BANK OF FINLAND
Monthly news
14 Jan 2011

Balance of payments in November 2010

Current account

  • Current account EUR 0.5 bn in surplus, ie largely the same as a year earlier.
  • In BOP terms, trade account EUR 80 million in surplus (EUR 125 million a year earlier).

 

Trade and current account

Financial account

  • Net capital inflow of EUR 0.4 bn.
  • Net inflow of EUR 20 million in direct investment.
  • Net outflow of EUR 4.6 bn in portfolio investment.
  • Net inflow of EUR 4.4 bn in other investment (loans, deposits and trade credits).

 

Portfolio investments

Net international investment position at end-November

  • Finnish resident’s foreign assets exceeded foreign liabilities by EUR 9 bn.
  • Foreign assets totalled EUR 554 bn.
  • Foreign liabilities totalled EUR 545 bn.
  • Net international investment position excluding equity items was a negative EUR 51 bn.

Net international investment position

 

 

Finland's balance of payments
Year 2009,
EUR million
October 2010,
EUR million
November 2010,
EUR million
12 month moving sum, EUR million
Current account 4 696 2 012 510 4 936
   Goods 3 395 1 541 80 3 287
   Services 1 329 279 252 1 628
   Income 1 661 324 310 1 722
   Transfers -1 689 -131 -131 -1 700
Capital account 145 12 12 145
Financial account 11 011 -378 399 -2 045
   Direct investment -2 762 -502 21 -3 339
   Portfolio investment -513 2 758 -4 563 -7 399
   Other investment 12 669 -2 439 4 408 7 801
   Reserve assets -614 -75 507 1 301
   Financial derivatives 2 231 -120 25 -409
Errors and omissions -15 852 -1 647 -921 -3 036
The statistics become final more than two years after the end of the reference year.


More information
Jaakko Suni tel. +358 10 831 2454, email firstname.lastname(at)bof.fi


The next balance of payments bulletin will be published at 10.00 am on 15 February 2011.

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