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Published: 15 January 2018

Current account slightly in surplus in November, the value of goods exports grew

The current account showed a surplus of EUR 0.1 billion in November. Goods exports in balance of payments terms grew by 12 per cent and the value of imports by 8 per cent from one year back. There was net capital inflow to Finland. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and trade account

Current account

In November, the current account was EUR 0.1 billion in surplus. The 12-month moving total of the current account was EUR 1.4 billion in surplus.

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 goods exports in balance of payments terms grew by 12 per cent year-on-year and totalled EUR 5.2 billion. The value of goods imports in balance of payments terms grew by 8 per cent from twelve months back. The service account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.2 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 November, net capital inflow to Finland amounted to EUR 1.1 billion. Of the sub-items of the financial account, inward capital flow on net was mostly in the form of other investments, EUR 2.4 billion. Outward capital flow on net from Finland was mainly in the form of portfolio investments, EUR 2.6 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 (15.1.2018)
• Appendix table 2. Current account, monthly, EUR million (15.1.2018)
• Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (15.1.2018)
• Appendix table 4. Balance of payments, EUR million (15.1.2018)

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Updated 15.1.2018