Published: 13 October 2021

Current account in surplus in August, net capital outflow from Finland to abroad

The current account was in surplus in August. The value of goods exports in balance of payments terms increased by 19 per cent year-on-year. Net capital outflow from Finland to abroad. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and goods and services account

Current account and goods and services account

Current account

The current account was EUR 0.4 billion in surplus in August. The 12-month moving total of the current account was EUR 4.5 billion in surplus.

Of the sub-items of the current account, the goods account in balance of payment terms was in balance. The value of goods exports in balance of payments terms increased by 19 per cent year-on-year and was EUR 5.5 billion at the same time as the value of goods imports in balance of payments terms increased by 22 per cent year-on-year to EUR 5.5 billion. The service account was in deficit.

The primary income account was EUR 0.8 billion in surplus. At the same time the secondary income account was EUR 0.2 billion in deficit.

Current account and goods and services account, 12 –month moving total

Current account and goods and services account, 12 –month moving total

Financial account

In August net capital outflow from Finland to abroad amounted to EUR 0.2 billion. Of the functional categories of the financial account, net capital outflow was highest in the form of reserve assets, EUR 2.7 billion. Net capital inflow to Finland was highest in the form of other investments.


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

Inquiries: Marianna Mukkulainen 029 551 3405, Risto Sippola 029 551 3383, balanceofpayments@stat.fi.

Head of Department in charge: Katri Kaaja

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Tables

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Appendix tables


Updated 13.10.2021

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. August 2021. Helsinki: Statistics Finland [referred: 25.10.2021].
Access method: http://www.stat.fi/til/mata/2021/08/mata_2021_08_2021-10-13_tie_001_en.html