The current account was in deficit in October 2024
According to Statistics Finland, the current account was in deficit in October 2024. The value of goods exports in balance of payments terms remained at the same level as the previous year. There was net capital inflow to Finland from abroad.
Key selections
- The current account was in deficit in October 2024.
- The value of goods imports in balance of payments terms grew by 5 % year-on-year.
- The goods account in balance of payment terms weakened by EUR 0.3 billion from previous year and was EUR 0.4 billion in surplus.
- There was net capital inflow to Finland from abroad.
Current account
The current account was EUR 0.3 billion in deficit in October 2024. The 12-month moving total of the current account was EUR 0.8 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 remained the same as the previous year at EUR 6.8 billion. The value of goods imports in balance of payments terms grew by 5 % year-on-year to EUR 6.4 billion. The service account was EUR 0.4 billion in deficit.
The primary income account was EUR 0.1 billion in deficit. The secondary income account was EUR 0.2 billion in deficit.
Financial account
In October net capital inflow to Finland from abroad amounted to EUR 3.7 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of portfolio investments (EUR 3.0 billion).
Net capital outflow from Finland to abroad was highest in the form of other investments (EUR 0.2 billion).
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