The current account was in deficit in July 2022
release | Balance of payments and international investment position 2022, JulyAccording to Statistics Finland, the current account was in deficit in July 2022. The value of goods exports in balance of payments terms increased by 28 per cent year-on-year. There was net capital outflow from Finland to abroad.
Key selections
- The current account was in deficit in July.
- The value of goods exports in balance of payments terms increased by 28 per cent year-on-year.
- Net capital flowed from Finland to abroad.
Current account
The current account was EUR 0.3 billion in deficit in July. The 12-month moving total of the current account was EUR 5.5 billion in deficit.
Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.1 billion in deficit. The value of goods exports in balance of payments terms increased by 28 per cent year-on-year and was EUR 7.4 billion at the same time as the value of goods imports in balance of payments terms increased by 34 per cent year-on-year to EUR 7.5 billion. The service account was in deficit.
The primary income account was EUR 0.7 billion in surplus. The secondary income account was EUR 0.1 billion in deficit.
Financial account
In July net capital outflow from Finland to abroad amounted to EUR 1.2 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of portfolio investments, EUR 2.5 billion. Net capital inflow to Finland was highest in the form of other investments.
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