The current account was in deficit and net capital flowed into Finland from abroad in February 2022
The current account was in deficit in February. The value of goods exports in balance of payments terms increased by 23 per cent year-on-year. Net capital inflow to Finland from abroad. The data appear from Statistics Finland's statistics on balance of payments and international investment position.
Key selections
- The current account was in deficit in February.
- The value of goods exports in balance of payments terms increased by 23 per cent
year-on-year. - Net capital flowed into Finland from abroad.
Current account
The current account was EUR 0.1 billion in deficit in February. The 12-month moving total of the current account was EUR 1.5 billion in surplus.
Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.3 billion in deficit. The value of goods exports in balance of payments terms increased by 23 per cent year-on-year and was EUR 6.0 billion at the same time as the value of goods imports in balance of payments terms increased by 30 per cent year-on-year to EUR 6.3 billion. The service account was in deficit.
The primary income account was EUR 0.8 billion in surplus. At the same time the secondary income account was EUR 0.3 billion in deficit.
Financial account
In February net capital inflow to Finland from abroad amounted to EUR 3.4 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of other investments, EUR 9.2 billion. Net capital outflow from Finland was highest in the form of portfolio investments.
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