Table 1: Balance of payments of the euro area ( 1 )
(EUR billions)
| 2001 | 2002 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February | January – February | February | January – February | ||||||||||
| 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 | 135.1 | 133.9 | 1.2 | 275.5 | 285.4 | −9.9 | 128.3 | 126.2 | 2.1 | 266.0 | 265.4 | 0.6 | |
| Goods | 82.3 | 78.9 | 3.3 | 162.1 | 162.6 | −0.5 | 80.6 | 72.4 | 8.2 | 156.9 | 146.6 | 10.3 | |
| Services | 22.4 | 23.5 | −1.1 | 44.8 | 48.3 | −3.5 | 21.6 | 24.0 | −2.4 | 45.2 | 50.3 | −5.1 | |
| Income | 22.5 | 23.1 | −0.6 | 45.1 | 53.2 | −8.1 | 19.2 | 19.3 | −0.1 | 39.7 | 46.5 | −6.8 | |
| Current transfers | 7.9 | 8.4 | −0.5 | 23.5 | 21.3 | 2.2 | 6.9 | 10.5 | −3.6 | 24.2 | 22.0 | 2.2 | |
| CAPITAL ACCOUNT | 1.9 | 0.4 | 1.5 | 3.7 | 0.9 | 2.8 | 0.8 | 0.5 | 0.2 | 3.8 | 1.0 | 2.8 | |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | ||
| FINANCIAL ACCOUNT ( 2 ) | 7.7 | 10.0 | 5.8 | −31.8 | |||||||||
| DIRECT INVESTMENT ( 3 ) | −15.0 | 17.4 | 2.4 | −32.3 | 24.9 | −7.4 | −20.0 | 10.1 | −9.9 | −24.8 | 19.3 | −5.6 | |
| Equity capital and reinvested earnings | −1.9 | 15.3 | 13.4 | −13.4 | 20.4 | 6.9 | −4.9 | 3.1 | −1.7 | −11.2 | 9.7 | −1.5 | |
| Other capital, mostly intercompany loans | −13.1 | 2.1 | −11.0 | −18.9 | 4.5 | −14.4 | −15.1 | 6.9 | −8.2 | −13.6 | 9.6 | −4.0 | |
| PORTFOLIO INVESTMENT | −29.2 | 26.9 | −2.3 | −66.2 | 21.0 | −45.1 | −11.3 | 1.4 | −9.9 | −40.3 | −10.9 | −51.2 | |
| Equity | −12.6 | 12.5 | −0.1 | −33.4 | 12.1 | −21.2 | −6.1 | 6.8 | 0.7 | −20.2 | 15.7 | −4.5 | |
| Debt instruments | −16.6 | 14.4 | −2.2 | −32.8 | 8.9 | −23.9 | −5.1 | −5.4 | −10.5 | −20.1 | −26.6 | −46.7 | |
| Bonds and notes | −16.4 | 16.2 | −0.2 | −23.3 | 7.1 | −16.2 | 0.3 | −1.3 | −1.0 | −5.4 | −9.1 | −14.5 | |
| Money market instruments | −0.2 | −1.8 | −1.9 | −9.5 | 1.8 | −7.7 | −5.5 | −4.1 | −9.6 | −14.7 | −17.5 | −32.2 | |
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −44.2 | 44.4 | 0.2 | −98.5 | 45.9 | −52.6 | −31.3 | 11.5 | −19.8 | −65.1 | 8.4 | −56.7 | |
| FINANCIAL DERIVATIVES (NET) | −0.7 | −5.3 | 1.3 | 1.9 | |||||||||
| OTHER INVESTMENT | −6.6 | 10.4 | 3.8 | −51.8 | 112.8 | 61.0 | 25.4 | −3.7 | 21.7 | 35.0 | −9.2 | 25.7 | |
| Eurosystem | 0.3 | −2.1 | −1.8 | 0.8 | −0.8 | −0.0 | −0.1 | −3.8 | −3.9 | −0.8 | −1.2 | −2.0 | |
| General government | 0.1 | −3.8 | −3.7 | 3.7 | −10.2 | −6.5 | 1.2 | −1.4 | −0.2 | 0.0 | −9.8 | −9.8 | |
| MFIs (excluding the Eurosystem) | −4.8 | 16.8 | 12.0 | −56.2 | 125.0 | 68.8 | 5.3 | 12.1 | 17.4 | 21.2 | 12.5 | 33.7 | |
| Long-term | −2.8 | 4.7 | 1.9 | −6.7 | 2.8 | −3.9 | −6.0 | 1.4 | −4.6 | −6.5 | 7.1 | 0.7 | |
| Short-term | −2.0 | 12.1 | 10.1 | −49.6 | 122.2 | 72.7 | 11.3 | 10.7 | 22.0 | 27.7 | 5.4 | 33.0 | |
| Other sectors | −2.2 | −0.5 | −2.7 | −0.0 | −1.2 | −1.2 | 19.0 | −10.6 | 8.4 | 14.6 | −10.8 | 3.8 | |
| RESERVE ASSETS | 4.5 | 4.5 | 6.8 | 6.8 | 2.5 | 2.5 | −2.8 | −2.8 | |||||
| Errors and omissions | −10.4 | −2.9 | −8.1 | 28.4 | |||||||||