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Published: 11 June 2021

Current account in deficit in April, net capital outflow from Finland to abroad

The current account was in deficit in April. The value of goods exports in balance of payments terms increased by 12 per cent year-on-year. Net capital outflow from Finland to 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 0.6 billion in deficit in April. The 12-month moving total of the current account was EUR 1.6 billion in surplus.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.1 billion in surplus. The value of goods exports in balance of payments terms increased by 12 per cent year-on-year and was EUR 5.3 billion at the same time as the value of goods imports in balance of payments terms increased by 24 per cent year-on-year to EUR 5.2 billion. The service account was in deficit.

The primary income account was EUR 0.4 billion in deficit. The secondary income account was EUR 0.3 billion in deficit.

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

Financial account

In April net capital outflow from Finland to abroad amounted to EUR 2.7 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of portfolio investments, EUR 3.6 billion. Net capital inflow to Finland was highest in the form of other investments.

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

Inquiries: Mikko Pitkänen 029 551 3469, Hanna Björklund 029 551 3296, balanceofpayments@stat.fi.

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. Balance of payments, monthly, EUR million (11.6.2021)
• Appendix table 2. Current account, monthly, EUR million (11.6.2021)
• Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (11.6.2021)
• Appendix table 4. Balance of payments, EUR million (11.6.2021)

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Updated 11.06.2021