The current account was in surplus in June 2024

Release related to topics:National economy
release | Balance of payments and international investment position 2024, June

According to Statistics Finland, the current account was in surplus in June 2024. The value of goods exports in balance of payments terms grew by 3 % year-on-year. There was net capital outflow from Finland to abroad.

Key selections

  • The balance of goods and services showed a surplus of EUR 1.0 billion in june.
  • The value of goods exports in balance of payments terms grew by 3 % year-on-year.
  • The value of goods imports in balance of payments terms fell by 10 % year-on-year.
  • The goods account in balance of payment terms strengthened by EUR 0.8 billion from previous year and was EUR 1.6 billion in surplus.
  • There was net capital outflow from Finland to abroad.

Current account

The current account was EUR 1.5 billion in surplus in June 2024. The 12-month moving total of the current account was EUR 2.2 billion in deficit.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 1.6 billion in surplus. The value of goods exports in balance of payments terms grew by 3 % year-on-year and was EUR 7.2 billion. The value of goods imports in balance of payments terms fell by 10 % year-on-year to EUR 5.7 billion. The service account was EUR 0.6 billion in deficit. The value of service exports grew 10 % year-on-year and was EUR 2.9 billion while the value of service imports fell 4 % year-on-year to EUR 3.4 billion.

The primary income account was EUR 0.5 billion in surplus. The secondary income account was EUR 0.1 billion in deficit.

Financial account

In June net capital outflow from Finland to abroad amounted to EUR 0.6 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of other investments (EUR 2.5 billion).

Net capital inflow to Finland was highest in the form of portfolio investments (EUR 2.5 billion).

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Referencing instructions

Official Statistics of Finland (OSF): Balance of payments and international investment position [online publication].
Reference period: 2024, June. ISSN=2342-348X. Helsinki: Statistics Finland [Referenced: 16.10.2024].
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Juuso Hietanen
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029 551 3971

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