Balance of payments, January 2013

Current account

• The current account¹ posted a deficit of EUR 0.4 bn in January 2013 ie the deficit was EUR 0.1 bn higher than a year earlier. In BOP terms, there was a deficit in January of EUR 0.2 bn on the balance of trade. The aggregate current account for past 12 months posted a deficit of EUR 3.7 bn.

Financial account

Investment was inward on net, in the amount of EUR 1.9 bn.

• There was a EUR 0.3 bn net inflow of capital in the form of direct investment.
• Portfolio investment was inward on net, in the amount of EUR 7.1 bn.
• Net outflow of EUR 6.6 billion in other investment (loans, deposits and trade credits).

Net international investment position at the end of January

The international investment position was a positive EUR 21 bn.

• Finnish residents’ foreign assets totalled EUR 661 bn.
• Finnish residents’ foreign liabilities totalled EUR 640 bn.

Net international investment position – excluding equity items – was a negative EUR 68 bn.

¹ The BOP statistics, published today, regarding foreign trade in services differ from data in the national accounts published on 1 March 2013. This is due to the fact that the data on the foreign trade in services, detailed in the national accounts of 1 March 2013 contains a revised evaluation based on source statistics covering the first quarter of 2012, which is not included in the data in the present BOP statistics.