Wednesday 5/12/21
BALANCE OF PAYMENTS

Finland's current account in surplus 400 million euros

The value of exports of goods in balance of payments terms increased by 7% from twelve months back.
Euro banknotes money. Photo: Pixabay
Photo: Pixabay

Finland's current account returned to surplus in February, according to Statistics Finland data on balance of payments and international investment position.

The value of exports of goods in balance of payments terms increased by 7% from twelve months back.

During this period there was net capital outflow from Finland to abroad.

The current account, which records the country's transactions with the rest of the world, was 400 million in surplus in February.

The 12-month moving total of the current account was 1,500 million in surplus.

Current-account-goods-and-services-by-SFSource: Statistics Finland.

Of the sub-items of the current account, the goods account in balance of payment terms was 200 million in surplus.

The value of goods exports in balance of payments terms increased by 7% year-on-year and was 5 billion euros at the same time as the value of goods imports in balance of payments terms decreased by 4% year-on-year to 4.8 billion.

The service account was in deficit.

The primary income account was 7 million in surplus. The primary income account includes investment income like interests and dividends. The secondary income account was 200 million in deficit

Financial account

In February net capital outflow from Finland to abroad amounted to 400 million euros.

Of the functional categories of the financial account, which measures international ownership of assets, net capital outflow was highest in the form of portfolio investments, 4,500 million.

Net capital inflow to Finland was highest in the form of other investments.

Comments