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Published: 15 August 2016

Current account in deficit in June, net international investment position positive

The current account was EUR 0.2 billion in deficit in June. Exports of goods grew from the corresponding period of 2015. The net international investment position remained positive. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and trade account

Current account

The current account showed a deficit of EUR 0.2 billion in June 2016. The 12-month moving sum of the current account was EUR 0.2 billion in surplus.

Of the sub-items of the current account, the trade account in balance of payment terms was EUR 0.5 billion in surplus. The value of goods exports in balance of payment terms was EUR 5.0 billion, or five per cent more than in last year's June. According to Finnish Customs' data, the growth was due to a one-off item. The services account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.4 billion in deficit. The primary income account includes investment income such as interests and dividends. The secondary income account was EUR 0.2 billion in deficit.

Current account and trade account, 12 –month moving sum

Financial account and international investment position

In June, net capital outflow amounted to EUR 3.6 billion. Of the sub-items of the financial account, net capital outflow was highest in the form of other investments, EUR 2.6 billion. Net capital inflow was highest in the form of portfolio investments, EUR 1.6 billion.

Finland's net international investment position was EUR 3.3 billion positive at the end of June, as foreign assets amounted to EUR 737.9 billion and foreign liabilities to EUR 734.6 billion.

The data for July will be published on 15 September 2016.

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. Balance of payments, monthly 2016, EUR million (15.8.2016)
• Appendix table 2. Current account, monthly 2016, EUR million (15.8.2016)
• Appendix table 3. External assets and liabilities, by investment type, monthly 2016, EUR million (15.8.2016)
• Appendix table 4. Balance of payments 2016, EUR million (15.8.2016)

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Updated 15.8.2016