Finland's current account, which records the country's transactions with the rest of the world, including the goods and services trade, was 0.5 billion (500 million) euros in surplus in October.
With October, the current account reports three consecutive months of surplus. However, the 12-month moving total of the current account was still 0.4 billion euros in deficit.
Of the sub-items of the current account, the goods account in balance of payment terms was 400 million euros in surplus. The value of goods exports in balance of payments terms declined by 10% year-on-year and totaled 5.2 billion.
The value of goods imports in balance of payments terms declined by 12% year-on-year and totaled 4.8 billion euros. The service account was 0.3 billion euros in deficit.
The primary income account was 0.6 billion euros in surplus. The primary income account includes investment income like interests and dividends. The secondary income account was 0.2 billion euros in deficit.
Source: Statistics Finland.
Financial account
In October, net capital inflow to Finland amounted to 5.5 billion euros.
Of the sub-items of the financial account, (which measures international ownership of assets), net capital inflow was mostly in the form of other investments, amounting to 3.9 billion euros whereas net capital outflow was mainly in the form of direct investments, amounting to 0.3 billion.
