Finland's current account in deficit 600 million euros

Finland's current account continued in deficit in April, according to Statistics Finland data on balance of payments and international investment position.

The value of goods exports in balance of payments terms increased by 12% year-on-year.

During this period, there was net capital outflow from Finland to abroad.

The current account, which records the country's transactions with the rest of the world, was 600 million euros in deficit in April.

The 12-month moving total of the current account was 1.6 billion euros in surplus.

Goods account

Of the sub-items of the current account, the goods account in balance of payment terms was 100 million in surplus.

The value of goods exports in balance of payments terms increased by 12% year-on-year and was 5.3 billion euros at the same time as the value of goods imports in balance of payments terms increased by 24% year-on-year to 5.2 billion euros.

The service account was in deficit.

The primary income account, which includes investment income like interests and dividends was 400 million in deficit. The secondary income account was 300 million in deficit.

Financial account

In April net capital outflow from Finland to abroad amounted to 2.7 billion euros.

Of the functional categories of the financial account, net capital outflow was highest in the form of portfolio investments, 3.6 billion euros.

Net capital inflow to Finland was highest in the form of other investments.