Published: 15 July 2016
Current account slightly in surplus
The current account was slightly in surplus in May 2016. Exports of goods fell from the corresponding period of 2015. The net international investment position remained positive. These data derive 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 May. The 12-month moving sum of the current account was EUR 1.2 billion in surplus.
Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.1 billion in surplus. The value of goods export in balance of payment terms was EUR 4.4 billion, that is six per cent lower than in May 2015. The services account showed a deficit of EUR 0.1 billion.
The primary income account was EUR 0.3 billion in surplus. The primary income account includes investment income like interests 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 May, the financial account was in balance. Of the sub-items of the financial account, inward capital flow on net was highest in the form of other investments, EUR 2.4 billion. Outward capital flow on net from Finland was highest in the form of direct investment, EUR 2.4 billion.
Finland's net international investment position stood at EUR 3.3 billion at the end of May, as foreign assets amounted to EUR 766.8 billion and foreign liabilities to EUR 763.5 billion.
The data for June 2016 will be published on 15 August 2016.
Finland’s international investment position
Source: Balance of payments and international investment position, Statistics Finland
Inquiries: Anssi Heinonen 029 551 3373, 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 (15.7.2016)
- Appendix table 2. Finland's current account, monthly 2016, EUR million (15.7.2016)
- Appendix table 3. External assets and liabilities, by investment type, monthly 2016, EUR million (15.7.2016)
- Appendix table 4. Finland's balance of payments 2016, EUR million (15.7.2016)
Updated 15.7.2016
Official Statistics of Finland (OSF):
Balance of payments and international investment position [e-publication].
ISSN=2342-348X. May 2016. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/mata/2016/05/mata_2016_05_2016-07-15_tie_001_en.html