The current account was in surplus in September 2023release | Balance of payments and international investment position 2023, September
According to Statistics Finland, the current account was in surplus in September 2023. The value of goods exports in balance of payments terms decreased by 16 % year-on-year. There was net capital outflow from Finland to abroad.
The current account was EUR 0.7 billion in surplus in September. The 12-month moving total of the current account was EUR 1.6 billion in deficit.
Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.7 billion in surplus. The value of goods exports in balance of payments terms decreased by 16 % year-on-year and was EUR 6.7 billion. The value of goods imports in balance of payments terms decreased by 19 % year-on-year to EUR 6.0 billion. The service account was in deficit by EUR 0.5 billion. The value of service exports decreased by 4 % year-on-year and was EUR 2.7 billion while the value of service imports declined by 3 % year-on-year to EUR 3.2 billion.
The primary income account was EUR 0.5 billion in surplus. The secondary income account was EUR 0.1 billion in deficit.
In September net capital outflow from Finland to abroad amounted to EUR 1.7 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of portfolio investments (EUR 6.8 billion).
Net capital inflow to Finland was highest in the form of other investments (EUR 4.6 billion).
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