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Published: 15 May 2015

Current account in deficit in March 2015, net capital inflow to Finland

The current account showed a deficit of EUR 0.6 billion in March 2015 despite the trade account being in surplus. The financial account showed net capital inflow.

Finland’s current account and trade account

Finland’s current account and trade account

Current account

In balance of payment terms, the trade account posted a surplus of EUR 0.1 billion in March 2015. Exports of goods grew by 5.5 per cent and imports by 2.3 per cent year-on-year. Exports of goods amounted to EUR 4.8 billion and imports to EUR 4.7 billion in March. However, the current account showed a deficit of EUR 0.6 billion due to the other current account sub-items. With EUR 1.5 billion primary income flows to Finland and EUR 1.6 billion paid to non-residents, the primary income account showed a deficit of EUR 0.1 billion. The services account and the secondary income account were also in deficit.

Finland’s current account and trade account, 12 –month moving sum

Finland’s current account and trade account, 12 –month moving sum

Financial account and international investment position

In March 2015, the increase in liabilities exceeded the increase in assets resulting in net capital inflow EUR 0.9 billion. Of the sub-items of the financial account, direct investment was EUR 1.1 billion inward and portfolio investment was EUR 3.6 billion inward. Other investments were EUR 4.0 billion outward. Other investments comprise loans and deposits.

At the end of March 2015, the net international investment position amounted to EUR -2.9 billion. Foreign assets amounted to EUR 805.9 billion and liabilities to EUR 808.8 billion.

The data for April 2015 will be published on 15 June 2015.

Finland’s international investment position

Finland’s international investment position

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

Inquiries: Mira Malhotra 029 551 3411, Tapio Kuusisto 029 551 3318, balanceofpayments@stat.fi.

Director in charge: Mari Ylä-Jarkko

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Updated 15.05.2015

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. March 2015. Helsinki: Statistics Finland [referred: 22.2.2024].
Access method: http://www.stat.fi/til/mata/2015/03/mata_2015_03_2015-05-15_tie_001_en.html