The current account was in surplus in September 2024

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

According to Statistics Finland, the current account was in surplus in September 2024. The value of goods exports in balance of payments terms grew by 1 % year-on-year. There was net capital inflow to Finland from abroad.

Key selections

  • The current account was in surplus in September 2024.
  • The balance of goods and services showed a surplus of EUR 0.7 billion.
  • The service account was EUR 0.3 billion in deficit.
  • The goods account in balance of payment terms was EUR 1.0 billion in surplus.
  • There was net capital inflow to Finland from abroad.

Current account

The current account was EUR 1.1 billion in surplus in September 2024. The 12-month moving total of the current account was EUR 0.7 billion in surplus.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 1.0 billion in surplus. The value of goods exports in balance of payments terms grew by 1 % year-on-year and was EUR 7.0 billion. The value of goods imports in balance of payments terms fell by 1 % year-on-year to EUR 6.0 billion. The service account was EUR 0.3 billion in deficit. The value of service exports grew 17 % year-on-year and was EUR 3.1 billion while the value of service imports grew 4 % year-on-year to EUR 3.4 billion.

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 September net capital inflow to Finland from abroad amounted to EUR 1.3 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of portfolio investments (EUR 8.7 billion).

Net capital outflow from Finland to abroad was highest in the form of other investments (EUR 7.1 billion).

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Referencing instructions

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