The current account was in deficit in February 2023
According to Statistics Finland, the current account was in deficit in February 2023. The value of goods exports in balance of payments terms decreased by 4 per cent year-on-year. There was net capital outflow from Finland to abroad.
Key selections
- The current account was in deficit in February.
- The goods account in balance of payment terms was EUR 0.2 billion in surplus.
- There was net capital outflow from Finland to abroad.
Current account
The current account was EUR 0.3 billion in deficit in February. 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 0.2 billion in surplus. The value of goods exports in balance of payments terms decreased by 4 per cent year-on-year and was EUR 5.9 billion. The value of goods imports in balance of payments terms decreased by 11 per cent year-on-year to EUR 5.7 billion. The service account was in deficit by EUR 0.5 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 February net capital outflow from Finland to abroad amounted to EUR 0.2 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of portfolio investments, EUR 4.6 billion.
Net capital inflow to Finland was highest in the form of other investments.
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