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Published: 15 November 2016

Current account in deficit in September, international investment position positive

The current account was EUR 0.2 billion in deficit in September. The value of exports of goods and services decreased by one per cent from one year ago. In January to September, the value of exports of goods and services has decreased by four per cent year-on-year. The international investment position was positive. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and trade account

Current account and trade account

Current account

The current account was EUR 0.2 billion in deficit in September. The 12-month moving total of the current account was EUR 2.4 billion in deficit.

Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.1 billion in surplus. The value of goods exports in balance of payment terms was EUR 4.6 billion. The service account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.1 billion in deficit. The primary income account includes investment income like interests and dividends. The secondary income account was EUR 0.1 billion in deficit.

Current account and trade account, 12 –month moving total

Current account and trade account, 12 –month moving total

Financial account and international investment position

In September, net capital outflow from Finland amounted to EUR 0.3 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, EUR 3.7 billion. Net capital outflow from Finland was mainly in the form of portfolio investments, EUR 3.4 billion.

Finland's net international investment position stood at EUR 7.8 billion at the end of September, as foreign assets amounted to EUR 739.4 billion and foreign liabilities to EUR 731.7 billion.

International investment position

International investment position

Source: Balance of payments and international investment position, Statistics Finland

Inquiries: Saana Ranta-Ruona 029 551 3375, Tapio Kuusisto 029 551 3318, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Updated 15.11.2016

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. September 2016. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/mata/2016/09/mata_2016_09_2016-11-15_tie_001_en.html