France external liabilities: other investment
France external liabilities: other investment stood at 4,274,692 EUR million in Q2 2026, according to Eurostat – international investment position by country (bop_iip6_q), compiled by Banque de France. It is one of the indicators in the International investment position table (Value · Quarterly), with a complete series running from Q1 1999 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the International investment position table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other investment2 | 4,274,692 | 4,110,540 | 3,965,474 | 3,981,054 | 3,969,166 | 3,920,252 | 3,645,469 | 3,737,645 | 3,642,287 | 3,734,484 | |
| Currency and deposits | 3,632,645 | 3,463,441 | 3,362,958 | 3,387,195 | 3,380,226 | 3,315,714 | 3,051,570 | 3,151,168 | 3,058,970 | 3,140,154 | |
| Loans | 315,785 | 308,701 | 301,700 | 292,400 | 292,606 | 303,270 | 290,359 | 285,600 | 279,230 | 299,527 |
Understanding france external liabilities: other investment
Residual financial obligations owed to non-residents that do not fall under portfolio investment, financial derivatives, or direct investment make up this category of external liabilities. It encompasses cross-border loans, currency and deposits, trade credits, and other accounts payable that link resident sectors with foreign counterparts through non-tradable channels. Excluded from this aggregate are marketable securities, equity interests, and reserve assets, leaving a focus on bilateral financial credit and banking sector liabilities.
Analyzing this series demands careful attention to currency valuation adjustments, since foreign-denominated loans and deposits fluctuate with exchange rate movements against the reporting currency. Early estimates rely on sample surveys and administrative banking returns that face frequent revisions as complete settlement data emerges. Period-on-period movements can be volatile due to short-term interbank flows and trade financing shifts, meaning analysts look to structural patterns over extended intervals rather than single-quarter jumps. Confusion often arises between these non-tradable liabilities and formal debt securities, which are tracked separately under portfolio investment.
Frequently asked questions
- What types of transactions are grouped under other investment liabilities?
- Cross-border loans, currency and deposits, trade credits, and miscellaneous accounts payable not classified elsewhere.
- Why are early estimates of other investment liabilities frequently revised?
- Preliminary figures depend on banking returns and sample surveys that are updated as comprehensive administrative data becomes available.
- How does other investment differ from portfolio investment?
- Other investment covers non-tradable instruments like loans and deposits, whereas portfolio investment tracks marketable securities.