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Published: 15 April 2015

Current account in deficit in February, net capital inflow to Finland

The current account showed a deficit of EUR 0.5 billion in February. In balance of payment terms, the trade account was in balance. Goods exports and imports decreased slightly from February 2014.

Finland’s current account and trade account

Current account

The current account in February was in deficit due to the negative service account and the secondary income account, while goods account was in balance. The combined exports of goods and services was two per cent lower than in February 2014. In January 2015 the total exports was as much as eight per cent lower than in January of the year before. Imports also recovered from the clear dip in January, but were lower than a year earlier. The 12-month moving total of the current account was EUR 3.8 billion in deficit.

Finland’s current account and trade account, 12 –month moving sum

Financial account and international investment position

In February 2015 net capital inflow amounted to EUR 1.6 billion, of which direct investment was EUR 4.0 billion and other investments EUR 0.8 billion. Other investment comprise, e.g. loans and deposits. Portfolio investment was EUR 4.4 outward on net.

At the end of February 2015, the net international investment position amounted to EUR -1.1 billion. Foreign assets amounted to EUR 769.4 billion and liabilities to EUR 770.5 billion.

The data for March 2015 will be published on 15 May 2015.

Finland’s international investment position

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

Inquiries: Mira Malhotra 029 551 3411, Tapio Kuusisto 029 551 3318, balanceofpayments@stat.fi.

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Finland's balance of payments, monthly 2015, EUR million (15.4.2015)
• Appendix table 2. Finland's current account, monthly 2015, EUR million (15.4.2015)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2015, EUR million (15.4.2015)
• Appendix table 4. Finland's balance of payments 2015, EUR million (15.4.2015)

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Updated 15.04.2015