The current account was in deficit in January 2024

Current account

The current account was EUR 0.1 billion in deficit in January 2024. The 12-month moving total of the current account was EUR 3.0 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 8 % year-on-year and was EUR 6.3 billion. The value of goods imports in balance of payments terms fell by 11 % year-on-year to EUR 5.7 billion. The service account was EUR 1.0 billion in deficit. The value of service exports fell 15 % year-on-year and was EUR 2.2 billion while the value of service imports fell 3 % year-on-year to EUR 3.2 billion.

The primary income account was EUR 0.6 billion in surplus. The secondary income account was EUR 0.2 billion in deficit.

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Financial account

In January net capital inflow to Finland from abroad amounted to EUR 15.1 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of portfolio investments (EUR 7.8 billion).

Net capital outflow from Finland to abroad was highest in the form of derivatives (EUR 1.1 billion).