Balance of payments, May 2013

Current account

• In May 2013, the current account posted a surplus of EUR 0.2 bn, compared with a deficit of EUR 0.6 bn in May 2012. In balance of payment terms¹, the trade account posted a surplus of EUR 0.2 bn. The aggregate current account deficit for the past 12 months was EUR 1.9 bn.

Financial account

There was net capital outflow of EUR 0.8 bn.

• Direct investment was EUR 1.1 bn outward on net.
• Portfolio investment was EUR 3.5 bn inward on net.
• Other investment (loans, deposits and trade credits) was EUR 3.5 bn outward on net.

Net international investment position at end-May

Foreign assets exceeded foreign liabilities by EUR 21 bn.

• Finnish residents’ foreign assets totalled EUR 639 bn.
• Finnish residents’ foreign liabilities totalled EUR 618 bn.

Net international investment position – excluding equity items – was a negative EUR 79 bn.

¹ The data under ‘Goods’ in the balance of payments statistics differ from the National Board of Customs’ foreign trade statistics. Freight and insurance costs, which appear in balance of payments statistics as services expenditure, are deducted from the National Board of Customs’ cif-based goods imports. Goods produced in ports, including eg fuel, are added to both imports and exports.