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Published: 15 May 2019

Current account in deficit in March, net capital outflow from Finland

Current account was in deficit in March. The value of exports of goods in balance of payments terms decreased by one per cent from twelve months back. There was net capital outflow from Finland. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and goods and services account

Current account

The current account showed a deficit of EUR 0.5 billion in March. The 12-month moving total of the current account was EUR 3.9 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 goods exports in balance of payments terms fell by one per cent year-on-year and totalled EUR 5.4 billion. The value of goods imports in balance of payments terms decreased by three per cent from twelve months back. The service account showed a deficit of EUR 0.2 billion.

The primary income account was EUR 0.3 billion in deficit. 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 goods and services account, 12 –month moving total

Financial account

In march net capital outflow from Finland amounted to EUR 4.7 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of portfolio investment, EUR 4.4 billion. Net capital outflow from Finland was mainly in the form of other investments, EUR 1.4 billion.

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

Inquiries: Hanna Björklund 029 551 3296, Mira Malhotra 029 551 3262, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Balance of payments, monthly, EUR million (15.5.2019)
• Appendix table 2. Current account, monthly, EUR million (15.5.2019)
• Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (15.5.2019)
• Appendix table 4. Balance of payments, EUR million (15.5.2019)

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Updated 15.5.2019