Balance of payments, July 2013

Current account

The current account posted a deficit of EUR 0.1 bn in July, compared to a surplus of EUR 0.1 bn a year earlier. The cumulative current account for the past 12 months posted a deficit of EUR 1.5 bn.

• In balance of payment terms, the trade account posted a deficit of EUR 0.1 bn in July.

Financial account

Investment was outward on net, in the amount of EUR 2.0 bn.

• Direct investment was EUR 0.8 bn outward on net.
• Portfolio investment was EUR 5.0 bn outward on net.
• Other investment (loans, deposits and trade credits) was EUR 7.0 bn inward on net.

Net international investment position at end-July

Foreign assets exceeded foreign liabilities¹ by EUR 31 bn.

• Finnish residents’ foreign assets totalled EUR 619 bn.
• Finnish residents’ foreign liabilities totalled EUR 588 bn.

Net international investment position – excluding equity items – was a negative EUR 70 bn.

¹ The figures have been revised exceptionally from the beginning of 2008.