The current account was in surplus in July 2024

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

According to Statistics Finland, the current account was in surplus in July 2024. The value of goods exports in balance of payments terms grew by 13 % year-on-year. There was net capital inflow to Finland from abroad.

Key selections

  • The current account was in surplus in July 2024.
  • The value of goods exports in balance of payments terms grew by 13 % year-on-year.
  • The goods account in balance of payment terms strengthened by EUR 0.5 billion from previous year and was EUR 0.7 billion in surplus.
  • There was net capital inflow to Finland from abroad.

Current account

The current account was EUR 0.6 billion in surplus in July 2024. 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 0.7 billion in surplus. The value of goods exports in balance of payments terms grew by 13 % year-on-year and was EUR 6.8 billion. The value of goods imports in balance of payments terms grew by 5 % year-on-year to EUR 6.1 billion. The service account was EUR 0.6 billion in deficit.

The primary income account was EUR 0.7 billion in surplus. The secondary income account was EUR 0.2 billion in deficit.

Financial account

In July net capital inflow to Finland from abroad amounted to EUR 0.7 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of direct investments (EUR 0.8 billion).

Net capital outflow from Finland to abroad was highest in the form of other investments (EUR 0.9 billion).

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Referencing instructions

Official Statistics of Finland (OSF): Balance of payments and international investment position [online publication].
Reference period: 2024, July. ISSN=2342-348X. Helsinki: Statistics Finland [Referenced: 22.12.2024].
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