The current account was in surplus in the fourth quarter of 2025

Current account and capital account

In the fourth quarter of 2025, the current account showed a surplus of EUR 1.7 billion. The balance of goods and services was EUR 1.2 billion in surplus. Of the sub-items of the current account, the primary income account was EUR 1.0 billion in surplus and the secondary income account was EUR 0.5 billion in deficit. The 4-quarter moving total of the current account was EUR 3.5 billion in surplus.

The capital account was EUR 0.2 billion in surplus in the fourth quarter of 2025.

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Goods and services

The goods account in balance of payment terms strengthened by EUR 0.4 billion from previous year and was EUR 2.0 billion in surplus in the fourth quarter of 2025. The service account was EUR 0.8 billion in deficit.

The value of goods exports in balance of payments terms grew by 5 per cent year-on-year and was EUR 20.6 billion. The value of goods imports in balance of payments terms grew by 3 per cent year-on-year to EUR 18.6 billion. The value of service exports in balance of payments terms fell by 1 per cent year-on-year and was EUR 10.8 billion. The value of service imports in balance of payments terms grew by 1 per cent year-on-year to EUR 11.6 billion.

More detailed import and export figures in balance of payments terms by service item and area can be found in the statistics on international trade in goods and services starting from 2015. Decreases and increases made to the Finnish Customs figures, which result in goods trade in balance of payments terms are also elaborated in the statistics on international trade in goods and services.

Primary and secondary income accounts

A total of EUR 1.0 billion were paid in primary income on net to Finland in the fourth quarter of 2025. Primary income paid to Finland from abroad was EUR 7.6 billion while primary income paid from Finland to abroad was EUR 6.6 billion.

The majority of primary income was in the form of investment income. In the fourth quarter of 2025 net investment income paid to Finland amounted to EUR 0.8 billion. Investment income paid to Finland from abroad was EUR 7.2 billion and investment income paid abroad from Finland was EUR 6.4 billion.

The secondary income account was EUR 0.5 billion in deficit.

Financial account

Net capital outflow from Finland to abroad amounted to EUR 0.9 billion in the fourth quarter. Of the functional categories of the financial account, net capital outflow was highest in the form of other investments (EUR 2.7 billion). Net capital inflow to Finland was highest in the form of portfolio investments (EUR 3.7 billion).

Net international investment position

In the fourth quarter of 2025, Finland had EUR 982.9 billion in gross foreign assets and EUR 929.8 billion in gross foreign liabilities. The net international investment position, i. e. the difference between the stock of assets and liabilities was EUR 53.1 billion. The net international investment position weakened from the previous quarter by EUR 11.1 billion.

Examined by type of investment, the majority of foreign assets were in the form of portfolio investments in the fourth quarter of 2025 (EUR 566.6 billion). Respectively, the share of portfolio investments was also highest in foreign liabilities (EUR 574.7 billion).

When examining the net international investment position by type of investment, it can be seen that the biggest net assets were in direct investments (EUR 59.8 billion). Correspondingly, the largest net liabilities can be found in other investments (EUR 9.9 billion).

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Net international investment position by sector

Looking into the net international investment position by sector, the largest net foreign assets were held by employment pension schemes (EUR 225.6 billion), collective investment schemes, excl. money market funds (EUR 99.3 billion) and insurance corporations (EUR 38.3 billion). Correspondingly, the largest net foreign liabilities were held by other monetary financial institutions (EUR 126.0 billion), central government (EUR 115.6 billion) and nonfinancial corporations (EUR 98.3 billion).