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The current account was in surplus in November 2022

release | Balance of payments and international investment position 2022, November

According to Statistics Finland, the current account was in surplus in November 2022. The value of goods exports in balance of payments terms increased by 29 per cent year-on-year. There was net capital inflow to Finland from abroad.

Key selections

  • The current account was in surplus in November.
  • The value of goods exports in balance of payments terms increased by 29 per cent year-on-year.
  • There was net capital inflow to Finland from abroad.

Current account

The current account was EUR 1.0 billion in surplus in November. The 12-month moving total of the current account was EUR 9.5 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 1.2 billion in surplus. The value of goods exports in balance of payments terms increased by 29 per cent year-on-year and was EUR 8.7 billion at the same time as the value of goods imports in balance of payments terms increased by 14 per cent year-on-year to EUR 7.5 billion. The service account was in deficit by EUR 0.2 billion.

The primary income account was EUR 0.3 billion in surplus. The secondary income account was EUR 0.2 billion in deficit.

Financial account

In November net capital inflow to Finland from abroad amounted to EUR 0.6 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of portfolio investments, EUR 2.6 billion.

Net capital outflow from Finland was highest in the form of other investments.

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