Table 3: Quarterly international investment position of the euro area
(EUR billions, unless otherwise indicated; outstanding amounts at end of period, transactions during period)
| Q3 2013 | Q4 2013 (revised) | Q1 2014 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1,276.7 | 101.6 | - | 22.3 | -1,152.7 | 31.8 | - | -56.0 | -1,176.9 | -12.2 | |||||
| Direct investment | 1,461.3 | 16.3 | - | -24.5 | 1,453.1 | 24.4 | - | 123.5 | 1,601.1 | 16.6 | |||||
| Abroad | 6,181.1 | 188.4 | 3.0 | 27.3 | 6,396.8 | -2.7 | -0.0 | 64.2 | 6,458.4 | 66.9 | |||||
| Equity/reinvested earnings | 4,584.5 | 214.6 | 4.7 | -17.4 | 4,781.7 | -9.7 | -0.2 | 46.8 | 4,818.8 | 49.9 | |||||
| Other capital | 1,596.6 | -26.1 | -1.6 | 44.7 | 1,615.1 | 7.0 | 0.4 | 17.4 | 1,639.5 | 17.0 | |||||
| In the euro area | 4,719.8 | 172.1 | 3.6 | 51.8 | 4,943.7 | -27.1 | -0.5 | -59.3 | 4,857.3 | 50.3 | |||||
| Equity/reinvested earnings | 3,279.8 | 189.9 | 5.8 | 57.9 | 3,527.6 | -24.7 | -0.7 | -34.3 | 3,468.5 | 35.9 | |||||
| Other capital | 1,439.9 | -17.8 | -1.2 | -6.1 | 1,416.1 | -2.3 | -0.2 | -25.0 | 1,388.8 | 14.4 | |||||
| Portfolio investment | -3,226.7 | -59.0 | - | 10.9 | -3,274.7 | -63.8 | - | -123.9 | -3,462.4 | -35.9 | |||||
| Assets | 5,453.6 | 50.7 | 0.9 | 51.8 | 5,556.0 | 74.5 | 1.3 | 16.8 | 5,647.3 | 58.5 | |||||
| Equity securities | 2,172.4 | 39.6 | 1.8 | 81.7 | 2,293.7 | 23.5 | 1.0 | 45.1 | 2,362.3 | 24.5 | |||||
| Debt securities | 3,281.2 | 11.1 | 0.3 | -30.0 | 3,262.3 | 51.1 | 1.6 | -28.3 | 3,285.0 | 34.0 | |||||
| Bonds and notes | 2,817.9 | 12.4 | 0.4 | -20.6 | 2,809.6 | 36.3 | 1.3 | -30.9 | 2,814.9 | 29.2 | |||||
| Money market instruments | 463.3 | -1.3 | -0.3 | -9.4 | 452.7 | 14.8 | 3.3 | 2.6 | 470.1 | 4.9 | |||||
| Liabilities | 8,680.2 | 109.7 | 1.3 | 40.9 | 8,830.8 | 138.3 | 1.6 | 140.6 | 9,109.7 | 94.4 | |||||
| Equity securities | 3,809.0 | 63.6 | 1.7 | 97.4 | 3,970.0 | 74.4 | 1.9 | 116.6 | 4,161.0 | 43.1 | |||||
| Debt securities | 4,871.2 | 46.1 | 0.9 | -56.6 | 4,860.8 | 63.9 | 1.3 | 24.0 | 4,948.6 | 51.3 | |||||
| Bonds and notes | 4,352.4 | 87.6 | 2.0 | -48.5 | 4,391.5 | 72.4 | 1.6 | 15.5 | 4,479.4 | 46.4 | |||||
| Money market instruments | 518.9 | -41.5 | -8.0 | -8.1 | 469.3 | -8.5 | -1.8 | 8.5 | 469.3 | 4.9 | |||||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -1,765.3 | -42.7 | - | -13.6 | -1,821.6 | -39.4 | - | -0.3 | -1,861.3 | -19.3 | |||||
| Financial derivatives | -41.5 | -3.4 | - | 5.5 | -39.4 | -0.7 | - | -45.8 | -85.9 | -0.9 | |||||
| Other investment | -56.5 | 147.3 | - | 75.4 | 166.2 | 69.3 | - | -35.8 | 199.7 | 2.1 | |||||
| Assets | 4,781.8 | -23.2 | -0.5 | -86.0 | 4,672.5 | 190.9 | 4.1 | -15.7 | 4,847.7 | 50.2 | |||||
| Eurosystem | 25.2 | -8.3 | -32.9 | 0.2 | 17.1 | -6.7 | -39.0 | -0.5 | 9.9 | 0.1 | |||||
| General government | 149.1 | 5.6 | 3.8 | 2.5 | 157.2 | 0.3 | 0.2 | -3.3 | 154.2 | 1.6 | |||||
| MFIs excluding Eurosystem | 2,848.5 | -13.0 | -0.5 | -81.7 | 2,753.7 | 140.1 | 5.1 | 9.7 | 2,903.5 | 30.1 | |||||
| Other sectors | 1,759.0 | -7.5 | -0.4 | -7.0 | 1,744.5 | 57.2 | 3.3 | -21.6 | 1,780.1 | 18.4 | |||||
| Liabilities | 4,838.3 | -170.6 | -3.5 | -161.4 | 4,506.3 | 121.6 | 2.7 | 20.1 | 4,648.1 | 48.2 | |||||
| Eurosystem | 360.7 | -17.6 | -4.9 | -2.5 | 340.7 | -30.2 | -8.9 | 1.2 | 311.6 | 3.2 | |||||
| General government | 229.6 | -8.4 | -3.7 | 2.3 | 223.5 | 2.1 | 0.9 | -2.5 | 223.1 | 2.3 | |||||
| MFIs excluding Eurosystem | 2,740.9 | -125.5 | -4.6 | -84.1 | 2,531.3 | 73.7 | 2.9 | 10.1 | 2,615.1 | 27.1 | |||||
| Other sectors | 1,507.1 | -19.1 | -1.3 | -77.2 | 1,410.8 | 76.0 | 5.4 | 11.4 | 1,498.2 | 15.5 | |||||
| Reserve assets | 586.8 | 0.3 | 0.1 | -45.0 | 542.1 | 2.6 | 0.5 | 26.0 | 570.6 | 5.9 | |||||
| MEMO ITEM: GROSS EXTERNAL DEBT | 11,982.3 | - | - | - | 11,608.3 | - | - | - | 11,826.0 | 122.5 | |||||