4 PRIMARY INCOME
for periods indicated
in million U.S. dollars
	2021 p									Q1	Q2	Q3		Growth (%)	Jan-Sep		Growth (%)
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Q1	Q2	2020 p	2021 p	2021 p	2020 p	2021 p	2021 p

Primary Income	292	423	-118	531	223	402	-45	338	350	597	1,156	965	642	-33.4	2,960	2,396	-19.1
Receipts	973	839	991	970	969	963	1,048	1,116	1,074	2,803	2,902	2,952	3,238	9.7	8,700	8,943	2.8
Payments	681	416	1,109	439	745	562	1,094	778	724	2,205	1,746	1,987	2,596	30.6	5,740	6,547	14.1

Compensation of employees	749	661	746	701	652	664	724	764	767	2,156	2,017	2,142	2,255	5.3	6,209	6,428	3.5
Receipts	760	673	764	709	664	678	736	776	781	2,198	2,051	2,175	2,293	5.5	6,306	6,542	3.7
Payments	12	12	18	8	12	14	12	12	14	42	34	33	38	15.6	97	114	17.9

Investment income	-456	-238	-864	-170	-429	-262	-769	-426	-418	-1,558	-861	-1,176	-1,613	-37.1	-3,249	-4,032	-24.1
Receipts	213	165	227	261	304	286	313	340	292	605	851	778	945	21.5	2,395	2,401	0.3
Payments	669	404	1,091	431	733	548	1,082	765	710	2,164	1,712	1,954	2,558	30.9	5,644	6,433	14.0

Direct investment	-244	-138	-509	-118	-356	-253	-536	-408	-353	-891	-727	-807	-1,297	-60.7	-2,285	-2,915	-27.6
Receipts	59	48	80	111	100	68	82	116	77	187	278	335	275	-17.8	954	741	-22.4
Payments	303	186	589	229	456	320	617	525	430	1,078	1,005	1,142	1,572	37.7	3,239	3,655	12.9

Income on equity and investment fund shares	-283	-169	-544	-158	-400	-300	-580	-465	-395	-996	-858	-925	-1,440	-55.6	-2,714	-3,294	-21.4
Receipts	8	8	32	63	42	14	27	54	25	48	119	176	106	-39.5	267	274	2.4
Payments	291	177	576	222	442	313	607	519	420	1,044	977	1,101	1,546	40.4	2,981	3,567	19.7

Dividends and withdrawals from
income of quasi-corporations	-212	-101	-470	-81	-326	-195	-431	-390	-310	-784	-602	-664	-1,131	-70.5	-2,030	-2,517	-24.0
Receipts	5	3	27	59	12	8	21	29	21	35	78	151	71	-53.2	181	185	2.2
Payments	217	105	497	139	338	203	452	420	331	819	681	815	1,202	47.5	2,211	2,702	22.2

Direct investor in direct investment
enterprises	-212	-101	-470	-81	-326	-195	-431	-390	-310	-784	-602	-664	-1,131	-70.5	-2,030	-2,517	-24.0
Receipts	5	3	27	59	12	8	21	29	21	35	78	151	71	-53.2	181	185	2.2
Payments	217	105	497	139	338	203	452	420	331	819	681	815	1,202	47.5	2,211	2,702	22.2

Reinvested earnings	-71	-67	-74	-78	-74	-104	-149	-74	-85	-212	-256	-262	-308	-17.8	-684	-776	-13.6
Receipts	3	5	5	5	30	6	6	25	4	13	40	24	35	46.0	87	89	2.7
Payments	74	72	79	82	104	110	155	99	89	225	297	286	344	20.2	770	865	12.3

Interest	39	30	35	40	45	47	44	56	43	104	131	118	143	20.6	429	379	-11.7
Receipts	51	40	48	47	58	54	54	62	53	139	159	159	169	6.2	686	467	-32.0
Payments	12	9	13	7	13	7	10	6	10	34	28	40	26	-35.8	257	88	-65.8

Direct investor in direct investment
enterprises	39	30	35	40	45	47	44	56	43	104	131	118	143	20.6	429	379	-11.7
Receipts	51	40	48	47	58	54	54	62	53	139	159	159	169	6.2	686	467	-32.0
Payments	12	9	13	7	13	7	10	6	10	34	28	40	26	-35.8	257	88	-65.8

