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Published: 15 January 2016

Current account in balance, net inflow in financial account in November 2015

The current account was in balance in November 2015. The net international investment position decreased as liabilities grew more than assets. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Finland’s current account and trade account

Current account

The current account was in balance in November as services and the secondary income account were in deficit, and the primary income account was in surplus. The 12-month moving total of the current account was EUR 0.6 billion in surplus.

The trade in goods in balance of payment terms was in balance as exports of goods amounted to EUR 4.3 billion and imports to EUR 4.4 billion in November. The exports of goods declined by 5.2 per cent from one year ago when exports amounted to EUR 4.6 billion.

The primary income account was EUR 0.4 billion in surplus and the secondary income account EUR 0.2 billion in deficit.

Finland’s current account and trade account, 12 –month moving sum

Financial account and international investment position in November

In November 2015, foreign financial assets grew by EUR 5.5 billion and liabilities by EUR 13.2 billion, resulting in net capital inflow of EUR 7.7 billion. Financial account showed net inflow in all sub-items except in financial derivatives. Net inflow was largest in portfolio investments, EUR 3.9 billion.

Finland's net international investment position decreased in November as the increase in liabilities exceeded that of assets. At the end of November, Finland had EUR 760.9 billion in foreign assets and EUR 768.1 billion in foreign liabilities, thus the net international investment position amounted to EUR -7.2 billion.

The data for December 2015 will be published on 15 February 2016.

Finland’s net international investment position

Source: Balance of payments and international investment position, Statistics Finland

Inquiries: Mira Malhotra 029 551 3318, Katri Kaaja 029 551 3411, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Finland's balance of payments, monthly 2015, EUR million (15.1.2016)
• Appendix table 2. Finland's current account, monthly 2015, EUR million (15.1.2016)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2015, EUR million (15.1.2016)
• Appendix table 4. Finland's balance of payments 2015, EUR million (15.1.2016)

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Updated 15.01.2016