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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