 534.9 427.5
of which: General merchandise 279.8 1,988.0 1,708.2 348.1 2,035.2 1,687.1 82.7 518.8 436.1 99.5 517.2 417.6
Services 69.7 742.9 673.2 55.8 772.9 717.2 20.0 193.2 173.2 14.9 192.5 177.7
Transport 6.9 131.1 124.3 3.8 126.8 123.0 3.0 34.8 31.8 1.7 31.9 30.2
Travel 21.4 120.4 98.9 24.7 123.7 99.0 9.6 32.5 22.9 9.5 32.5 23.0
Insurance, pension and financial services 18.5 88.2 69.7 18.8 91.4 72.6 4.8 22.9 18.1 4.6 22.1 17.6
Telecommunication, computer and information services 54.4 97.3 42.9 60.4 107.2 46.8 14.6 25.6 11.0 15.6 27.4 11.8
Other business services -5.0 197.8 202.8 -18.5 203.8 222.3 -3.2 50.0 53.1 -7.7 50.2 58.0
Other -26.3 108.1 134.5 -33.4 120.1 153.5 -8.8 27.5 36.3 -8.8 28.4 37.2
Primary income 60.7 636.5 575.8 36.7 603.3 566.6 -13.8 160.0 173.8 -11.9 150.6 162.5
Compensation of employees 19.7 35.0 15.4 21.4 37.0 15.7 5.1 9.2 4.1 5.2 9.4 4.2
Investment income 17.7 560.3 542.7 7.2 535.0 527.7 -17.5 147.6 165.0 -13.1 136.7 149.8
Direct investment 103.3 344.7 241.4 87.3 314.4 227.1 30.2 86.7 56.5 29.8 78.6 48.9
of which: Reinvested earnings 0.6 34.4 33.9 -16.7 39.9 56.6 -6.0 0.5 6.5 -3.3 4.5 7.8
Portfolio investment -85.5 172.8 258.2 -79.4 181.8 261.2 -47.8 50.6 98.4 -42.9 48.6 91.5
Dividends -3.3 61.1 64.3 -1.0 64.8 65.9 -20.9 20.8 41.7 -19.3 19.7 39.0
Income on investment fund shares -77.7 4.0 81.7 -82.6 4.3 86.9 -25.9 1.1 26.9 -24.6 1.3 25.9
Interest -4.5 107.7 112.2 4.2 112.6 108.4 -1.0 28.8 29.8 1.0 27.7 26.7
Other investment -2.6 40.4 43.0 -3.4 36.1 39.5 -0.6 9.5 10.1 -0.6 8.8 9.4
of which: interest -1.7 37.2 38.8 -2.1 32.8 34.9 -0.2 8.8 9.0 -0.2 8.1 8.3
Reserve assets   2.5     2.7     0.7     0.7  
Other primary income 23.4 41.2 17.8 8.1 31.3 23.3 -1.4 3.2 4.6 -4.0 4.5 8.5
Secondary income -137.5 99.3 236.7 -119.9 100.8 220.7 -30.2 29.2 59.4 -22.6 27.5 50.1
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
Q2 2015 Q2 2016
Q2 2015 Q2 2016
Net Credit Debit Net Credit Debit Net Credit Debit Net Credit Debit
Current account 296.9 3,529.5 3,232.6 348.7 3,579.7 3,231.0 67.9 919.5 851.6 87.8 905.6 817.7
Percentage of GDP1 2.9 34.3 31.4 3.3 33.7 30.4 - - - - - -
Goods 304.0 2,050.8 1,746.8 376.1 2,102.6 1,726.5 91.9 537.1 445.2 107.4 534.9 427.5
of which: General merchandise 279.8 1,988.0 1,708.2 348.1 2,035.2 1,687.1 82.7 518.8 436.1 99.5 517.2 417.6
Services 69.7 742.9 673.2 55.8 772.9 717.2 20.0 193.2 173.2 14.9 192.5 177.7
Transport 6.9 131.1 124.3 3.8 126.8 123.0 3.0 34.8 31.8 1.7 31.9 30.2
Travel 21.4 120.4 98.9 24.7 123.7 99.0 9.6 32.5 22.9 9.5 32.5 23.0
Insurance, pension and financial services 18.5 88.2 69.7 18.8 91.4 72.6 4.8 22.9 18.1 4.6 22.1 17.6
Telecommunication, computer and information services 54.4 97.3 42.9 60.4 107.2 46.8 14.6 25.6 11.0 15.6 27.4 11.8
Other business services -5.0 197.8 202.8 -18.5 203.8 222.3 -3.2 50.0 53.1 -7.7 50.2 58.0
Other -26.3 108.1 134.5 -33.4 120.1 153.5 -8.8 27.5 36.3 -8.8 28.4 37.2
Primary income 60.7 636.5 575.8 36.7 603.3 566.6 -13.8 160.0 173.8 -11.9 150.6 162.5
Compensation of employees 19.7 35.0 15.4 21.4 37.0 15.7 5.1 9.2 4.1 5.2 9.4 4.2
Investment income 17.7 560.3 542.7 7.2 535.0 527.7 -17.5 147.6 165.0 -13.1 136.7 149.8
Direct investment 103.3 344.7 241.4 87.3 314.4 227.1 30.2 86.7 56.5 29.8 78.6 48.9
of which: Reinvested earnings 0.6 34.4 33.9 -16.7 39.9 56.6 -6.0 0.5 6.5 -3.3 4.5 7.8
Portfolio investment -85.5 172.8 258.2 -79.4 181.8 261.2 -47.8 50.6 98.4 -42.9 48.6 91.5
Dividends -3.3 61.1 64.3 -1.0 64.8 65.9 -20.9 20.8 41.7 -19.3 19.7 39.0
Income on investment fund shares -77.7 4.0 81.7 -82.6 4.3 86.9 -25.9 1.1 26.9 -24.6 1.3 25.9
Interest -4.5 107.7 112.2 4.2 112.6 108.4 -1.0 28.8 29.8 1.0 27.7 26.7
Other investment -2.6 40.4 43.0 -3.4 36.1 39.5 -0.6 9.5 10.1 -0.6 8.8 9.4
of which: interest -1.7 37.2 38.8 -2.1 32.8 34.9 -0.2 8.8 9.0 -0.2 8.1 8.3
Reserve assets   2.5     2.7     0.7     0.7  
Other primary income 23.4 41.2 17.8 8.1 31.3 23.3 -1.4 3.2 4.6 -4.0 4.5 8.5
Secondary income -137.5 99.3 236.7 -119.9 100.8 220.7 -30.2 29.2 59.4 -22.6 27.5 50.1
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.