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Published: 15 February 2017

The current account was in deficit in December

The current account was EUR 0.3 billion in deficit in December. In 2016, the current account was EUR 1.8 billion in deficit. The value of exports of goods and services decreased by three per cent from December 2015. Capital flowed from 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 0.3 billion in deficit in December. In 2016, the current account deficit was EUR 1.8 billion, while in 2015 it was EUR 0.9 billion.

Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.3 billion in deficit in December. The value of goods exports in balance of payment terms fell by four per cent year-on-year and totalled EUR 4.5 billion. In 2016, goods exports in balance of payment terms declined by four per cent from the previous year. The service account was EUR 0.1 billion in deficit in December.

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

In December, net capital outflow from Finland amounted to EUR 5.0 billion. Of the sub-items of the financial account, net capital outflow was mostly in the form of other investments, EUR 5.3 billion.

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 (15.2.2017)
• Appendix table 2. Current account, monthly 2016, EUR million (15.2.2017)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2016, EUR million (15.2.2017)
• Appendix table 4. Balance of payments 2016, EUR million (15.2.2017)

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Updated 15.2.2017