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Published: 13 May 2016

The current account was slightly in deficit, net capital inflow to Finland

The current account was slightly in deficit in March 2016. Exports of goods fell clearly from the corresponding period of 2015. Capital flowed to Finland. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Finland’s current account and trade account

Current account

The current account showed a deficit of EUR 0.1 billion in March 2016. Of the sub-items of the current account, the goods account in balance of payment terms was in balance. The 12-month moving total of the current account was EUR 0.4 billion in surplus.

Exports of goods in balance of payment terms decreased to EUR 4.5 billion from EUR 5.0 billion in the year before. Exports of goods diminished by 10 per cent and imports of goods by eight per cent. The services account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.1 billion in surplus. The primary income account includes investment income like interest rates and dividends. The secondary income account was EUR 0.2 billion in deficit.

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

Financial account and international investment position

In March 2016, net capital inflow amounted EUR 2.8 billion. Of the sub-items of the financial account, capital inflow was highest as other investments, which amounted to EUR 8.7 billion. Most outward capital flow on net was portfolio investments, EUR 6.1 billion.

Finland's net international investment position was EUR -6.5 billion at the end of March as liabilities exceeded assets. Finland had EUR 749.7 billion in foreign assets and EUR 756.3 billion in foreign liabilities.

The data for April 2016 will be published on 15 June 2016.

Finland’s international investment position

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

Inquiries: Tapio Kuusisto 029 551 3318, Saana Ranta-Ruona 029 551 3375, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Finland's balance of payments, monthly 2016, EUR million (13.5.2016)
• Appendix table 2. Finland's current account, monthly 2016, EUR million (13.5.2016)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2016, EUR million (13.5.2016)
• Appendix table 4. Finland's balance of payments 2016, EUR million (13.5.2016)

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Updated 13.5.2016