Balance of payments, August 2011

Balance of payments - Older news Statistics Friday 14 October 2011, 10:00 AM

Current account

Current account was EUR 0.2 bn in surplus in August 2011, ie slightly less than a year earlier.

  • In BOP terms, trade account was almost in balance, ie below EUR 0.1 bn, as a year earlier.

 

Trade and current account

Financial account

Net capital outflow of EUR 1.9 bn.

  • Net outflow of EUR 0.4 bn in direct investment.
  • Net inflow of EUR 5.1 bn in portfolio investment.
  • Net outflow of EUR 6.9 bn in other investment (loans, deposits, trade credits).

 

Portfolio investments

Net international investment position at end-August

Finnish residents’ foreign assets exceeded foreign liabilities by EUR 27 bn.

  • Foreign assets totalled EUR 614 bn.
  • Foreign liabilities totalled EUR 587 bn.Net international investment position excluding equity items was a negative EUR 45 bn.

Net international investment position

 

 

Finland's balance of payments
Year 2010,
EUR million		 July 2011,
EUR million		 August 2011,
EUR million		 12 month moving sum, EUR million
Current account 3,301 210 174 1,965
    Goods 2,999 80 50 2,159
    Services 138 -10 -27 -270
    Income 1,831 290 300 1,388
    Current transfers -1,667 -150 -150 -1,313
Capital account 160 13 13 160
Financial account -1,440 -945 -1,935 372
    Direct investment -2,711 -1,261 -411 -5,526
    Portfolio investment -6,304 345 5,091 2,164
    Other investment 6,276 -139 -6,860 2,633
    Reserve assets 1,661 17 83 1
    Financial derivatives -362 93 162 1,100
Errors and omissions -2,021 722 1,748 -2,497
The statistics become final more than two years after the end of the reference year.


More information
Maria Huhtaniska-Montiel tel. +358 10 831 2454, email firstname.lastname(at)bof.fi
Anne Turkkila tel. +358 10 831 2175, email firstname.lastname(at)bof.fi

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

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