Friday. 24.05.2024

Finland's current account surplus increased to 2.04 billion euros in December from 0.44 billion euros in November, according to Statistics Finland's data. 

The 12-month moving total of the current account was 1.9 billion euros in surplus.

Of the sub-items of the current account, the goods account in balance of payment terms was 1.4 billion euros in surplus. The value of goods exports in balance of payments terms increased by 1% year-on-year and totaled 6.2 billion euros. The value of goods imports in balance of payments terms declined by 7% year-on-year and totaled 4.8 billion.

Service exports amounted to 2.5 billion euros and service imports to 2.3 billion. The service account was therefore in surplus.

Financial account

The primary income account was 0.7 billion euros in surplus. The primary income account includes investment income like interests and dividends. The secondary income account was 0.2 billion in deficit.

In December, net capital inflow to Finland amounted to 0.6 billion euros. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, amounting to 2.3 billion euros whereas net capital outflow was mainly in the form of portfolio investments, amounting to 1.5 billion.

Finland's current account in surplus