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Published: 15 July 2019

Current account in surplus in May, net capital outflow from Finland to abroad

The current account was in surplus in May. The value of goods exports in balance of payments terms grew by four per cent from one year ago. There was net capital outflow from Finland to abroad. 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 surplus of EUR 0.3 billion in May. The 12-month moving total of the current account was EUR 4.0 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 payment terms grew by four per cent year-on-year and totalled EUR 5.5 billion. The value of goods imports in balance of payments terms grew by three per cent from one year ago. The service account showed a deficit of EUR 0.3 billion.

The primary income account was EUR 0.5 billion in surplus. The primary income account includes investment income like interests and dividends. The secondary income account was EUR 0.1 billion in deficit.

Current account and goods and services account, 12 –month moving total

Financial account

In May, net capital outflow from Finland amounted to EUR 10.1 billion. Net capital outflow from Finland was mainly in the form of other investments, EUR 6.9 billion, and EUR 3.3 billion was in the form of portfolio investments. Of the sub-items of the financial account, net capital inflow was mostly in the form of direct investments, EUR 0.3 billion.

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

Inquiries: Risto Sippola 029 551 3383, 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 (15.7.2019)
• Appendix table 2. Current account, monthly, EUR million (15.7.2019)
• Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (15.7.2019)
• Appendix table 4. Balance of payments, EUR million (15.7.2019)

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Updated 15.7.2019