Balance of payments, April 2013

Current account

• In April 2013, the current account posted a deficit of EUR 1.4 bn, which is about EUR 0.4 bn more than in the previous year.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 2.9 bn.

Financial account

There was net capital inflow of EUR 1.2 bn.

• Direct investment was EUR 0.5 bn outward on net.
• Portfolio investment was EUR 0.5 bn outward on net.
• Other investment (loans, deposits and trade credits) was EUR 1.7 bn inward on net.

Net international investment position at end-April

Foreign assets exceeded foreign liabilities by EUR 20 bn.

• Finnish residents’ foreign assets totalled EUR 658 bn.
• Finnish residents’ foreign liabilities totalled EUR 638 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.