Definition
In the Balance of Payments, this account shows the net acquisition and disposal of financial assets and liabilities with non-residents.
Further information
Conceptually, the balance of the financial account is equivalent to the balance of the current and capital accounts (which determines the net lending (+) or borrowing (-) of the economy). In practice, there are differences between the two balances, which are referred to as errors and omissions. The financial account records the net variation of financial assets and liabilities from transactions between residents and non-residents, classified according to the functional categories of direct investment, portfolio investment, other investment, financial derivatives, and reserve assets.
The Balance of Payments and the International Investment Position. Methodological Note.
Related concepts
- Balance of Payments
- Portfolio investment
- Direct investment
- Other investment
- International reserves / Reserve assets
- Functional category
- Financial derivatives
- Net lending or borrowing of the economy
- Residence
- Errors and omissions
References
Legal frame
- Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment
- 2012/120/EU: Guideline of the European Central Bank, of December 9, 2011, on the statistical reporting requirements of the European Central Bank in the field of external statistics (recast version) (ECB/2011/23).
Links to data tables
Selection of tables
-
Summary table of Balance of Payments/ International Investment Position. Financial Account. Monthly data.
-
Summary table of Balance of Payments/ International Investment Position. Financial Account. Monthly data.
Other resources
- BExplore the external statistics (interactive charts).
- In brief. Graphical summary of external statistics.
Update date: January 2025
