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Published: 13 November 2015

Current account in surplus despite a fall in exports, net capital outflow from Finland

The current account remained in surplus in September 2015. Exports of goods trade fell clearly from the same period last year. 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 surplus of EUR 0.4 billion in September 2015, resulting from the goods account and the primary income account being in surplus. The 12-month moving total of the current account was EUR 0.6 billion in surplus.

The goods account in balance of payment terms was EUR 0.2 billion in surplus, while exports of goods amounted to EUR 4.7 billion and imports of goods to EUR 4.4 billion. Exports and imports of goods in balance of payments terms both fell from a year earlier, exports by 12 per cent and imports by nine per cent. The fall in exports of goods trade was strengthened by the high export figure in the reference period. The service account showed a deficit of EUR 0.1 billion.

The primary income was EUR 0.4 billion in surplus and the secondary income account was EUR 0.1 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 in September

Net capital outflow was EUR 8.6 billion. Of the sub-items of the financial account, capital outflow as other investments amounted to EUR 9.7 billion and as direct investments to EUR 4.7 billion. Net capital inflow in the form of portfolio investments totalled EUR 5.5 billion.

Finland's net international investment position was EUR 4.6 billion. Finland had EUR 731.6 billion in foreign assets and EUR 727.0 billion in foreign liabilities.

The data for October 2015 will be published on 15 December 2015.

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, Mira Malhotra 029 551 3411,

Director in charge: Ville Vertanen

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Appendix tables

Updated 13.11.2015

Referencing instructions:

Official Statistics of Finland (OSF): Balance of payments and international investment position [e-publication].
ISSN=2342-348X. September 2015. Helsinki: Statistics Finland [referred: 27.2.2024].
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