The current account was in deficit in April 2022
release | Balance of payments and international investment position 2022, AprilThe current account was in deficit in April 2022. The value of goods exports in balance of payments terms increased by 27 per cent year-on-year. There was net capital inflow to Finland from abroad. The data appear from Statistics Finland's statistics on balance of payments and international investment position.
Key selections
- The current account was in deficit in April.
- The value of goods exports in balance of payments terms increased by 27 per cent year-on-year.
- Net capital inflow to Finland from abroad.
Current account
The current account was EUR 2.3 billion in deficit in April. The 12-month moving total of the current account was EUR 1.0 billion in deficit.
Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.2 billion in deficit. The value of goods exports in balance of payments terms increased by 27 per cent year-on-year and was EUR 6.9 billion at the same time as the value of goods imports in balance of payments terms increased by 34 per cent year-on-year to EUR 7.1 billion. The service account was in deficit.
The primary income account was EUR 1.5 billion in deficit. The secondary income account was EUR 0.2 billion in deficit.
Financial account
In April net capital inflow to Finland from abroad amounted to EUR 4.0 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of other investments, EUR 6.6 billion. Net capital outflow from Finland was highest in the form of portfolio investments.
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