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Home BUSINESSCurrent account shows euro 0.6 billion deficit in March
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Sun, 17 May, 2015 12:08:48 AM
FTimes Report, May 17
 
Finland’s current account and trade account. Source: Balance of payments and international investment position, Statistics Finland.
The current account showed a deficit of euro 0.6 billion in March 2015 despite the trade account being in surplus, according to Statistics Finland.
 
The financial account showed net capital inflow.
 
In balance of payment terms, the trade account posted a surplus of euro 0.1 billion in March 2015. Exports of goods grew by 5.5 per cent and imports by 2.3 per cent year-on-year.
 
Exports of goods amounted to euro 4.8 billion and imports to euro 4.7 billion in March.
 
However, the current account showed a deficit of euro 0.6 billion due to the other current account sub-items as per the data.
 
Finland’s current account and trade account, 12 –month moving sum. Source: Balance of payments and international investment position, Statistics Finland.
With euro 1.5 billion primary income flows to Finland and euro 1.6 billion paid to non-residents, the primary income account showed a deficit of euro 0.1 billion.
 
The services account and the secondary income account were also in deficit.
 
In March 2015, the increase in liabilities exceeded the increase in assets resulting in net capital inflow of euro 0.9 billion.
 
Finland’s international investment position. Source: Balance of payments and international investment position, Statistics Finland.
Of the sub-items of the financial account, direct investment was euro 1.1 billion inward and portfolio investment was euro 3.6 billion inward.
 
Other investments comprising loans and deposits were euro 4.0 billion outward.
 
At the end of March 2015, the net international investment position amounted to euro -2.9 billion. Foreign assets amounted to euro 805.9 billion and liabilities to euro 808.8 billion, the statistics show.
 
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