Table 3: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| Q3 2010 | Q4 2010 (revised) | Q1 2011 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End-of-periodoutstandingamounts | Transactions1) | Other changes | End-of-periodoutstandingamounts | Transactions1) | Other changes | End-of-period outstandingamounts | |||||||||
| as % ofpreviousend-periodoutstandingamounts | as % ofpreviousend-periodoutstandingamounts | 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 | -1,377.4 | -1.3 | - | 191.3 | -1,187.4 | -12.8 | - | -23.2 | -1,223.4 | -13.2 | |||||
| Direct investment | 983.3 | -59.2 | - | 50.6 | 974.7 | 11.5 | - | -38.3 | 947.9 | 10.2 | |||||
| Abroad | 4,556.9 | -18.4 | -0.4 | 159.5 | 4,698.0 | 65.9 | 1.4 | -95.4 | 4,668.4 | 50.4 | |||||
| Equity/reinvested earnings | 3,497.5 | -45.0 | -1.3 | 171.5 | 3,624.0 | 57.9 | 1.6 | -75.3 | 3,606.6 | 38.9 | |||||
| Other capital | 1,059.4 | 26.6 | 2.5 | -12.1 | 1,073.9 | 8.0 | 0.7 | -20.1 | 1,061.8 | 11.5 | |||||
| In the euro area | 3,573.6 | 40.8 | 1.1 | 108.8 | 3,723.2 | 54.4 | 1.5 | -57.1 | 3,720.6 | 40.1 | |||||
| Equity/reinvested earnings | 2,721.9 | -5.1 | -0.2 | 100.6 | 2,817.4 | 40.6 | 1.4 | -42.9 | 2,815.2 | 30.4 | |||||
| Other capital | 851.7 | 45.9 | 5.4 | 8.3 | 905.9 | 13.8 | 1.5 | -14.3 | 905.4 | 9.8 | |||||
| Portfolio investment | -2,635.2 | -33.6 | - | 139.0 | -2,529.8 | -133.3 | - | 5.2 | -2,657.9 | -28.7 | |||||
| Assets | 4,641.8 | 40.1 | 0.9 | 157.8 | 4,839.7 | 23.9 | 0.5 | -57.8 | 4,805.8 | 51.9 | |||||
| Equity securities | 1,699.8 | 38.8 | 2.3 | 170.3 | 1,908.9 | -3.4 | -0.2 | -51.2 | 1,854.2 | 20.0 | |||||
| Debt securities | 2,942.0 | 1.4 | 0.0 | -12.6 | 2,930.8 | 27.3 | 0.9 | -6.6 | 2,951.6 | 31.8 | |||||
| Bonds and notes | 2,551.6 | 1.1 | 0.0 | -22.9 | 2,529.7 | 4.3 | 0.2 | 2.6 | 2,536.6 | 27.4 | |||||
| Money market instruments | 390.5 | 0.3 | 0.1 | 10.3 | 401.2 | 23.0 | 5.7 | -9.1 | 415.0 | 4.5 | |||||
| Liabilities | 7,277.0 | 73.8 | 1.0 | 18.8 | 7,369.5 | 157.1 | 2.1 | -63.0 | 7,463.7 | 80.5 | |||||
| Equity securities | 2,942.9 | 54.2 | 1.8 | 177.9 | 3,175.0 | 90.5 | 2.9 | -30.8 | 3,234.6 | 34.9 | |||||
| Debt securities | 4,334.1 | 19.6 | 0.5 | -159.1 | 4,194.6 | 66.6 | 1.6 | -32.2 | 4,229.0 | 45.6 | |||||
| Bonds and notes | 3,810.1 | 44.1 | 1.2 | -136.2 | 3,718.0 | 15.9 | 0.4 | -18.4 | 3,715.6 | 40.1 | |||||
| Money market instruments | 523.9 | -24.5 | -4.7 | -22.9 | 476.5 | 50.7 | 10.6 | -13.7 | 513.5 | 5.5 | |||||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,651.9 | -92.8 | - | 189.6 | -1,555.1 | -121.8 | - | -33.1 | -1,710.0 | -18.5 | |||||
| Financial derivatives | -55.4 | -1.7 | - | 12.0 | -45.1 | 4.0 | - | 18.3 | -22.8 | -0.2 | |||||
| Other investment | -222.4 | 91.7 | - | -47.7 | -178.4 | 93.9 | - | 17.3 | -67.1 | -0.7 | |||||
| Assets | 5,051.8 | 18.2 | 0.4 | 13.9 | 5,083.9 | 61.3 | 1.2 | -80.0 | 5,065.2 | 54.7 | |||||
| Eurosystem | 25.0 | 6.1 | 24.5 | 1.6 | 32.6 | 3.6 | 11.1 | -1.0 | 35.3 | 0.4 | |||||
| General government | 115.9 | 34.5 | 29.8 | 15.7 | 166.2 | -7.7 | -4.6 | -7.4 | 151.1 | 1.6 | |||||
| MFIs excluding Eurosystem | 2,963.2 | -28.9 | -1.0 | 38.0 | 2,972.3 | 61.9 | 2.1 | -72.1 | 2,962.1 | 32.0 | |||||
| Other sectors | 1,947.7 | 6.5 | 0.3 | -41.4 | 1,912.8 | 3.5 | 0.2 | 0.4 | 1,916.8 | 20.7 | |||||
| Liabilities | 5,274.3 | -73.5 | -1.4 | 61.6 | 5,262.3 | -32.6 | -0.6 | -97.3 | 5,132.3 | 55.4 | |||||
| Eurosystem | 249.2 | 17.3 | 6.9 | 2.3 | 268.9 | 9.6 | 3.6 | -6.2 | 272.3 | 2.9 | |||||
| General government | 92.0 | 47.0 | 51.1 | 13.6 | 152.6 | 27.9 | 18.3 | 0.0 | 180.5 | 1.9 | |||||
| MFIs excluding Eurosystem | 3,606.5 | -100.1 | -2.8 | -0.3 | 3,506.2 | -72.0 | -2.1 | -79.9 | 3,354.2 | 36.2 | |||||
| Other sectors | 1,326.5 | -37.8 | -2.8 | 45.9 | 1,334.6 | 1.9 | 0.1 | -11.2 | 1,325.3 | 14.3 | |||||
| Reserve assets | 552.2 | 1.6 | 0.3 | 37.4 | 591.2 | 11.1 | 1.9 | -25.7 | 576.6 | 6.2 | |||||
| MEMO ITEM: GROSS EXTERNAL DEBT | 10,982.6 | - | - | - | 10,903.6 | - | - | - | 10,808.7 | 116.6 | |||||