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The current account was in deficit in the third quarter of 2022

release | Balance of payments and international investment position 2022, 3rd quarter

Change

Revisions to the data for 2021 and 2020 exceptionally in connection with the December release. The change affects goods exports.
Read more about the change

According to Statistics Finland, the current account was EUR 1.7 billion in deficit in the third quarter of 2022. The value of goods exports in balance of payments terms increased by 24 % year-on-year. On the other hand, the value of goods imports increased by 32 % year-on-year. The balance of goods and services showed a deficit of EUR 2.1 billion. The primary income account was in surplus. The net international investment position weakened compared to the previous quarter.

A bar chart is showing the development of the current account starting from the first quarter of 2006. In the third quarter of 2022, the current account showed a deficit of EUR 1.7 billion. The deficit of the current account contracted from the previous quarter, when the current account was EUR 6.8 billion in deficit.

Key points

  • The current account was EUR 1.7 billion in deficit.
  • The balance of goods and services showed a deficit of EUR 2.1 billion.
  • The primary income account was EUR 1.1 billion in surplus.
  • Net capital inflow to Finland from abroad amounted to EUR 10.6 billion.
  • The net international investment position weakened compared to the previous quarter.

A line chart is showing the development of the 4-quarter moving totals of the current account and the balance of goods and services starting from the first quarter of 2007. In the third quarter of 2022, the moving total of the current account was EUR 11.5 billion in deficit, while the moving total of the balance of goods and services was EUR 6.7 billion in deficit.
A line chart is showing the development of the net international investment position starting from the first quarter of 2006. The net international investment position was EUR -6.9 billion in the third quarter of 2022. The net international investment position weakened compared to the previous quarter.

Change

Revisions to the data for 2021 and 2020 exceptionally in connection with the December release. The change affects goods exports.
Read more about the change

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Updated database tables
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