Finland’s balance of payments in February 2012

Current account

The current account posted a deficit of EUR 0.2 bn in February, compared to a surplus of EUR 0.2 bn in February 2011. According to the aggregate for the previous 12 months, the current account posted a deficit of EUR 1.9 bn.

• In BOP terms, there was a deficit in February of EUR 0.4 bn on the trade balance.
• There was a surplus posted on services to the amount of EUR 0.08 bn.
• The income account posted a surplus of EUR 0.2 bn.
• The current transfers account posted a deficit of EUR 0.15 bn.

Financial account

Investment was inward on net, in the amount of EUR 3.6 bn.

• There was a EUR 0.02 bn net outflow of capital in the form of direct investment.
• Portfolio investment was inward on net, in the amount of EUR 1.5 bn.
• Other investment (loans, deposits and trade credits) was inward on net, in the amount of EUR 1.9 bn.

Net international investment position at the end of February

The international investment position was a positive EUR 24 bn.

• Finnish residents’ foreign assets totalled EUR 693 bn.
• Finnish residents’ foreign liabilities totalled EUR 669 bn.

Net international investment position – excluding equity items – was a negative EUR 55 bn.