Current account in surplus in July

The current account was EUR 0.2 billion in surplus in July. The value of exports of goods in balance of payments terms increased by 17 per cent and the value of imports of goods by 18 per cent year-on-year. There was net capital inflow to Finland. 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 surplus in July.

Of the sub-items of the current account, the trade account in balance of payments terms was in balance. The value of exports of goods in balance of payments terms rose by 17 per cent year-on-year and totalled EUR 4.8 billion. The value of imports of goods in balance of payments terms increased by 18 per cent from twelve months back. The service account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.4 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.

Current account and trade account, 12 –month moving total

Financial account

In July, net capital inflow to Finland amounted to EUR 3.0 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of direct investments, EUR 2.9 billion. Net capital outflow was mainly in the form of portfolio investments, EUR 2.1 billion.

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

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

Director in charge: Ville Vertanen

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Appendix tables

Appendix table 1. Balance of payments, monthly, EUR million (15.9.2017)
Appendix table 2. Current account, monthly, EUR million (15.9.2017)
Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (15.9.2017)

Updated 15.9.2017

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. July 2017. Helsinki: Statistics Finland [referred: 19.11.2024].
Access method: http://www.stat.fi/til/mata/2017/07/mata_2017_07_2017-09-15_tie_001_en.html