Home > Statistics > Balance of payments and international investment position > 2016 > August > Current account in deficit in August, net capital inflow to Finland

Published: 14 October 2016

Current account in deficit in August, net capital inflow to Finland

The current account was EUR 0.2 billion in deficit in August. The combined exports of goods and services decreased by two per cent year-on-year in August. In January to August, the combined exports of goods and services decreased by four per cent year-on-year. Capital flowed to Finland on net. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and trade account

Current account

The current account was EUR 0.2 billion in deficit in August. The 12-month moving total of the current account was EUR 1.9 billion in deficit.

Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.3 billion in deficit. The value of goods exports in balance of payment terms was EUR 4.0 billion or two per cent lower than in August 2015. The service 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 0.1 billion in deficit.

Current account and trade account, 12 –month moving total

Financial account and international investment position

In August, net capital inflow to Finland amounted to EUR 2.3 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, EUR 5.1 billion. Net capital outflow from Finland was mainly in the form of portfolio investments, EUR 3.2 billion.

Finland's net international investment position stood at EUR 8.4 billion at the end of August, as foreign assets amounted to EUR 748.5 billion and foreign liabilities to EUR 740.0 billion.

The data for September will be published on 15 November 2016.

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. Balance of payments, monthly 2016, EUR million (14.10.2016)
• Appendix table 2. Current account, monthly 2016, EUR million (14.10.2016)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2016, EUR million (14.10.2016)
• Appendix table 4. Balance of payments 2016, EUR million (14.10.2016)

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Updated 14.10.2016