Current account in deficit in October, net capital inflow to Finland from abroad

The current account was in deficit in October. The value of goods exports in balance of payments terms increased by 17 per cent year-on-year. 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 1.9 billion in deficit in October. The 12-month moving total of the current account was EUR 2.8 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 17 per cent year-on-year and was EUR 6.2 billion at the same time as the value of goods imports in balance of payments terms increased by 26 per cent year-on-year to EUR 6.1 billion. The service account was in deficit.

The primary income account was EUR 1.5 billion in deficit. At the same time 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 October net capital inflow to Finland from abroad amounted to EUR 5.2 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of other investments, EUR 8.1 billion. Net capital outflow from Finland was highest in the form of portfolio investments.

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

Inquiries: Marianna Mukkulainen 029 551 3405, Emmi Pättiniemi 029 551 3294, Risto Sippola 029 551 3383, 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 (13.12.2021)
Appendix table 2. Current account, monthly, EUR million (13.12.2021)
Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (13.12.2021)
Appendix table 4. Balance of payments, EUR million (13.12.2021)

Updated 13.12.2021

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. October 2021. Helsinki: Statistics Finland [referred: 16.11.2024].
Access method: http://www.stat.fi/til/mata/2021/10/mata_2021_10_2021-12-13_tie_001_en.html