Table 1: Annual balance of payments and international investment position of the euro area (revised data)
(EUR billions unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| 2002 | 2003 | 2004 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End of periodoutstandingamounts | Transactions1) | Other changes | End of periodoutstandingamounts | Transactions1) | Other changes | End of period outstandingamounts | |||||||||
| as % ofprevious endperiodoutstandingamounts | as % ofprevious endperiodoutstandingamounts | as % of GDP | |||||||||||||
| Source: ECB. | |||||||||||||||
| ( 1 ) In this table, contrary to the balance of payments sign convention, a positive (negative) number indicates an increase (decrease) of euro area assets. | |||||||||||||||
| Financial account balance/Net international investment position | -703.6 | -4.1 | - | -101.5 | -809.3 | 8.3 | - | -145.4 | -946.4 | -12.4 | |||||
| Direct investment | 184.5 | 1.7 | - | -143.0 | 43.1 | 46.8 | - | -56.7 | 33.1 | 0.4 | |||||
| Abroad | 2008.7 | 139.7 | 7.0 | 3.6 | 2152.0 | 130.8 | 6.1 | -17.7 | 2265.1 | 29.7 | |||||
| Equity/reinvested earnings | 1547.4 | 122.6 | 7.9 | 32.8 | 1702.8 | 141.6 | 8.3 | -18.6 | 1825.7 | 24.0 | |||||
| Other capital | 461.4 | 17.1 | 3.7 | -29.2 | 449.2 | -10.8 | -2.4 | 0.9 | 439.3 | 5.8 | |||||
| In the euro area | 1824.3 | 138.0 | 7.6 | 146.6 | 2108.9 | 84.0 | 4.0 | 39.0 | 2231.9 | 29.3 | |||||
| Equity/reinvested earnings | 1293.1 | 120.4 | 9.3 | 113.4 | 1526.9 | 76.6 | 5.0 | 38.5 | 1642.1 | 21.5 | |||||
| Other capital | 531.2 | 17.6 | 3.3 | 33.2 | 582.0 | 7.4 | 1.3 | 0.5 | 589.9 | 7.7 | |||||
| Portfolio investment | -937.6 | -68.9 | - | 92.5 | -914.0 | -71.2 | - | -64.2 | -1049.4 | -13.8 | |||||
| Assets | 2292.7 | 278.3 | 12.1 | 63.7 | 2634.6 | 330.8 | 12.6 | 18.6 | 2984.0 | 39.1 | |||||
| Equity securities | 851.8 | 77.4 | 9.1 | 145.9 | 1075.0 | 102.8 | 9.6 | 60.9 | 1238.7 | 16.2 | |||||
| Debt securities | 1440.9 | 200.9 | 13.9 | -82.2 | 1559.6 | 227.9 | 14.6 | -42.3 | 1745.3 | 22.9 | |||||
| Bonds and notes | 1201.9 | 176.8 | 14.7 | -60.7 | 1318.0 | 174.8 | 13.3 | -34.2 | 1458.6 | 19.1 | |||||
| Money market instruments | 239.0 | 24.1 | 10.1 | -21.5 | 241.6 | 53.1 | 22.0 | -8.0 | 286.7 | 3.8 | |||||
| Liabilities | 3230.2 | 347.2 | 10.7 | -28.8 | 3548.6 | 402.0 | 11.3 | 82.9 | 4033.4 | 52.9 | |||||
| Equity securities | 1364.3 | 111.6 | 8.2 | 79.0 | 1555.0 | 137.5 | 8.8 | 90.1 | 1782.6 | 23.4 | |||||
| Debt securities | 1865.9 | 235.5 | 12.6 | -107.9 | 1993.6 | 264.5 | 13.3 | -7.2 | 2250.8 | 29.5 | |||||
| Bonds and notes | 1654.4 | 197.5 | 11.9 | -107.8 | 1744.1 | 255.8 | 14.7 | 11.3 | 2011.2 | 26.4 | |||||
| Money market instruments | 211.5 | 38.0 | 18.0 | -0.0 | 249.5 | 8.6 | 3.5 | -18.5 | 239.6 | 3.1 | |||||
| Financial derivatives | -12.0 | 11.2 | - | -7.5 | -8.3 | 4.8 | - | -11.4 | -14.8 | -0.2 | |||||
| Other investment | -304.6 | 80.2 | - | -12.3 | -236.8 | 40.4 | - | 0.2 | -196.1 | -2.6 | |||||
| Assets | 2625.9 | 254.1 | 9.7 | -196.9 | 2683.1 | 314.3 | 11.7 | -57.1 | 2940.3 | 38.6 | |||||
| Eurosystem | 3.7 | 0.8 | 21.8 | 0.5 | 5.0 | 0.2 | 3.4 | -0.6 | 4.6 | 0.1 | |||||
| General government | 115.3 | 0.4 | 0.3 | -20.9 | 94.7 | 2.2 | 2.4 | 1.6 | 98.6 | 1.3 | |||||
| MFIs excluding Eurosystem | 1747.1 | 152.4 | 8.7 | -121.6 | 1777.9 | 259.6 | 14.6 | -37.4 | 2000.1 | 26.2 | |||||
| Other sectors | 759.8 | 100.5 | 13.2 | -54.9 | 805.4 | 52.4 | 6.5 | -20.7 | 837.0 | 11.0 | |||||
| Liabilities | 2930.5 | 173.9 | 5.9 | -184.6 | 2919.8 | 273.9 | 9.4 | -57.3 | 3136.4 | 41.1 | |||||
| Eurosystem | 57.4 | 10.0 | 17.3 | -1.9 | 65.5 | 7.1 | 10.9 | 0.8 | 73.4 | 1.0 | |||||
| General government | 56.2 | -3.4 | -6.1 | -8.7 | 44.0 | -2.6 | -6.0 | 2.2 | 43.6 | 0.6 | |||||
| MFIs excluding Eurosystem | 2299.5 | 134.8 | 5.9 | -160.5 | 2273.8 | 246.9 | 10.9 | -54.4 | 2466.3 | 32.4 | |||||
| Other sectors | 517.4 | 32.6 | 6.3 | -13.5 | 536.5 | 22.5 | 4.2 | -5.9 | 553.2 | 7.3 | |||||
| Reserve assets | 366.1 | -28.2 | -7.7 | -31.2 | 306.6 | -12.5 | -4.1 | -13.3 | 280.8 | 3.7 | |||||