Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 2001 | 2002 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November | January – November | October | January – November | ||||||||||
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||
| Source: ECB. | |||||||||||||
| ( 1 ) Figures may not add up due to rounding. | |||||||||||||
| ( 2 ) Financial account: inflows (+); outflows (-). Reserve assets: increase (-); decrease (+). | |||||||||||||
| ( 3 ) Direct investment: assets refer to direct investment abroad and liabilities to direct investment in the euro area. | |||||||||||||
| CURRENT ACCOUNT | 138.3 | 135.7 | 2.7 | 1566.8 | 1582.8 | −16.1 | 141.6 | 131.3 | 10.3 | 1560.7 | 1506.8 | 53.9 | |
| Goods | 89.1 | 80.3 | 8.8 | 952.0 | 886.6 | 65.4 | 90.6 | 77.0 | 13.6 | 972.1 | 849.9 | 122.1 | |
| Services | 24.7 | 25.6 | −0.9 | 292.8 | 291.8 | 1.0 | 25.0 | 24.3 | 0.7 | 298.2 | 286.5 | 11.7 | |
| Income | 19.4 | 19.4 | −0.1 | 252.6 | 290.4 | −37.8 | 19.2 | 19.4 | −0.1 | 214.0 | 251.4 | −37.4 | |
| Current transfers | 5.2 | 10.4 | −5.2 | 69.4 | 114.1 | −44.7 | 6.8 | 10.7 | −3.9 | 76.5 | 119.0 | −42.5 | |
| CAPITAL ACCOUNT | 0.9 | 0.6 | 0.2 | 14.6 | 6.4 | 8.2 | 1.2 | 0.8 | 0.4 | 16.9 | 6.2 | 10.7 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | −6.8 | −37.3 | −28.6 | −161.2 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −17.8 | 29.5 | 11.7 | −238.1 | 135.7 | −102.3 | −10.5 | 14.4 | 3.9 | −151.4 | 120.7 | −30.7 | |
| Equity capital and reinvested earnings | −7.8 | 14.2 | 6.3 | −153.3 | 91.2 | −62.1 | −5.9 | 7.2 | 1.3 | −115.4 | 72.2 | −43.2 | |
| Other capital, mostly intercompany loans | −9.9 | 15.3 | 5.3 | −84.8 | 44.6 | −40.2 | −4.6 | 7.1 | 2.6 | −36.0 | 48.5 | 12.5 | |
| PORTFOLIO INVESTMENT | −40.8 | 60.7 | 19.9 | −274.5 | 328.6 | 54.1 | −11.7 | 21.4 | 9.7 | −157.6 | 222.0 | 64.4 | |
| Equity | −10.2 | 24.8 | 14.6 | −101.9 | 218.5 | 116.6 | 1.6 | 14.5 | 16.1 | −32.1 | 75.7 | 43.7 | |
| Debt instruments | −30.6 | 35.9 | 5.2 | −172.5 | 110.1 | −62.4 | −13.3 | 6.8 | −6.4 | −125.5 | 146.3 | 20.7 | |
| Bonds and notes | −17.1 | 37.8 | 20.7 | −142.4 | 108.7 | −33.7 | −6.9 | 12.1 | 5.1 | −74.9 | 100.7 | 25.8 | |
| Money market instruments | −13.6 | −1.9 | −15.5 | −30.2 | 1.4 | −28.7 | −6.3 | −5.3 | −11.6 | −50.7 | 45.6 | −5.1 | |
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −58.6 | 90.2 | 31.6 | −512.5 | 464.3 | −48.2 | −22.1 | 35.7 | 13.6 | −309.0 | 342.7 | 33.7 | |
| FINANCIAL DERIVATIVES (NET) | −2.8 | −2.6 | −1.1 | −12.5 | |||||||||
| OTHER INVESTMENT | −61.4 | 25.7 | −35.7 | −276.4 | 277.9 | 1.5 | −81.0 | 42.5 | −38.5 | −270.4 | 89.3 | −181.1 | |
| Eurosystem | 0.0 | 2.0 | 2.0 | 0.5 | 7.2 | 7.7 | 0.9 | 1.2 | 2.1 | 0.1 | −1.6 | −1.5 | |
| General government | 2.5 | 2.5 | 5.0 | 2.9 | −0.7 | 2.2 | −1.6 | 0.5 | −1.1 | −2.4 | −5.3 | −7.7 | |
| MFIs (excluding the Eurosystem) | −53.3 | 22.4 | −30.9 | −257.7 | 258.4 | 0.6 | −65.6 | 34.7 | −30.9 | −199.1 | 80.4 | −118.7 | |
| Long-term | −9.6 | −13.3 | −22.9 | −40.1 | 17.4 | −22.7 | −7.3 | −7.5 | −14.8 | −26.1 | 36.4 | 10.3 | |
| Short-term | −43.6 | 35.7 | −7.9 | −217.7 | 241.0 | 23.4 | −58.3 | 42.1 | −16.1 | −173.0 | 44.0 | −129.0 | |
| Other sectors | −10.6 | −1.2 | −11.8 | −22.0 | 13.0 | −9.0 | −14.7 | 6.1 | −8.6 | −69.0 | 15.8 | −53.2 | |
| RESERVE ASSETS | 0.1 | 0.1 | 12.0 | 12.0 | −2.6 | −2.6 | −1.4 | −1.4 | |||||
| Errors and omissions | 3.9 | 45.2 | 17.9 | 96.6 | |||||||||