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Home BUSINESSCurrent account slightly in surplus
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Sun, 17 Jul, 2016 12:07:52 AM
FTimes Report, Jul 17
 
Finland’s current account and trade account. Source: Balance of payments and international investment position, Statistics Finland.
The current account was slightly in surplus in May 2016, according to Statistics Finland’s data.
 
Exports of goods fell from the corresponding period of 2015 while the net international investment position remained positive.
 
The current account showed a surplus of EUR 0.1 billion in May.
 
The 12-month moving sum of the current account was EUR 1.2 billion in surplus as per the data derived from 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 was EUR 0.1 billion in surplus.
 
Finland’s current account and trade account, 12 –month moving sum. Source: Balance of payments and international investment position, Statistics Finland.
The value of goods export in balance of payment terms was EUR 4.4 billion, that is six per cent lower than in May 2015.
 
The services account showed a deficit of EUR 0.1 billion.
 
The primary income account that includes investment income like interests and dividends was EUR 0.3 billion in surplus.  
 
The secondary income account was EUR 0.2 billion in deficit.
 
Finland’s international investment position. Source: Balance of payments and international investment position, Statistics Finland.
In May, the financial account was in balance. Of the sub-items of the financial account, inward capital flow on net was highest in the form of other investments, EUR 2.4 billion.
 
Outward capital flow on net from Finland was highest in the form of direct investment, EUR 2.4 billion.
 
Finland's net international investment position stood at EUR 3.3 billion at the end of May, as foreign assets amounted to EUR 766.8 billion and foreign liabilities to EUR 763.5 billion.
 
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