Current account posts surplus in May

The current account was EUR 0.3 billion in surplus in May. The 12-month moving total of the current account was EUR 3.0 billion in surplus, according to the Statistics Finland.

The value of goods exports in balance of payments terms increased by 23 per cent year-on-year. Net capital inflow to Finland from abroad.

Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.4 billion in surplus.

The value of goods exports in balance of payments terms year-on-year and was EUR 5.4 billion at the same time as the value of goods imports in balance of payments terms increased by 18 per cent year-on-year to EUR 5.1 billion. The service account was in deficit.

The primary income account was EUR 0.2 billion in surplus. The secondary income account was EUR 0.3 billion in deficit.

In May net capital inflow to Finland from abroad amounted to EUR 4.8 billion. Of the functional categories of the financial account, net capital inflow was highest in the form of portfolio investments, EUR 8.4 billion.

Net capital outflow from Finland was highest in the form of other investments.