Finland - Current Account Balance




Finland: Current Account Balance

Mnemonic TAB.IFIN
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 70.96 %
Data Jul 2020 -121.14
Jun 2020 -417.13

Series Information

Source Statistics Finland
Release Balance of Payments
Frequency Monthly
Start Date 1/31/1975
End Date 7/31/2020

Finland: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2020 -256.18 -435.76 Mil. EUR, NSA Monthly
Exports of Goods Aug 2020 4,340 4,423 Mil. EUR, NSA Monthly
Imports of Goods Aug 2020 4,596 4,859 Mil. EUR, NSA Monthly
Current Account Balance Jul 2020 -121.14 -417.13 Mil. EUR, NSA Monthly
Exports of Goods and Services 2020 Q2 19,409 22,082 Mil. EUR, WDASA Quarterly
Real Exports of Goods and Services 2020 Q2 19,388 21,242 Mil. Ch. 2010 EUR, WDASA Quarterly
Imports of Goods and Services 2017 85,226,000,000 79,350,000,000 NCU Annual
Real Imports of Goods and Services 2017 84,525,000,000 81,650,000,000 NCU Annual

Release Information

Description

Balance of payments is a statistical statement that summarizes economic transactions among the residents of Finland and everyone else. 

Here are some definitions provided by the IMF: 

  • Current account covers credit and debit entries for transactions in goods, services, income, and current transfers.
  • Capital account includes credits and debits of capital transfers, and acquisition/disposal of nonproduced, nonfinancial assets.
  • Financial account consists of asset and liability transactions in direct investment, portfolio investment, financial derivatives and other investment, and transactions in reserve assets.

Methodology

The Finnish Board of Customs collects and puts together the trade statistics. The additional EU trade is foudn using the customs declaration system. The Instra EU data is found using the EU Intrastat statistical system. 

Travel and transport data is collected through various surveys. The comilation of the financial account is based on six surveys. The surveys are: 

  • Monthly BOP-survey on foreign assets and liabilities
  • Annual BOP-survey on foreign assets and liabilities
  • The Bank of Finland’s monthly survey by institutional sector for foreign security holdings and international securities' issues
  • The Bank of Finland’s Monthly custodian survey for the holdings of securities
  • The Bank of Finland’s survey on Investment fund balance sheet collects data from investment funds on a monthly basis on balance sheets and subscriptions and redemptions of investment fund shares
  • Monetary financial institutions data collection

Revisions

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

Notes

Please go to this page for more information: IMF