Monthly Bulletin July 2009 - Banque de France

7.2 Current and capital accounts
(EUR billions)
2. Income account
(transactions)
Compensation
of employees Investment income
Credit Debit Total Direct investment Portfolio investment Other investment
Credit Debit Equity Debt Equity Debt Credit Debit
Credit Debit Credit Debit Credit Debit Credit Debit
Reinv.
Reinv.
earnings
earnings
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
2006 17.4 9.8 478.9 472.9 182.7 41.4 111.5 36.6 20.6 20.2 39.2 99.1 103.6 91.5 132.9 150.6
2007 18.7 10.2 573.6 580.7 207.0 75.0 130.5 38.6 26.1 24.4 45.5 116.1 117.5 113.2 177.5 196.5
2008 19.1 10.4 569.7 610.8 192.3 65.8 126.6 43.3 30.0 25.7 42.8 124.4 123.0 129.3 181.6 204.8
2007 Q4 4.9 2.7 147.7 141.4 52.5 13.8 31.2 6.9 7.4 6.5 9.4 20.6 30.7 30.5 47.5 52.5
2008 Q1 4.9 2.0 142.2 141.7 50.1 22.2 31.7 15.9 6.8 6.2 9.7 21.0 30.3 31.4 45.3 51.4
Q2 4.7 2.6 148.7 182.7 52.0 13.3 34.7 4.6 7.5 6.9 14.4 58.5 30.4 31.4 44.4 51.2
Q3 4.6 3.1 139.2 143.6 45.8 18.1 31.9 15.5 7.1 6.1 10.2 23.8 32.0 31.1 44.0 50.7
Q4 4.9 2.7 139.7 142.7 44.4 12.2 28.4 7.3 8.6 6.5 8.5 21.0 30.3 35.3 47.9 51.6
3. Geographical breakdown
(cumulated transactions)
Total European Union 27 (outside the euro area) Brazil Canada China India Japan Russia Switzer- United Other
land States
Total Den- Sweden United Other EU EU
mark Kingdom countries insti-
2008 Q1 to tutions
2008 Q4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Credits
Current account 2,760.3 999.7 60.5 85.8 518.6 277.7 57.1 41.1 35.9 85.2 31.1 57.2 103.4 185.8 404.8 815.9
Goods 1,579.3 542.5 36.4 54.3 233.6 218.1 0.0 22.5 18.6 65.5 23.5 33.8 79.1 91.8 192.6 509.4
Services 504.0 171.4 12.9 13.7 110.0 29.0 5.7 7.3 6.8 15.2 5.7 11.3 14.2 50.6 79.8 141.8
Income 588.8 222.7 10.4 16.2 162.1 27.4 6.7 11.0 9.8 4.3 1.8 11.8 9.8 36.9 125.4 155.4
Investment income 569.7 216.1 10.3 16.0 160.3 26.6 2.9 11.0 9.7 4.2 1.7 11.7 9.7 29.9 123.6 152.1
Current transfers 88.2 63.2 0.8 1.5 13.0 3.2 44.6 0.2 0.8 0.3 0.1 0.4 0.4 6.5 7.1 9.3
Capital account 25.7 22.3 0.0 0.0 1.1 0.2 21.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 1.4 1.2
Debits
Current account 2,853.9 904.0 47.3 85.1 439.4 228.0 104.1 - 31.8 - - 100.4 - 180.9 391.2 -
Goods 1,585.4 435.9 30.4 51.5 176.2 177.8 0.0 27.9 14.3 179.3 20.9 55.8 111.9 79.2 143.1 517.1
Services 462.3 141.2 8.2 11.7 87.6 33.4 0.2 5.3 6.8 11.2 4.6 8.3 9.4 39.9 95.4 140.2
Income 621.2 212.7 7.7 20.6 163.5 11.9 9.0 - 8.9 - - 35.7 - 55.8 144.1 -
Investment income 610.8 206.6 7.6 20.5 162.0 7.5 9.0 - 8.8 - - 35.6 - 55.3 143.1 -
Current transfers 185.0 114.2 1.0 1.3 12.1 4.9 95.0 1.5 1.8 2.5 0.7 0.6 0.5 6.0 8.7 48.6
Capital account 13.3 2.3 0.0 0.1 1.2 0.2 0.8 0.2 1.1 0.1 0.2 0.1 0.1 0.6 1.3 7.6
Net
Current account -93.6 95.7 13.2 0.7 79.2 49.7 -47.1 - 4.1 - - -43.2 - 4.9 13.6 -
Goods -6.1 106.6 6.0 2.9 57.3 40.4 0.0 -5.4 4.3 -113.8 2.6 -22.0 -32.8 12.6 49.5 -7.7
Services 41.7 30.1 4.7 2.0 22.4 -4.5 5.5 2.0 0.0 4.0 1.1 3.0 4.8 10.7 -15.6 1.6
Income -32.4 10.1 2.7 -4.5 -1.4 15.5 -2.3 - 0.8 - - -24.0 - -18.9 -18.7 -
Investment income -41.1 9.5 2.7 -4.5 -1.8 19.2 -6.1 - 0.9 - - -23.9 - -25.4 -19.5 -
Current transfers -96.8 -51.1 -0.2 0.3 0.9 -1.6 -50.3 -1.2 -1.1 -2.2 -0.6 -0.2 -0.1 0.6 -1.6 -39.3
Capital account 12.4 20.0 0.0 0.0 -0.1 -0.1 20.2 -0.1 -1.0 -0.1 -0.1 -0.1 0.0 0.0 0.2 -6.3
Source: ECB.
S 62 ECB
Monthly Bulletin
July 2009