Table 3: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| Q2 2010 | Q3 2010 (revised) | Q4 2010 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1,226.4 | -3.9 | - | -147.1 | -1,377.4 | 10.9 | - | 175.9 | -1,190.6 | -12.9 | |||||
| Direct investment | 978.9 | 30.8 | - | -26.4 | 983.3 | -27.2 | - | 49.8 | 1,005.9 | 10.9 | |||||
| Abroad | 4,583.5 | 28.1 | 0.6 | -54.8 | 4,556.9 | 7.1 | 0.2 | 50.9 | 4,615.0 | 50.2 | |||||
| Equity/reinvested earnings | 3,507.6 | 34.3 | 1.0 | -44.5 | 3,497.5 | -28.0 | -0.8 | 52.5 | 3,522.0 | 38.3 | |||||
| Other capital | 1,075.9 | -6.2 | -0.6 | -10.3 | 1,059.4 | 35.1 | 3.3 | -1.5 | 1,093.0 | 11.9 | |||||
| In the euro area | 3,604.6 | -2.6 | -0.1 | -28.4 | 3,573.6 | 34.3 | 1.0 | 1.1 | 3,609.1 | 39.3 | |||||
| Equity/reinvested earnings | 2,698.4 | 32.5 | 1.2 | -9.1 | 2,721.9 | -8.6 | -0.3 | 8.5 | 2,721.8 | 29.6 | |||||
| Other capital | 906.2 | -35.2 | -3.9 | -19.3 | 851.7 | 42.9 | 5.0 | -7.3 | 887.3 | 9.7 | |||||
| Portfolio investment | -2,509.8 | 17.1 | - | -142.5 | -2,635.2 | -41.6 | - | 128.3 | -2,548.5 | -27.7 | |||||
| Assets | 4,627.9 | 53.2 | 1.1 | -39.2 | 4,641.8 | 42.9 | 0.9 | 125.0 | 4,809.7 | 52.3 | |||||
| Equity securities | 1,655.5 | 10.6 | 0.6 | 33.6 | 1,699.8 | 42.7 | 2.5 | 158.4 | 1,900.9 | 20.7 | |||||
| Debt securities | 2,972.3 | 42.5 | 1.4 | -72.8 | 2,942.0 | 0.2 | 0.0 | -33.4 | 2,908.8 | 31.6 | |||||
| Bonds and notes | 2,546.4 | 59.7 | 2.3 | -54.5 | 2,551.6 | 0.1 | 0.0 | -40.8 | 2,510.8 | 27.3 | |||||
| Money market instruments | 425.9 | -17.1 | -4.0 | -18.3 | 390.5 | 0.1 | 0.0 | 7.4 | 398.0 | 4.3 | |||||
| Liabilities | 7,137.6 | 36.1 | 0.5 | 103.3 | 7,277.0 | 84.5 | 1.2 | -3.3 | 7,358.2 | 80.0 | |||||
| Equity securities | 2,818.6 | 39.7 | 1.4 | 84.6 | 2,942.9 | 77.0 | 2.6 | 127.2 | 3,147.1 | 34.2 | |||||
| Debt securities | 4,319.1 | -3.6 | -0.1 | 18.6 | 4,334.1 | 7.5 | 0.2 | -130.5 | 4,211.1 | 45.8 | |||||
| Bonds and notes | 3,823.4 | -37.4 | -1.0 | 24.1 | 3,810.1 | 33.2 | 0.9 | -107.8 | 3,735.6 | 40.6 | |||||
| Money market instruments | 495.6 | 33.8 | 6.8 | -5.5 | 523.9 | -25.7 | -4.9 | -22.7 | 475.5 | 5.2 | |||||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,530.9 | 47.8 | - | -168.9 | -1,651.9 | -68.9 | - | 178.1 | -1,542.6 | -16.8 | |||||
| Financial derivatives | -46.1 | -2.4 | - | -6.9 | -55.4 | -1.0 | - | -18.9 | -75.2 | -0.8 | |||||
| Other investment | -232.7 | -54.3 | - | 64.6 | -222.4 | 79.2 | - | -20.7 | -163.9 | -1.8 | |||||
| Assets | 5,177.2 | -2.8 | -0.1 | -122.5 | 5,051.8 | -0.8 | -0.0 | 9.7 | 5,060.8 | 55.0 | |||||
| Eurosystem | 24.7 | 1.5 | 6.0 | -1.2 | 25.0 | 6.1 | 24.5 | 1.6 | 32.6 | 0.4 | |||||
| General government | 122.9 | -4.0 | -3.2 | -3.0 | 115.9 | 34.6 | 29.9 | 2.3 | 152.9 | 1.7 | |||||
| MFIs excluding Eurosystem | 3,078.7 | -15.8 | -0.5 | -99.6 | 2,963.2 | -28.0 | -0.9 | 35.2 | 2,970.4 | 32.3 | |||||
| Other sectors | 1,950.9 | 15.5 | 0.8 | -18.6 | 1,947.7 | -13.5 | -0.7 | -29.4 | 1,904.9 | 20.7 | |||||
| Liabilities | 5,409.9 | 51.5 | 1.0 | -187.1 | 5,274.3 | -80.0 | -1.5 | 30.4 | 5,224.7 | 56.8 | |||||
| Eurosystem | 260.1 | -2.6 | -1.0 | -8.3 | 249.2 | 17.3 | 6.9 | 2.3 | 268.9 | 2.9 | |||||
| General government | 89.0 | 5.3 | 5.9 | -2.3 | 92.0 | 45.8 | 49.8 | 1.0 | 138.8 | 1.5 | |||||
| MFIs excluding Eurosystem | 3,735.9 | 1.9 | 0.1 | -131.3 | 3,606.5 | -105.1 | -2.9 | 5.8 | 3,507.2 | 38.1 | |||||
| Other sectors | 1,324.9 | 46.9 | 3.5 | -45.3 | 1,326.5 | -38.1 | -2.9 | 21.3 | 1,309.7 | 14.2 | |||||
| Reserve assets | 583.3 | 5.0 | 0.8 | -36.0 | 552.2 | 1.6 | 0.3 | 37.4 | 591.2 | 6.4 | |||||
| MEMO ITEM: GROSS EXTERNAL DEBT | 11,176.9 | - | - | - | 10,982.6 | - | - | - | 10,832.6 | 117.8 | |||||