17. BALANCE OF PAYMENTS AND INTERNATIONAL

17.
BALANCE OF PAYMENTS AND INTERNATIONAL INVESTMENT POSITION
B) International investment position
17.22 Assets
Breakdown by functional category
and financial instrument
End-of-period positions
EUR billions
Direct investment
Total
Total
Debt
instruments
Equity
Portfolio investment, including Banco de España
Other investment, including Banco de España
Total, excluding Banco de España
Total, excluding Banco de España
Total
1=2+5+9
+10+14
+15+16
08
09
10
11
15 Q1
Q2
Q3
Q4
16 Q1
Q2
10=
11 to 13
Loans Currency Other
and
assets
deposits
(a)
11
12
13
14
15
16
394
404
450
458
60
73
63
67
362
385
325
271
68
86
103
88
282
288
217
178
11
11
5
4
66
61
52
52
352
321
315
323
70
72
79
88
251
219
204
199
31
30
32
36
5
13
21
32
108
77
95
140
15
20
24
36
1 436
1 395
1 473
523
512
536
453
444
451
70
68
85
267
267
293
94
99
105
169
162
175
3
6
13
47
45
43
373
339
366
110
97
88
223
207
200
40
35
77
32
35
40
153
157
157
41
40
38
P
1 482
1 430
1 403
1 384
545
528
532
522
461
446
447
439
84
82
85
83
305
304
306
314
116
122
128
139
176
170
164
168
13
12
14
7
41
38
35
33
362
352
322
323
92
95
93
92
197
187
158
153
73
70
70
79
41
44
49
53
148
129
125
105
40
35
35
34
P
P
P
P
1 424
1 476
1 529
1 526
531
539
559
554
441
446
469
466
90
92
90
88
340
353
375
381
146
155
165
174
186
191
203
200
8
7
7
6
34
32
31
31
319
341
337
322
90
90
92
94
152
173
165
141
77
79
80
88
63
67
73
77
103
109
119
120
34
35
37
41
P
P
P
P
1 673
1 649
1 646
1 665
588
591
571
591
494
495
473
488
94
96
98
103
441
449
443
445
207
220
214
226
225
222
221
213
8
7
8
5
34
38
41
46
341
328
337
334
97
97
99
98
158
147
157
150
87
84
81
86
79
83
87
90
139
110
118
110
51
49
49
50
P
P
1 669
1 730
594
611
488
502
106
109
435
442
215
218
214
218
6
5
53
56
331
347
95
101
150
156
85
89
92
96
115
124
49
54
13 Q1
Q2
Q3
Q4
4
Total
454
478
513
525
Q3
Q4
14 Q1
3
Debt
securities.
Short
term
8
9
Banco
de
España
1 361
1 354
1 345
1 380
12 Q2
Q2
Q3
Q4
2=3+4
Equity and Debt
investment securifund
ties.
shares
Long
term
5=6 to 8 6
7
Banco
de
España
Financial
derivatives Reserves
See notes at the end of the Chapter.
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BANCO DE ESPAÑA / STATISTICAL BULLETIN