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Published: 14 April 2020

Current account in deficit in February, net capital inflow

The current account was in deficit in February. The value of exports of goods in balance of payments terms decreased by 14 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

The current account was EUR 0.4 billion in deficit in February. The 12-month moving total of the current account was EUR 2.9 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.6 billion in deficit. The value of goods exports in balance of payments terms declined by 14 per cent year-on-year and totalled EUR 4.4 billion. The value of goods imports in balance of payments terms remained on level with the corresponding month in 2019. The service account showed a deficit of EUR 0.2 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 goods and services account, 12 –month moving total

Financial account

In February, net capital inflow to Finland amounted to EUR 2.7 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, EUR 4.8 billion. Net capital outflow from Finland was mainly in the form of portfolio 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

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Appendix tables

• Appendix table 1. Balance of payments, monthly, EUR million (14.4.2020)
• Appendix table 2. Current account, monthly, EUR million (14.4.2020)
• Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (14.4.2020)
• Appendix table 4. Balance of payments, EUR million (14.4.2020)

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Updated 14.4.2020