The current account was in deficit in May 2024
According to Statistics Finland, the current account was in deficit in May 2024. The value of goods exports in balance of payments terms fell by 9 % year-on-year. There was net capital inflow to Finland from abroad.
Key selections
- The value of goods exports in balance of payments terms fell by 9 % year-on-year.
- The value of goods imports in balance of payments terms fell by 10 % year-on-year.
- The goods account in balance of payment terms was EUR 0.6 billion in surplus.
- There was net capital inflow to Finland from abroad.
Current account
The current account was EUR 0.1 billion in deficit in May 2024. The 12-month moving total of the current account was EUR 3.5 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 9 % year-on-year and was EUR 6.6 billion. The value of goods imports in balance of payments terms fell by 10 % year-on-year to EUR 6.0 billion. The service account was EUR 0.6 billion in deficit.
The primary income account was in balance. The secondary income account was EUR 0.1 billion in deficit.
Financial account
In May net capital inflow to Finland from abroad amounted to EUR 0.2 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of other investments (EUR 2.9 billion).
Net capital outflow from Finland to abroad was highest in the form of portfolio investments (EUR 1.9 billion).
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