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 2009
|
Q3 2009 (revised)
|
Q4 2009
|
End-of-period
outstanding
amounts |
Transactions1) |
Other changes |
End-of-period
outstanding
amounts |
Transactions1) |
Other changes |
End-of-period outstanding
amounts |
|
|
as % of
previous
end-period
outstanding
amounts |
|
as % of
previous
end-period
outstanding
amounts |
|
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
|
-1,535.4
|
12.6
|
-
|
-74.7
|
-1,597.5
|
3.8
|
-
|
126.4
|
-1,467.3
|
-16.3
|
|
Direct investment
|
709.3
|
23.7
|
-
|
-36.0
|
697.0
|
7.8
|
-
|
47.3
|
752.0
|
8.4
|
|
Abroad
|
4,012.1
|
62.0
|
1.5
|
-32.0
|
4,042.1
|
62.8
|
1.6
|
33.6
|
4,138.5
|
46.1
|
|
Equity/reinvested earnings
|
3,149.6
|
37.0
|
1.2
|
-28.4
|
3,158.3
|
64.4
|
2.0
|
24.2
|
3,246.9
|
36.2
|
|
Other capital
|
862.4
|
24.9
|
2.9
|
-3.6
|
883.8
|
-1.6
|
-0.2
|
9.4
|
891.6
|
9.9
|
|
In the euro area
|
3,302.8
|
38.2
|
1.2
|
4.1
|
3,345.1
|
55.0
|
1.6
|
-13.6
|
3,386.5
|
37.7
|
|
Equity/reinvested earnings
|
2,484.2
|
35.4
|
1.4
|
-2.1
|
2,517.5
|
60.9
|
2.4
|
-11.6
|
2,566.9
|
28.6
|
|
Other capital
|
818.6
|
2.8
|
0.3
|
6.2
|
827.6
|
-5.9
|
-0.7
|
-2.1
|
819.6
|
9.1
|
|
Portfolio investment
|
-2,406.0
|
-78.2
|
-
|
-82.8
|
-2,566.9
|
-63.1
|
-
|
22.3
|
-2,607.7
|
-29.0
|
|
Assets
|
3,898.5
|
45.6
|
1.2
|
115.7
|
4,059.8
|
38.0
|
0.9
|
111.2
|
4,209.0
|
46.9
|
|
Equity securities
|
1,217.8
|
39.6
|
3.2
|
110.8
|
1,368.1
|
35.8
|
2.6
|
78.1
|
1,482.0
|
16.5
|
|
Debt securities
|
2,680.7
|
6.0
|
0.2
|
4.9
|
2,691.7
|
2.2
|
0.1
|
33.1
|
2,726.9
|
30.4
|
|
Bonds and notes
|
2,251.8
|
27.4
|
1.2
|
-1.5
|
2,277.7
|
25.1
|
1.1
|
42.1
|
2,344.9
|
26.1
|
|
Money market instruments
|
428.9
|
-21.4
|
-5.0
|
6.4
|
413.9
|
-22.9
|
-5.5
|
-9.0
|
382.0
|
4.3
|
|
Liabilities
|
6,304.5
|
123.7
|
2.0
|
198.4
|
6,626.7
|
101.1
|
1.5
|
89.0
|
6,816.7
|
75.9
|
|
Equity securities
|
2,307.1
|
89.5
|
3.9
|
180.9
|
2,577.5
|
50.4
|
2.0
|
91.5
|
2,719.4
|
30.3
|
|
Debt securities
|
3,997.4
|
34.3
|
0.9
|
17.5
|
4,049.2
|
50.7
|
1.3
|
-2.5
|
4,097.3
|
45.6
|
|
Bonds and notes
|
3,503.7
|
-19.2
|
-0.5
|
17.8
|
3,502.3
|
42.4
|
1.2
|
-17.5
|
3,527.3
|
39.3
|
|
Money market instruments
|
493.7
|
53.5
|
10.8
|
-0.4
|
546.8
|
8.3
|
1.5
|
15.0
|
570.1
|
6.3
|
MEMO ITEM: COMBINED DIRECT AND
PORTFOLIO INVESTMENT
|
-1,696.7
|
-54.4
|
-
|
-118.8
|
-1,869.9
|
-55.3
|
-
|
69.6
|
-1,855.7
|
-20.7
|
|
Financial derivatives
|
-57.8
|
4.5
|
-
|
-6.8
|
-60.1
|
-5.8
|
-
|
17.6
|
-48.3
|
-0.5
|
|
Other investment
|
-162.4
|
62.9
|
-
|
1.2
|
-98.4
|
64.8
|
-
|
7.9
|
-25.7
|
-0.3
|
|
Assets
|
5,075.6
|
-91.0
|
-1.8
|
-75.8
|
4,908.9
|
-39.1
|
-0.8
|
56.2
|
4,926.0
|
54.9
|
|
Eurosystem
|
27.9
|
-6.7
|
-23.9
|
1.5
|
22.8
|
5.5
|
24.0
|
1.5
|
29.7
|
0.3
|
|
General government
|
103.8
|
-0.0
|
-0.0
|
11.0
|
114.8
|
6.6
|
5.7
|
0.6
|
122.0
|
1.4
|
|
MFIs excluding Eurosystem
|
2,966.5
|
-83.6
|
-2.8
|
-59.0
|
2,823.8
|
-4.4
|
-0.2
|
22.7
|
2,842.1
|
31.7
|
|
Other sectors
|
1,977.4
|
-0.6
|
-0.0
|
-29.2
|
1,947.5
|
-46.8
|
-2.4
|
31.4
|
1,932.2
|
21.5
|
|
Liabilities
|
5,238.0
|
-153.8
|
-2.9
|
-77.0
|
5,007.2
|
-103.9
|
-2.1
|
48.3
|
4,951.6
|
55.1
|
|
Eurosystem
|
313.4
|
-43.5
|
-13.9
|
-5.6
|
264.3
|
-16.8
|
-6.4
|
2.1
|
249.6
|
2.8
|
|
General government
|
59.7
|
0.7
|
1.2
|
-0.9
|
59.5
|
-3.9
|
-6.6
|
1.6
|
57.2
|
0.6
|
|
MFIs excluding Eurosystem
|
3,587.6
|
-79.5
|
-2.2
|
-57.8
|
3,450.3
|
-81.1
|
-2.4
|
25.4
|
3,394.6
|
37.8
|
|
Other sectors
|
1,277.4
|
-31.5
|
-2.5
|
-12.7
|
1,233.1
|
-2.1
|
-0.2
|
19.3
|
1,250.3
|
13.9
|
|
Reserve assets
|
381.5
|
-0.3
|
-0.1
|
49.7
|
430.8
|
0.1
|
0.0
|
31.4
|
462.4
|
5.1
|
|
MEMO ITEM: GROSS EXTERNAL DEBT
|
10,625.9
|
-
|
-
|
-
|
10,461.0
|
-
|
-
|
-
|
10,457.9
|
116.5
|
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