Balance of payments

The balance of payments records all economic transactions between residents and non-residents within a given time period and thus shows a country’s complex economics links with the rest of the world.

Current data and changes compared with the previous month

Trade in emission permits

Trade in emission permits
Since 2008, receipts in the capital account have soared from below €105 billion in 2021. Expenditure has risen almost in parallel from less than €7 billion to more than €108 billion. These increases are almost entirely attributable to the rise in trade in carbon emission permits, which are recorded in the capital account as non-produced non-financial assets.

Besides emission permits, the capital account includes, amongst other things, debt forgiveness, some EU subsidies and development aid if these are intended for investment in non-financial assets (such as schools).