Balance of payments, August 2013

Current account

The current account posted a surplus of EUR 0.03 bn in August, compared to a deficit of EUR 0.05 bn a year earlier. The 12-month cumulated current account posted a deficit of EUR 1.4 bn.

• In balance of payment terms, the trade account was in balance in August.

Financial account

Investment was inward on net, in the amount of EUR 2.4 bn.

• Direct investment was EUR 0.2 bn inward on net.
• Portfolio investment was EUR 1.4 bn inward on net.
• Other investment (loans, deposits and trade credits) was EUR 0.4 bn inward on net.

Net international investment position at end-August

Foreign assets exceeded foreign liabilities by EUR 28 bn.

• Finnish residents’ foreign assets totalled EUR 619 bn.
• Finnish residents’ foreign liabilities totalled EUR 592 bn.

Net international investment position – excluding equity items – was a negative EUR 71 bn.