Table 1: Current account of the euro area
(EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)
| Cumulated figures for the four-quarter period ending in | Q3 2014 | Q3 2015 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q3 2014 | Q3 2015 | |||||||||||
| Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | |
| Current account | 226.3 | 3,367.0 | 3,140.7 | 307.2 | 3,525.6 | 3,218.4 | 76.9 | 854.6 | 777.7 | 90.7 | 891.0 | 800.3 |
| Percentage of GDP | 2.2 | 33.5 | 31.2 | 3.0 | 34.2 | 31.2 | - | - | - | - | - | - |
| Goods | 229.9 | 1,944.2 | 1,714.3 | 313.0 | 2,061.4 | 1,748.4 | 61.8 | 493.1 | 431.3 | 82.1 | 517.7 | 435.6 |
| of which: General merchandise | 216.4 | 1,892.1 | 1,675.8 | 293.6 | 2,001.5 | 1,708.0 | 57.4 | 479.8 | 422.4 | 76.8 | 502.3 | 425.5 |
| Services | 75.8 | 686.1 | 610.3 | 61.6 | 742.0 | 680.4 | 22.7 | 187.3 | 164.5 | 19.7 | 201.2 | 181.5 |
| Transport | 5.9 | 127.9 | 122.1 | 7.0 | 135.4 | 128.4 | 2.7 | 34.1 | 31.4 | 2.1 | 35.0 | 32.9 |
| Travel | 20.7 | 118.2 | 97.5 | 22.1 | 121.7 | 99.6 | 9.3 | 41.8 | 32.5 | 11.1 | 43.7 | 32.6 |
| Insurance, pension and financial services | 16.9 | 78.8 | 61.9 | 14.7 | 85.6 | 70.9 | 3.7 | 19.9 | 16.1 | 4.4 | 22.7 | 18.3 |
| Telecommunication, computer and information services | 44.0 | 85.3 | 41.3 | 53.6 | 97.6 | 44.0 | 11.4 | 21.6 | 10.2 | 13.6 | 24.4 | 10.8 |
| Other business services | 1.5 | 177.7 | 176.2 | -6.4 | 197.0 | 203.4 | -0.5 | 44.3 | 44.8 | -3.6 | 48.3 | 51.9 |
| Other | -13.1 | 98.1 | 111.2 | -29.4 | 104.7 | 134.2 | -3.8 | 25.7 | 29.5 | -7.9 | 27.0 | 34.9 |
| Primary income | 57.7 | 643.3 | 585.7 | 67.1 | 621.1 | 553.9 | 17.2 | 151.4 | 134.2 | 12.3 | 148.7 | 136.4 |
| Compensation of employees | 18.2 | 32.8 | 14.6 | 20.3 | 35.1 | 14.8 | 4.0 | 8.2 | 4.2 | 4.5 | 8.8 | 4.2 |
| Investment income | 15.1 | 570.4 | 555.3 | 23.0 | 544.0 | 521.0 | 14.3 | 140.2 | 125.9 | 8.9 | 136.6 | 127.7 |
| Direct investment | 89.0 | 360.9 | 271.9 | 100.3 | 321.1 | 220.8 | 24.0 | 85.1 | 61.1 | 21.0 | 79.7 | 58.7 |
| of which: Reinvested earnings | -11.8 | 18.7 | 30.6 | -38.1 | 18.3 | 56.4 | 5.7 | 17.5 | 11.8 | -12.4 | 9.4 | 21.8 |
| Portfolio investment | -75.7 | 160.9 | 236.6 | -79.7 | 179.3 | 259.0 | -10.8 | 42.6 | 53.4 | -12.1 | 47.5 | 59.6 |
| Dividends | 1.5 | 54.8 | 53.2 | 2.6 | 63.6 | 61.0 | 7.9 | 15.2 | 7.3 | 8.7 | 17.6 | 8.9 |
| Income on investment fund shares | -70.6 | 5.1 | 75.8 | -82.3 | 4.3 | 86.6 | -18.6 | 1.0 | 19.6 | -21.7 | 1.3 | 23.0 |
| Interest | -6.6 | 101.0 | 107.6 | 0.0 | 111.4 | 111.3 | -0.1 | 26.4 | 26.5 | 0.9 | 28.6 | 27.7 |
| Other investment | -1.1 | 45.6 | 46.7 | -0.9 | 40.2 | 41.1 | 0.4 | 11.7 | 11.3 | -0.8 | 8.4 | 9.2 |
| of which: interest | 0.1 | 42.5 | 42.4 | 0.3 | 37.0 | 36.8 | 0.6 | 10.9 | 10.3 | -0.5 | 7.7 | 8.2 |
| Reserve assets | 3.0 | 3.3 | 0.7 | 0.8 | ||||||||
| Other primary income | 24.3 | 40.1 | 15.8 | 23.9 | 42.0 | 18.1 | -1.1 | 3.0 | 4.1 | -1.1 | 3.4 | 4.5 |
| Secondary income | -137.1 | 93.4 | 230.5 | -134.5 | 101.2 | 235.7 | -24.8 | 22.9 | 47.7 | -23.4 | 23.4 | 46.8 |
| Source: ECB. | ||||||||||||
