HELSINKI: The current account showed a surplus of EUR 0.1 billion in February 2016, according to Statistics Finland. Exports of goods decreased from the corresponding period in 2015 but imports declined even more than exports.
The net international investment position was, however, negative as per the statistics on balance of payments and international investment position. Of the sub-items of the current account, the goods account in balance of payment terms and the primary income account were in surplus. The 12-month moving total of the current account was EUR 0.5 billion in surplus, the data show.
Finland’s current account and trade account, 12 –month moving sum. Source: Balance of payments and international investment position, Statistics Finland. Exports of goods in balance of payment terms decreased to EUR 4.2 billion from EUR 4.3 billion in the year before. In percentages, exports of goods fell by three per cent and imports of goods by six per cent. In balance of payment terms, the trade account was EUR 0.2 billion in surplus.
The primary income account that includes investment income like interest rates and dividends was EUR 0.3 billion in surplus. The secondary income account was EUR 0.2 billion in deficit. The direct investment was EUR 1.0 billion inward on net. Of the sub-items of the financial account, capital inflow as other investments amounted to EUR 4.5 billion. Net capital outflow was largest in the form of direct investments, EUR 3.5 billion.
Finland’s net international investment position was EUR -5.8 billion at the end of February as liabilities exceeded assets. It had EUR 773.6 billion in foreign assets and EUR 779.5 billion in foreign liabilities.
