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Published: 15 February 2016

Current account in deficit, net capital outflow from Finland

The current account was in deficit in December 2015. Exports of goods decreased in December from one year ago, while imports of goods increased slightly. The financial account showed net capital outflow. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Finland’s current account and trade account

Finland’s current account and trade account

Current account

The current account showed a deficit of EUR 0.2 billion in December 2015. The goods account in balance of payment terms, as well as the service account and the primary income account were in deficit. The 12-month moving total of the current account was EUR 0.2 billion in surplus.

Exports of goods in balance of payment terms decreased in December to EUR 4.5 billion from EUR 4.7 billion in the year before. The decline amounted to 4.9 per cent year-on-year. Imports of goods in balance of payment terms increased by 1.6 per cent, as the goods account was EUR 0.1 billion in deficit.

The primary income account was EUR 0.3 billion in surplus and the secondary income account EUR 0.2 billion 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

Net capital outflow was EUR 3.6 billion. Of the sub-items of the financial account, net capital outflow as other investments amounted to EUR 8.5 billion. Net capital inflow in the form of portfolio investments totalled EUR 4.4 billion.

Finland's net international investment position was EUR -2.5 billion at the end of December. Finland had EUR 696 billion in foreign assets and EUR 698 billion in foreign liabilities.

The data for January 2016 will be published on 15 March 2016.

Finland’s international investment position

Finland’s international investment position

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

Inquiries: Tapio Kuusisto 029 551 3318, Saana Ranta-Ruona 029 551 3375, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Updated 15.02.2016

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. December 2015. Helsinki: Statistics Finland [referred: 25.2.2024].
Access method: http://www.stat.fi/til/mata/2015/12/mata_2015_12_2016-02-15_tie_001_en.html