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3. Examine the following summary of German balance of payments for 2018 (in $ bns) and fill in the blank entries. Balance of Payments Credit

3. Examine the following summary of German balance of payments for 2018 (in $ bns) and fill in the blank entries.

Balance of Payments

Credit

Debit

Current Account

(1) Exports

(1.1) Goods

1,527.10

(1.2) Services

342.80

(2) Imports

(1,630.30)

(2.1) Goods

(1,264.60)

(2.2) Services

(365.70)

(3) Primary Income

257.30

(149.50)

(4) Secondary Income

80.80

(136.90)

Balance on Current Account

Capital Account

51.30

(48.90)

Balance on Capital Account

2.40

Financial Account

(5) Direct Investment

105.30

(159.10)

(6) Portfolio Investment

(51.40)

(6.1) Equity Securities

1.10

(34.00)

(6.2) Debt Securities

(52.50)

(48.50)

(6.3) Derivatives

-

(27.50)

(7) Other Investment

99.40

(154.70)

Balance on Financial Account

(8) Statistical Discrepancies

(22.70)

Overall balance

Official Reserve Account

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