Table 3: Revisions to balance of payments and international investment position of the euro area
(EUR billions)
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | |
|---|---|---|---|---|---|---|
| Balance of payments (difference vis-à-vis previously published transactions data) | ||||||
| Source: ECB. | ||||||
| Current account | -2.2 | -15.4 | -16.1 | -7.1 | 13.5 | -1.2 |
| credit | 0.0 | 7.4 | -2.6 | -3.4 | 15.6 | 21.6 |
| debit | 2.2 | 22.8 | 13.5 | 3.7 | 2.0 | 22.8 |
| Goods | 0.1 | 1.3 | 1.3 | 1.6 | 5.4 | 4.0 |
| credit (exports) | 0.4 | 1.8 | -0.2 | -0.5 | 1.5 | 3.5 |
| debit (imports) | 0.3 | 0.5 | -1.5 | -2.2 | -3.9 | -0.5 |
| Services | -2.4 | -4.1 | -3.5 | -2.7 | -0.1 | 0.6 |
| credit (exports) | -1.7 | -2.8 | -1.3 | -1.0 | 2.6 | 4.8 |
| debit (imports) | 0.7 | 1.3 | 2.1 | 1.6 | 2.7 | 4.2 |
| Income | 0.2 | -12.5 | -13.8 | -5.7 | 8.5 | -5.1 |
| credit | 1.4 | 8.4 | -0.9 | -1.6 | 10.6 | 12.2 |
| debit | 1.2 | 20.9 | 13.0 | 4.1 | 2.1 | 17.4 |
| Current transfers | -0.0 | -0.1 | -0.1 | -0.4 | -0.3 | -0.6 |
| credit | -0.0 | -0.0 | -0.1 | -0.3 | 0.9 | 1.1 |
| debit | 0.0 | 0.1 | -0.0 | 0.1 | 1.1 | 1.7 |
| Capital account | -0.0 | -0.7 | -0.2 | 0.1 | -0.2 | -0.0 |
| credit | -0.1 | -0.7 | -0.1 | -0.1 | 0.4 | 0.5 |
| debit | -0.0 | -0.0 | 0.1 | -0.1 | 0.7 | 0.5 |
| Financial account balance | -0.8 | 3.2 | 13.4 | 28.7 | 10.1 | -2.8 |
| Direct investment | -3.7 | 1.8 | 11.8 | 21.3 | -7.1 | 31.3 |
| Abroad | -10.2 | -9.2 | -14.9 | 9.9 | -3.7 | 24.6 |
| In the euro area | 6.5 | 10.9 | 26.7 | 11.4 | -3.4 | 6.7 |
| Portfolio investment | 10.4 | -3.2 | 0.5 | 8.5 | 25.5 | -1.6 |
| Assets | -10.6 | -0.2 | -0.5 | -0.1 | -1.6 | -47.2 |
| Liabilities | 21.0 | -3.1 | 1.0 | 8.6 | 27.1 | 45.6 |
| Financial derivatives | -0.0 | -0.1 | 0.1 | 0.0 | 1.0 | -3.1 |
| Other investment | -7.6 | 4.8 | 1.0 | -0.8 | -7.6 | -29.6 |
| Assets | 0.6 | 0.4 | 0.6 | -0.3 | -14.0 | -25.6 |
| Liabilities | -8.2 | 4.3 | 0.4 | -0.6 | 6.3 | -4.0 |
| Reserve assets | -0.0 | 0.0 | 0.0 | -0.3 | -1.7 | 0.2 |
| Errors and omissions | 3.1 | 13.0 | 2.9 | -21.6 | -23.4 | 4.0 |
| International investment position (difference vis-à-vis previously published outstanding amounts) | ||||||
| Net international investment position | 5.5 | -18.2 | 9.8 | -85.7 | -49.7 | -72.3 |
| Direct investment | 3.6 | -16.0 | 12.8 | -19.8 | -36.6 | -24.9 |
| Portfolio investment | -3.8 | -16.6 | -14.1 | -58.6 | -90.5 | -89.9 |
| Financial derivatives | 0.0 | 0.0 | -0.0 | 0.1 | -0.8 | -0.4 |
| Other investment | 5.6 | 14.5 | 11.1 | -7.4 | 78.0 | 42.9 |
| Reserve assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |