The current account posted a slight deficit in October. In October 2011, the current account deficit was EUR 0.8 bn. The aggregate current account for the past 12 months posted a deficit of EUR 3.4 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.
There was a net capital outflow of EUR 0.3 bn.
Net international investment position at end-October
Foreign assets exceeded foreign liabilities by EUR 16 bn.
Net international investment position – excluding equity items – was a negative EUR 67 bn.
|12 month moving sum, EUR million|
|Errors and omissions||-7,416||-439||298||-14,078|
More information Anne Turkkila tel. +358 10 831 2175, and Maria Huhtaniska-Montiel tel. +358 10 831 2534, email firstname.lastname(at)bof.fi