Tuesday October 26, 2021
Current account posts surplus in Aug
Published : 13 Oct 2021, 21:22
The current account was EUR 0.4 billion in surplus in August, according to Statistics Finland.
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.
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.