Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 1999 | 2000 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December | January – December | December | January – December | ||||||||||
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | ||
| Source: ECB. | |||||||||||||
| ( 1 ) Figures may not add up due to rounding. | |||||||||||||
| ( 2 ) Financial account: inflows (+); outflows (-). Reserve assets: increase (-); decrease (+). | |||||||||||||
| ( 3 ) Direct investment: assets refer to direct investment abroad and liabilities to direct investment in the euro area. | |||||||||||||
| CURRENT ACCOUNT | 123.2 | 127.0 | −3.9 | 1335.6 | 1341.4 | −5.8 | 138.8 | 143.6 | −4.8 | 1556.8 | 1585.2 | −28.3 | |
| Goods | 75.7 | 70.2 | 5.5 | 814.5 | 731.1 | 83.4 | 85.6 | 80.4 | 5.2 | 974.4 | 914.7 | 59.8 | |
| Services | 22.1 | 23.6 | −1.5 | 241.5 | 253.3 | −11.8 | 23.8 | 26.7 | −2.9 | 265.4 | 278.9 | −13.5 | |
| Income | 19.8 | 22.5 | −2.7 | 213.2 | 245.6 | −32.4 | 24.0 | 25.6 | −1.7 | 251.7 | 276.4 | −24.7 | |
| Current transfers | 5.6 | 10.8 | −5.2 | 66.4 | 111.5 | −45.0 | 5.4 | 10.8 | −5.4 | 65.3 | 115.2 | −49.9 | |
| CAPITAL ACCOUNT | 3.8 | 0.9 | 3.0 | 19.7 | 6.2 | 13.5 | 1.9 | 1.0 | 0.9 | 17.4 | 8.7 | 8.7 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | −7.3 | 19.1 | −12.5 | 2.6 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −96.6 | 76.3 | −20.3 | −286.8 | 166.2 | −120.6 | −22.3 | −11.1 | −33.4 | −326.1 | 303.1 | −23.0 | |
| Equity capital and reinvested earnings | −94.0 | 80.5 | −13.5 | −212.2 | 126.8 | −85.4 | −18.0 | −51.2 | −69.3 | −258.9 | 187.7 | −71.1 | |
| Other capital, mostly intercompany loans | −2.6 | −4.2 | −6.8 | −74.6 | 39.5 | −35.1 | −4.3 | 40.2 | 35.9 | −67.2 | 115.4 | 48.1 | |
| PORTFOLIO INVESTMENT | −33.7 | 34.5 | 0.7 | −309.6 | 267.8 | −41.7 | −24.0 | 46.4 | 22.4 | −413.0 | 292.6 | −120.4 | |
| Equity | −23.5 | 18.7 | −4.8 | −155.4 | 106.0 | −49.4 | −25.3 | 30.2 | 4.9 | −287.9 | 21.9 | −266.0 | |
| Debt instruments | −10.2 | 15.7 | 5.5 | −154.1 | 161.8 | 7.7 | 1.3 | 16.2 | 17.5 | −125.1 | 270.7 | 145.6 | |
| Bonds and notes | −5.0 | −2.6 | −7.6 | −153.6 | 109.0 | −44.6 | 3.2 | 12.4 | 15.6 | −110.0 | 233.6 | 123.6 | |
| Money market instruments | −5.2 | 18.4 | 13.1 | −0.5 | 52.8 | 52.3 | −1.9 | 3.8 | 1.9 | −15.1 | 37.2 | 22.0 | |
| FINANCIAL DERIVATIVES (NET) | −0.2 | 8.1 | −4.9 | −3.6 | |||||||||
| OTHER INVESTMENT | 92.4 | −79.1 | 13.3 | −25.0 | 188.0 | 163.1 | 7.0 | −6.0 | 1.0 | −203.1 | 334.7 | 131.6 | |
| Eurosystem | 0.3 | 2.9 | 3.2 | −4.0 | 8.6 | 4.6 | −0.3 | 1.2 | 1.0 | −9.5 | 7.2 | −2.3 | |
| General government | 0.4 | −0.8 | −0.4 | 2.8 | −12.5 | −9.7 | −0.6 | 1.4 | 0.9 | −6.4 | 4.5 | −1.8 | |
| MFIs (excluding the Eurosystem) | 78.3 | −76.0 | 2.2 | 18.2 | 159.6 | 177.8 | 2.7 | −16.5 | −13.8 | −129.8 | 271.7 | 141.9 | |
| Long-term | −3.0 | 2.6 | −0.3 | −46.4 | 54.4 | 8.0 | −2.8 | 0.6 | −2.2 | −38.7 | 50.9 | 12.2 | |
| Short-term | 81.3 | −78.7 | 2.6 | 64.6 | 105.2 | 169.9 | 5.5 | −17.1 | −11.6 | −91.1 | 220.8 | 129.6 | |
| Other sectors | 13.4 | −5.2 | 8.2 | −41.9 | 32.3 | −9.7 | 5.1 | 7.8 | 12.9 | −57.4 | 51.4 | −6.1 | |
| RESERVE ASSETS | −0.8 | 10.2 | 2.4 | 18.1 | |||||||||
| Errors and omissions | 8.2 | −26.8 | 16.3 | 17.1 | |||||||||