Statistics 15 September 2010 12:00 AM

Balance of payments July 2010

Current account

  • The current account posted a surplus of EUR 0.5 bn in July 2010, compared with a surplus of EUR 0.8 bn in July 2009.
    • In BOP terms, there was a surplus of EUR 0.2 bn in on the balance of trade. Over July 2009, there was growth in exports by one sixth and growth in imports by one fifth.

Trade and current account

Financial account

  • Investment was outward on net, in the amount of EUR 8.3 bn.
    • There was a EUR 0.6 bn net outflow of capital in the form of direct investment.
    • Portfolio investment was inward on, in the amount of EUR 0.3 bn.
    • Other investments (loans, deposits and trade credits) resulted in a net capital outflow of EUR 8.3 bn.
 Portfolio investments

Net international investment position at the end of July

  • The new net international investment position was a positive EUR 16 bn.
    • Finnish residents’ foreign claims were EUR 501 bn.
    • Finnish residents’ foreign liabilities were EUR 485 bn.
  • Finland’s net international investment position excluding equity items was negative, in the amount of EUR 40 bn.

 

 Net international investment position

Finland's balance of payments

Year 2009,
EUR million

 June 2010,
EUR million		 July 2010,
EUR million		 12 month moving sum, EUR million
Current account 4,696 862 470 4,451
    Goods 3,395 579 154 2,847
    Services 1,329 48 89 1,767
    Income 1,661 403 347 1,537
    Transfers -1,689 -169 -120 -1,700
Capital account 145 12 12 145
Financial account 11,011 -761 -8,282 -8,473
    Direct investment -2,762 -1,522 -607 -2,712
    Portfolio investment -513 -1,852 260 74
    Other investment 12,669 2,643 -8,274 -7,438
    Reserve assets -614 124 -121 843
    Financial derivatives 2,231 -154 460 760
Errors and omissions -15,852 -113 7,799 3,877

 The statistics become final more than two years after the end of the reference year.

For more information, please contact: Jaakko Suni tel. +358 10 831 2454, email firstname.surname(at)bof.fi