The current account was in surplus in October 2023

Current account

The current account was EUR 0.2 billion in surplus in October. The 12-month moving total of the current account was EUR 1.1 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.6 billion in surplus. The value of goods exports in balance of payments terms fell by 11 % year-on-year and was EUR 6.6 billion. The value of goods imports in balance of payments terms fell by 19 % year-on-year to EUR 6.1 billion. The service account was EUR 0.3 billion in deficit. The value of service exports remained the same from previous year at EUR 3.2 billion while the value of service imports fell 5 % year-on-year to EUR 3.5 billion.

The primary income account was EUR 0.1 billion in surplus. The secondary income account was EUR 0.2 billion in deficit.

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Financial account

In October 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 other investments (EUR 2.3 billion).

Net capital inflow to Finland was highest in the form of portfolio investments (EUR 2.1 billion).