Table 1: Current account of the euro area
(EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)
| Cumulated figures for the four-quarter period ending in | Q3 2014 | Q3 2015 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q3 2014 | Q3 2015 | |||||||||||
| Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | |
| Current account | 226.3 | 3,367.0 | 3,140.7 | 307.2 | 3,525.6 | 3,218.4 | 76.9 | 854.6 | 777.7 | 90.7 | 891.0 | 800.3 |
| Percentage of GDP | 2.2 | 33.5 | 31.2 | 3.0 | 34.2 | 31.2 | - | - | - | - | - | - |
| Goods | 229.9 | 1,944.2 | 1,714.3 | 313.0 | 2,061.4 | 1,748.4 | 61.8 | 493.1 | 431.3 | 82.1 | 517.7 | 435.6 |
| of which: General merchandise | 216.4 | 1,892.1 | 1,675.8 | 293.6 | 2,001.5 | 1,708.0 | 57.4 | 479.8 | 422.4 | 76.8 | 502.3 | 425.5 |
| Services | 75.8 | 686.1 | 610.3 | 61.6 | 742.0 | 680.4 | 22.7 | 187.3 | 164.5 | 19.7 | 201.2 | 181.5 |
| Transport | 5.9 | 127.9 | 122.1 | 7.0 | 135.4 | 128.4 | 2.7 | 34.1 | 31.4 | 2.1 | 35.0 | 32.9 |
| Travel | 20.7 | 118.2 | 97.5 | 22.1 | 121.7 | 99.6 | 9.3 | 41.8 | 32.5 | 11.1 | 43.7 | 32.6 |
| Insurance, pension and financial services | 16.9 | 78.8 | 61.9 | 14.7 | 85.6 | 70.9 | 3.7 | 19.9 | 16.1 | 4.4 | 22.7 | 18.3 |
| Telecommunication, computer and information services | 44.0 | 85.3 | 41.3 | 53.6 | 97.6 | 44.0 | 11.4 | 21.6 | 10.2 | 13.6 | 24.4 | 10.8 |
| Other business services | 1.5 | 177.7 | 176.2 | -6.4 | 197.0 | 203.4 | -0.5 | 44.3 | 44.8 | -3.6 | 48.3 | 51.9 |
| Other | -13.1 | 98.1 | 111.2 | -29.4 | 104.7 | 134.2 | -3.8 | 25.7 | 29.5 | -7.9 | 27.0 | 34.9 |
| Primary income | 57.7 | 643.3 | 585.7 | 67.1 | 621.1 | 553.9 | 17.2 | 151.4 | 134.2 | 12.3 | 148.7 | 136.4 |
| Compensation of employees | 18.2 | 32.8 | 14.6 | 20.3 | 35.1 | 14.8 | 4.0 | 8.2 | 4.2 | 4.5 | 8.8 | 4.2 |
| Investment income | 15.1 | 570.4 | 555.3 | 23.0 | 544.0 | 521.0 | 14.3 | 140.2 | 125.9 | 8.9 | 136.6 | 127.7 |
| Direct investment | 89.0 | 360.9 | 271.9 | 100.3 | 321.1 | 220.8 | 24.0 | 85.1 | 61.1 | 21.0 | 79.7 | 58.7 |
| of which: Reinvested earnings | -11.8 | 18.7 | 30.6 | -38.1 | 18.3 | 56.4 | 5.7 | 17.5 | 11.8 | -12.4 | 9.4 | 21.8 |
| Portfolio investment | -75.7 | 160.9 | 236.6 | -79.7 | 179.3 | 259.0 | -10.8 | 42.6 | 53.4 | -12.1 | 47.5 | 59.6 |
| Dividends | 1.5 | 54.8 | 53.2 | 2.6 | 63.6 | 61.0 | 7.9 | 15.2 | 7.3 | 8.7 | 17.6 | 8.9 |
| Income on investment fund shares | -70.6 | 5.1 | 75.8 | -82.3 | 4.3 | 86.6 | -18.6 | 1.0 | 19.6 | -21.7 | 1.3 | 23.0 |
| Interest | -6.6 | 101.0 | 107.6 | 0.0 | 111.4 | 111.3 | -0.1 | 26.4 | 26.5 | 0.9 | 28.6 | 27.7 |
| Other investment | -1.1 | 45.6 | 46.7 | -0.9 | 40.2 | 41.1 | 0.4 | 11.7 | 11.3 | -0.8 | 8.4 | 9.2 |
| of which: interest | 0.1 | 42.5 | 42.4 | 0.3 | 37.0 | 36.8 | 0.6 | 10.9 | 10.3 | -0.5 | 7.7 | 8.2 |
| Reserve assets | 3.0 | 3.3 | 0.7 | 0.8 | ||||||||
| Other primary income | 24.3 | 40.1 | 15.8 | 23.9 | 42.0 | 18.1 | -1.1 | 3.0 | 4.1 | -1.1 | 3.4 | 4.5 |
| Secondary income | -137.1 | 93.4 | 230.5 | -134.5 | 101.2 | 235.7 | -24.8 | 22.9 | 47.7 | -23.4 | 23.4 | 46.8 |
| Source: ECB. | ||||||||||||