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

Published: 13 May 2020

Current account in deficit in March, financial account in balance

The current account was in deficit in March. The value of exports of goods in balance of payments terms decreased by 8 per cent from twelve months back. The financial account was in balance. 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 1.2 billion in deficit in March. The 12-month moving total of the current account was EUR 3.3 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.2 billion in surplus. The value of goods exports in balance of payments terms declined by 8 per cent year-on-year and totalled EUR 5.0 billion. The value of goods imports in balance of payments terms declined by 7 per cent year-on-year and totalled EUR 4.9 billion. The service account showed a deficit of EUR 0.4 billion. Service exports amounted to EUR 2.1 billion and service imports to EUR 2.5 billion. Service exports decreased by 9 per cent and service imports by 4 per cent from twelve months back.

The primary income account was EUR 0.7 billion in deficit. 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 March, the financial account was in balance. The 12-month moving total of the financial account was EUR 0.6 billion positive.

Of the sub-items of the financial account, net capital outflow was mostly in the form of other investments and direct investments. Net capital inflow was mainly in the form of financial derivatives, portfolio investments and reserve assets.


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 (272.7 kB)

Tables

Tables in databases

Appendix tables


Updated 13.5.2020

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. March 2020. Helsinki: Statistics Finland [referred: 25.6.2022].
Access method: http://www.stat.fi/til/mata/2020/03/mata_2020_03_2020-05-13_tie_001_en.html