Current account in surplus in October

The current account showed a surplus of EUR 0.5 billion in October. The value of goods exports in balance of payments terms increased by 13 per cent from twelve months back. 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

In October, the current account was EUR 0.5 billion in surplus.

Of the sub-items of the current account, the trade account in balance of payments terms was EUR 0.3 billion in surplus. The value of goods exports in balance of payments terms grew by 13 per cent year-on-year and totalled EUR 5.3 billion. The value of imports of goods in balance of payments terms increased by nine per cent from twelve months back. The service account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.6 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 October, net capital inflow to Finland amounted to EUR 8.2 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, EUR 3.6 billion.

The monthly data for 2016 and 2017 will be revised on 21 December 2017 when quarterly data is published. The quarterly data includes for example more detailed data on services and primary income.

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

Inquiries: Saana Ranta-Ruona 029 551 3375, Johannes Nykänen 029 551 3641, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

Appendix table 1. Balance of payments, monthly, EUR million (15.12.2017)
Appendix table 2. Current account, monthly, EUR million (15.12.2017)

Updated 15.12.2017

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. October 2017. Helsinki: Statistics Finland [referred: 20.12.2024].
Access method: http://www.stat.fi/til/mata/2017/10/mata_2017_10_2017-12-15_tie_001_en.html