Memorandum: Interest before FISIM	33	30	29	40	34	45	39	56	35	92	120	108	130	20.9	389	342	-12.2
Receipts	51	40	48	47	58	54	54	62	53	139	159	159	169	6.2	686	467	-32.0
Payments	18	9	19	7	24	9	15	6	18	47	40	51	39	-24.6	297	125	-57.9

Portfolio investment	-277	-159	-428	-136	-164	-112	-363	-157	-92	-864	-413	-595	-612	-2.7	-1,625	-1,888	-16.2
Receipts	71	38	29	27	67	72	85	67	100	137	167	117	252	115.2	338	556	64.5
Payments	348	197	456	163	232	184	448	224	193	1,001	579	713	864	21.2	1,963	2,444	24.5

Income on equity and investment fund shares	-13	-15	-269	-42	-119	-62	-18	-138	-7	-298	-224	-190	-163	14.0	-686	-684	0.2
Receipts	.	.	.	5	.	.	.	.	.	.	5	5	.	-97.6	5	5	9.0
Payments	13	15	269	47	119	62	18	138	7	298	229	194	163	-16.0	691	690	-0.1

Dividends on equity excluding
investment fund shares	-13	-15	-269	-42	-119	-62	-18	-138	-7	-298	-224	-190	-163	14.0	-686	-684	0.2
Receipts	.	.	.	5	.	.	.	.	.	.	5	5	.	-97.6	5	5	9.0
Payments	13	15	269	47	119	62	18	138	7	298	229	194	163	-16.0	691	690	-0.1

Central Bank	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Deposit-taking corporations, except
the central bank	0	-1	-86	-9	-29	-7	-2	.	-7	-87	-44	-11	-9	24.0	-90	-140	-56.4
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	1	86	9	29	7	2	.	7	87	44	11	9	-24.0	90	140	56.4
General Government	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Other Sectors	-13	-14	-183	-33	-91	-56	-16	-138	-1	-210	-179	-178	-155	13.3	-596	-544	8.7
Receipts	.	.	.	5	.	.	.	.	.	.	5	5	.	-97.6	5	5	9.0
Payments	13	14	183	38	91	56	16	138	1	210	184	183	155	-15.5	601	549	-8.6

Interest	-264	-144	-159	-94	-45	-50	-344	-19	-85	-566	-189	-406	-448	-10.5	-939	-1,204	-28.2
Receipts	71	38	28	22	67	72	85	67	100	137	161	112	252	124.1	333	551	65.3
Payments	335	182	187	116	113	122	429	86	185	704	351	518	700	35.2	1,272	1,755	37.9

Short-term	-27	-41	-47	-33	-38	-22	-23	-32	-30	-115	-93	-16	-86	-437.6	-43	-295	-587.5
Receipts	9	5	9	6	9	18	58	14	1	23	33	40	74	83.0	75	130	73.6
Payments	36	46	56	39	47	40	81	47	32	139	126	56	160	183.7	118	424	261.1

Central Bank	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Deposit-taking corporations, except
the central bank	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--

General Government	-2	-2	-2	-1	-1	-1	-1	.	-1	-5	-3	-1	-2	-235.2	-3	-10	-195.9
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	2	2	2	1	1	1	1	.	1	5	3	1	2	235.2	3	10	195.9
Other Sectors	-25	-40	-45	-32	-37	-21	-22	-32	-30	-110	-90	-15	-84	-444.9	-39	-285	-622.1
Receipts	9	5	9	6	9	18	58	14	1	23	33	40	74	83.0	75	130	73.6
Payments	34	45	54	39	46	39	80	46	31	133	123	56	158	183.2	114	414	263.1

Long-term	-237	-103	-111	-61	-7	-28	-321	13	-54	-451	-96	-390	-362	7.0	-896	-909	-1.4
Receipts	62	33	19	16	59	54	27	52	99	114	129	72	178	147.0	259	421	62.9
Payments	299	135	131	77	66	82	348	39	153	565	224	462	541	17.1	1,155	1,330	15.2

