Finland - Current Account Balance
Finland: Current Account Balance
| Mnemonic | TAB.IFIN | |
|---|---|---|
| Unit | Mil. EUR, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 362.81 % | |
| Data | Dec 2020 | 2,041 |
| Nov 2020 | 441 | |
Series Information
| Source | Statistics Finland |
| Release | Balance of Payments |
| Frequency | Monthly |
| Start Date | 1/31/1975 |
| End Date | 12/31/2020 |
Finland: Trade
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Current Account Balance | Dec 2020 | 2,041 | 441 | Mil. EUR, NSA | Monthly |
| Balance of Goods | Nov 2020 | 1,012 | -53.61 | Mil. EUR, NSA | