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Published: 15 April 2016

Current account slightly in surplus, net international investment position was negative

The current account was slightly in surplus in February 2016. Exports of goods decreased from the corresponding period in 2015 but imports declined even more than exports. The net international investment position was negative. 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 showed a surplus of EUR 0.1 billion in February 2016. Of the sub-items of the current account, the goods account in balance of payment terms and the primary income account were in surplus. The 12-month moving total of the current account was EUR 0.5 billion in surplus.

Exports of goods in balance of payment terms decreased to EUR 4.2 billion from EUR 4.3 billion in the year before. In percentages, exports of goods fell by three per cent and imports of goods by six per cent. In balance of payment terms, the trade account was EUR 0.2 billion in surplus.

The primary income account was EUR 0.3 billion in surplus. The primary income account includes investment income like interest rates and dividends. The secondary income account was EUR 0.2 billion in deficit.

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

Financial account and international investment position

In February 2016, direct investment was EUR 1.0 billion inward on net. Of the sub-items of the financial account, capital inflow as other investments amounted to EUR 4.5 billion. Net capital outflow was largest in the form of direct investments, EUR 3.5 billion.

Finland's net international investment position was EUR -5.8 billion at the end of February as liabilities exceeded assets. Finland had EUR 773.6 billion in foreign assets and EUR 779.5 billion in foreign liabilities.

The data for March 2016 will be published on 13 May 2016.

Finland’s international investment position

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

Inquiries: Tapio Kuusisto 029 551 3318, Saana Ranta-Ruona 029 551 3375, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Finland's balance of payments, monthly 2016, EUR million (15.4.2016)
• Appendix table 2. Finland's current account, monthly 2016, EUR million (15.4.2016)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2016, EUR million (15.4.2016)
• Appendix table 4. Finland's balance of payments 2016, EUR million (15.4.2016)

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Updated 15.4.2016