Table 1: Current account of the euro area

(EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

	Cumulated figures for the four-quarter period ending in						Q3 2015			Q3 2016
	Q3 2015			Q3 2016
	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit
Current account	314.4	3,577.6	3,263.3	344.0	3,573.3	3,229.4	94.7	902.0	807.3	93.7	892.0	798.3
Percentage of GDP1	3.0	34.5	31.5	3.2	33.5	30.3	-	-	-	-	-	-
Goods	331.4	2,083.3	1,751.9	377.4	2,095.8	1,718.4	88.8	525.8	436.9	93.1	519.8	426.7
of which: General merchandise	303.5	2,015.3	1,711.8	349.7	2,029.0	1,679.3	80.7	507.6	427.0	84.9	502.0	417.1
Services	62.9	754.9	692.0	63.0	778.3	715.3	18.9	202.5	183.5	25.3	206.1	180.8
Transport	6.6	131.9	125.3	4.3	125.9	121.6	2.3	34.3	31.9	3.3	33.5	30.2
Travel	24.2	121.8	97.6	24.2	124.6	100.4	12.3	43.4	31.1	11.9	44.2	32.3
Insurance, pension and financial services	19.0	90.7	71.7	17.6	89.5	71.9	4.8	23.1	18.3	3.9	21.6	17.7
Telecommunication, computer and information services	56.0	99.5	43.5	62.7	110.3	47.6	13.7	24.5	10.7	15.6	27.2	11.6
Other business services	-12.3	200.2	212.5	-13.4	205.3	218.7	-5.9	48.5	54.4	-1.2	49.6	50.8
Other	-30.6	110.8	141.4	-32.4	122.8	155.1	-8.4	28.7	37.0	-8.2	30.1	38.3
Primary income	55.6	638.5	582.9	31.8	599.0	567.2	9.6	149.9	140.4	7.5	142.8	135.3
Compensation of employees	20.4	35.8	15.4	21.8	37.4	15.7	4.6	9.0	4.4	4.9	9.4	4.5
Investment income	11.6	560.9	549.3	1.4	529.6	528.2	6.1	137.4	131.3	3.5	129.4	125.9
Direct investment	100.6	340.3	239.7	81.7	311.2	229.5	19.1	80.2	61.1	15.2	75.0	59.8
of which: Reinvested earnings	-13.6	24.1	37.8	-20.9	32.6	53.5	-6.0	10.4	16.5	-8.7	3.1	11.9
Portfolio investment	-88.9	178.6	267.6	-79.4	180.1	259.5	-13.2	47.5	60.7	-11.6	45.2	56.8
Dividends	-2.8	63.2	66.0	-3.5	63.3	66.8	8.7	17.6	8.9	5.8	16.1	10.3
Income on investment fund shares	-83.1	4.6	87.7	-80.2	5.0	85.2	-22.5	1.3	23.8	-18.7	1.3	20.0
Interest	-3.1	110.8	113.9	4.3	111.7	107.5	0.7	28.6	27.9	1.3	27.9	26.6
Other investment	-2.7	39.3	42.0	-3.7	35.6	39.2	-0.5	9.0	9.5	-0.8	8.5	9.3
of which: interest	-1.7	36.0	37.7	-2.2	32.6	34.8	-0.3	8.1	8.4	-0.5	7.9	8.3
Reserve assets		2.6			2.7			0.7			0.7
Other primary income	23.6	41.8	18.2	8.7	32.0	23.3	-1.1	3.6	4.6	-0.9	4.0	4.9
Secondary income	-135.5	100.9	236.4	-128.3	100.2	228.5	-22.6	23.9	46.5	-32.2	23.3	55.5
1)Four-quarter cumulated sums of non-working day and non-seasonally adjusted GDP.
Source: ECB.