Balance of payments, April 2014

Balance of payments - Older news Statistics Friday 13 June 2014, 10:00 AM

Logo of Statistics Finland

Responsibility for the compilation of balance of payments was transferred from the Bank of Finland to Statistics Finland on 1 January 2014. During the transition period 1 January 2014 – 30 June 2014, monthly balance of payments releases will continue to be published via the Bank of Finland’s website. Balance of payments data published after the transition period will be posted on Statistics Finland’s website. Statistics Finland is responsible for the content of published releases and data figures.

As of July 11th 2014, Finland will publish its balance of payments data in accordance with the guidelines and recommendations of BPM6. At the same time, Finland will adopt the new ECB Guidelines and the European Union Regulations.
Here is a link to information on the changes that the new statistics standards cause in the compilation of balance of payments statistics: http://tilastokeskus.fi/til/maksutasetilastointi_en.html

 

Current account

In April, the current account posted a deficit of EUR 1 bn, compared to a deficit of EUR 1.3 bn a year earlier. The 12-month cumulated current account posted a deficit of EUR 2.4 bn.

  • In balance of payment terms, the trade account posted a deficit of EUR 0.1 bn.
 Trade and current account

Financial account

Investment was inward on net, in the amount of EUR 4.6 bn.

  • Direct investment was EUR 5.1 bn inward on net.
  • Portfolio investment was EUR 5.4 bn outward on net.
  • Other investment (loans, deposits and trade credits) was EUR 4.7 bn inward on net.
 Portfolio investments

Net international investment position at end-April

Foreign assets exceeded foreign liabilities by EUR 14 bn.

  • Finnish residents’ foreign assets totalled EUR 640 bn.
  • Finnish residents’ foreign liabilities totalled EUR 626 bn.

Net international investment position – excluding equity items – was a negative EUR 69 bn.

 Net international investment position

Information on international investment position.

Finland's balance of payments
Year 2013,
EUR million		 March 2014,
EUR million		 April 2014,
EUR million		 12 month moving sum, EUR million
Current account -2,078 -696 -975 -2,399
    Goods 130 66 -83 -37
    Services 447 -134 -108 -68
    Income -535 -278 -609 12
    Current transfers -2,120 -350 -176 -2,306
Capital account 212 12 17 199
Financial account -698 330 4,639 8,456
    Direct investment -3,841 -311 5,098 3,905
    Portfolio investment 2,578 1,002 -5,352 8,797
    Other investment -785 -230 4,697 -5,802
    Reserve assets -768 -89 128 -573
    Financial derivatives 2,118 -44 68 2,129
Errors and omissions 2,563 355 -3,680 -6,256
The statistics become final more than two years after the end of the reference year.

For further information, please contact Pauliina Turunen, tel. +358 29 551 2958, and Mira Malhotra, tel. +358 29 551 3411, email: firstname.lastname(at)stat.fi.

The next balance of payments release will be published via Statistics Finland’s web service on 11 July 2014 at 9 am.

Order newsletter by email