Current account in surplus in August, net capital outflow from Finland

The current account was EUR 0.2 billion in surplus in August. The value of goods exports in balance of payments terms grew by 14 per cent from twelve months back. There was net capital outflow. 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 was EUR 0.2 billion in surplus in August. The 12–month moving total of the current account was EUR 0.5 billion in deficit.

Of the sub-items of the current account, the trade account in balance of payments terms was EUR 0.2 billion in surplus. The value of exports of goods in balance of payments terms rose by 14 per cent year-on-year and totalled EUR 4.8 billion. The value of goods imports in balance of payments terms grew by six per cent from twelve months back. The service account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.3 billion in surplus. The primary income account includes investment income like interests and dividends. The secondary income account was EUR 0.2 billion in deficit.

Current account and trade account, 12 –month moving total

Financial account

In August, net capital outflow amounted to EUR 1.4 billion. Of the sub-items of the financial account, net capital outflow was mostly in the form of other investments, EUR 1.8 billion.

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

Inquiries: Saana Ranta-Ruona 029 551 3375, Johannes Nykänen 029 551 3641, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

Appendix table 1. Balance of payments, monthly, EUR million (13.10.2017)
Appendix table 2. Current account, monthly, EUR million (13.10.2017)

Updated 13.10.2017

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. August 2017. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/mata/2017/08/mata_2017_08_2017-10-13_tie_001_en.html