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Latest publication: Balance of payments and international investment position 2022, January

Published: 13 March 2020

Current account in deficit in January, net capital inflow

The current account was in deficit in January. The value of exports of goods in balance of payments terms decreased by 17 per cent from twelve months back. Net capital inflow to Finland from abroad. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and goods and services account

Current account and goods and services account

Current account

The current account was EUR 0.2 billion in deficit in January. The 12-month moving total of the current account was EUR 0.5 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was balanced. The value of goods exports in balance of payments terms declined by 17 per cent year-on-year and totalled EUR 4.8 billion. The value of goods imports in balance of payments terms declined by 5 per cent year-on-year and totalled EUR 4.9 billion. The service account showed a deficit of EUR 0.4 billion.

The primary income account was EUR 0.5 billion in surplus. The primary income account includes investment income like interests and dividends. The secondary income account was EUR 0.3 billion in deficit.

Current account and goods and services account, 12 –month moving total

Current account and goods and services account, 12 –month moving total

Financial account

In January, net capital outflow from Finland amounted to EUR 0.8 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of portfolio investments, EUR 0.9 billion. Net capital outflow from Finland was mainly in the form of direct investments and other investments.


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

Inquiries: Hanna Björklund 029 551 3296, Mira Malhotra 029 551 3262, balanceofpayments@stat.fi.

Director in charge: Jan Nokkala

Publication in pdf-format (270.7 kB)

Tables

Tables in databases

Appendix tables


Updated 13.3.2020

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. January 2020. Helsinki: Statistics Finland [referred: 7.7.2022].
Access method: http://www.stat.fi/til/mata/2020/01/mata_2020_01_2020-03-13_tie_001_en.html