Balance of payments, November 2013

Current account

In November the current account posted a surplus of EUR 0.4 bn, compared to a surplus of EUR 0.3 a year earlier. The cumulative current account for the past 12 months posted a deficit of EUR 1.3 bn.

• In balance of payment terms, the trade account posted a surplus of EUR 0.3 bn in November.

Financial account

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

• Direct investment was EUR 0.3 bn inward on net.
• Portfolio investment was EUR 1.2 bn inward on net.
• Other investment (loans, deposits and trade credits)was EUR 5.1 outward on net.

Net international investment position at end-November

Foreign assets exceeded foreign liabilities by EUR 23 bn.

• Finnish residents' foreign assets totalled EUR 639 bn.
• Finnish residents' foreign liabilities totalled EUR 615 bn.

Net international investment position excluding equity items was a negative EUR 65 bn.