The current account was in surplus in August 2024

Release related to topics:National economy
release | Balance of payments and international investment position 2024, August

According to Statistics Finland, the current account was in surplus in August 2024. The value of goods exports in balance of payments terms fell by 6 % year-on-year. There was net capital outflow from Finland to abroad.

Key selections

  • The current account was in surplus in August 2024.
  • The value of goods exports in balance of payments terms fell by 6 % year-on-year.
  • The value of goods imports in balance of payments terms fell by 3 % year-on-year.
  • The goods account in balance of payment terms weakened by EUR 0.2 billion from previous year and was EUR 0.4 billion in surplus.
  • There was net capital outflow from Finland to abroad.

Current account

The current account was EUR 0.7 billion in surplus in August 2024. The 12-month moving total of the current account was EUR 0.2 billion in surplus.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.4 billion in surplus. The value of goods exports in balance of payments terms fell by 6 % year-on-year and was EUR 6.3 billion. The value of goods imports in balance of payments terms fell by 3 % year-on-year to EUR 5.9 billion. The service account was EUR 0.1 billion in deficit.

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

Financial account

In August 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 portfolio investments (EUR 1.9 billion).

Net capital inflow to Finland was highest in the form of other investments (EUR 0.6 billion).

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Referencing instructions

Official Statistics of Finland (OSF): Balance of payments and international investment position [online publication].
Reference period: 2024, August. ISSN=2342-348X. Helsinki: Statistics Finland [Referenced: 15.11.2024].
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