The current account was in deficit in February 2024
release | Balance of payments and international investment position 2024, FebruaryAccording to Statistics Finland, the current account was in deficit in February 2024. The value of goods exports in balance of payments terms grew by 5 % year-on-year. There was net capital outflow from Finland to abroad.
Key selections
- The current account was in deficit in February 2024.
- The value of goods exports in balance of payments terms grew by 5 % year-on-year.
- The value of goods imports in balance of payments terms grew by 6 % year-on-year.
- The goods account in balance of payment terms was EUR 0.1 billion in surplus.
- There was net capital outflow from Finland to abroad.
Current account
The current account was EUR 0.6 billion in deficit in February 2024. The 12-month moving total of the current account was EUR 4.2 billion in deficit.
Of the sub-items of the current account, the goods account in balance of payment terms was EUR 0.1 billion in surplus. The value of goods exports in balance of payments terms grew by 5 % year-on-year and was EUR 6.0 billion. The value of goods imports in balance of payments terms grew by 6 % year-on-year to EUR 5.9 billion. The service account was EUR 1.0 billion in deficit.
The primary income account was EUR 0.4 billion in surplus. The secondary income account was EUR 0.2 billion in deficit.
Financial account
In February 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 portfolio investments (EUR 6.7 billion).
Net capital inflow to Finland was highest in the form of other investments (EUR 6.5 billion).
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