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The current account was in surplus in November 2023

release | Balance of payments and international investment position 2023, November

According to Statistics Finland, the current account was in surplus in November 2023. The value of goods exports in balance of payments terms remained at the same level as the previous year. There was net capital outflow from Finland to abroad.

Key selections

  • The current account was in surplus in November 2023.
  • The value of goods imports in balance of payments terms fell by 16 % year-on-year.
  • There was net capital outflow from Finland to abroad.
  • The goods account in balance of payment terms was EUR 2.3 billion in surplus.

Current account

The current account was EUR 2.2 billion in surplus in November. The 12-month moving total of the current account was EUR 1.3 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 2.3 billion in surplus. The value of goods exports in balance of payments terms remained the same as the previous year at EUR 8.6 billion. The value of goods imports in balance of payments terms fell by 16 % year-on-year to EUR 6.3 billion. The service account was EUR 0.2 billion in deficit. The value of service exports remained the same as the previous year at EUR 3.1 billion while the value of service imports fell 5 % year-on-year to EUR 3.3 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 outflow from Finland to abroad amounted to EUR 0.9 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of other investments (EUR 0.9 billion).

Net capital inflow to Finland was highest in the form of portfolio investments (EUR 0.3 billion).

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