Wednesday. 17.04.2024

Finland's current account was in deficit in April. The value of exports of goods in balance of payments terms decreased by 12% from twelve months back. Net capital inflow to Finland from abroad, according to Statistics Finland's statistics on balance of payments and international investment position.Current-account-deficitSource: Statistics Finland.

Current account

The current account, which records the country's transactions with the rest of the world, including the goods and services trade, was 0.3 billion euros in deficit in April. The 12-month moving total of the current account was 1 billion in surplus.

Of the sub-items of the current account, the goods account in balance of payment terms was 0.3 billion euros in surplus. The value of goods exports in balance of payments terms declined by 12% year-on-year and totalled 4.5 billion euros.

The value of goods imports in balance of payments terms declined by 24% year-on-year and totalled 4.2 billion euros. The service account was in balance. Service exports amounted to 2.1 billion euros and service imports to 2.1 billion euros.

The primary income account was 0.7 billion euros in deficit. The primary income account includes investment income like interests and dividends. The secondary income account was 0.3 billion euros in deficit.

Financial account

In April, net capital inflow to Finland amounted to 3.3 billion euros.

Of the sub-items of the financial account (which measures international ownership of assets), net capital inflow was mostly in the form of other investments, amounting to 4.3 billion euros.

Net capital outflow was mainly in the form of portfolio investments, amounting to 2.1 billion euros.

The net investment income was 0.4 billion euros in deficit. The deficit of investment income decreased from twelve months back due to a decrease in the net capital outflow of portfolio investments.

Current account in deficit of 0.3 billion