Central Bank	0	0	0	0	0	-5	0	0	0	0	-5	0	0	--	-6	-5	12.1
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	0	0	0	0	5	0	0	0	0	5	0	0	--	6	5	-12.1
Deposit-taking corporations, except
the central bank	-10	-5	-18	-9	0	-11	-10	-3	-42	-33	-20	-21	-55	-162.1	-112	-108	4.1
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	10	5	18	9	0	11	10	3	42	33	20	21	55	162.1	112	108	-4.1
General Government	-252	-130	-112	-58	-55	-55	-306	-37	-101	-494	-168	-436	-444	-1.8	-965	-1,106	-14.7
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	252	130	112	58	55	55	306	37	101	494	168	436	444	1.8	965	1,106	14.7
Other Sectors	26	32	18	5	48	44	-5	52	89	76	98	67	136	103.5	187	311	66.2
Receipts	62	33	19	16	59	54	27	52	99	114	129	72	178	147.0	259	421	62.9
Payments	37	.	1	10	11	10	32	.	10	38	31	5	42	702.5	72	111	54.5

Other investment	-6	-11	-35	-28	-33	-32	-6	-5	-77	-52	-94	-47	-89	-89.0	-196	-235	-19.9
Receipts	12	10	11	11	12	11	11	12	10	32	34	53	33	-37.7	246	99	-59.9
Payments	18	21	45	39	46	43	17	17	88	84	127	100	122	22.1	442	333	-24.6

Interest	-6	-11	-35	-28	-33	-32	-6	-5	-77	-52	-94	-47	-89	-89.0	-196	-235	-19.9
Receipts	12	10	11	11	12	11	11	12	10	32	34	53	33	-37.7	246	99	-59.9
Payments	18	21	45	39	46	43	17	17	88	84	127	100	122	22.1	442	333	-24.6

Central Bank	0	.	0	0	.	0	0	.	0	.	.	.	.	28.2	-3	-1	82.1
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	0	.	0	0	.	0	0	.	0	.	.	.	.	-28.2	3	1	-82.1
Deposit-taking corporations, except
the central bank	6	4	2	6	2	3	7	7	-49	12	11	28	-35	-225.0	117	-12	-110.2
Receipts	10	8	9	9	10	9	9	10	9	27	29	45	29	-36.7	184	84	-54.4
Payments	4	4	7	3	8	6	3	3	58	14	18	17	64	277.6	67	96	43.3
General Government	-6	-10	-24	-26	-32	-5	-5	-9	-20	-40	-63	-47	-34	27.8	-250	-137	45.3
Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--
Payments	6	10	24	26	32	5	5	9	20	40	63	47	34	-27.8	250	137	-45.3
Other Sectors	-6	-5	-13	-8	-3	-30	-8	-4	-8	-24	-42	-28	-20	30.3	-59	-85	-43.6
Receipts	2	2	2	2	2	1	1	1	1	6	5	8	4	-43.9	62	15	-76.1
Payments	8	7	14	10	5	32	9	5	10	29	47	36	24	-33.2	121	100	-17.6

Memorandum: Interest before FISIM	-5	-14	-44	-29	-33	-38	-9	-12	-88	-63	-100	-77	-109	-41.4	-338	-271	19.9
Receipts	17	12	14	15	17	17	12	13	12	43	49	51	37	-26.9	204	129	-36.8
Payments	22	26	58	44	50	55	21	25	100	106	148	128	146	14.0	542	400	-26.2

Investment income attributable to policyholders
in insurance, pension schemes, and
standardized guarentee schemes	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--

Reserve assets	71	70	108	113	125	135	135	145	104	248	372	273	385	41.0	857	1,005	17.4
Receipts	71	70	108	113	125	135	135	145	104	248	372	273	385	41.0	857	1,005	17.4

Interest	71	70	108	113	125	135	135	145	104	248	372	273	385	41.0	857	1,005	17.4
Receipts	71	70	108	113	125	135	135	145	104	248	372	273	385	41.0	857	1,005	17.4

Memorandum: Interest before FISIM	71	70	108	113	125	135	135	145	104	248	372	273	385	41.0	857	1,005	17.4
Receipts	71	70	108	113	125	135	135	145	104	248	372	273	385	41.0	857	1,005	17.4

Other primary income	0	0	0	0	0	0	0	0	0	0	0	0	0	--	0	0	--

Details may not add up to total due to rounding.
p Preliminary
. Rounds off to zero
-- Undefined/Indeterminate growth rate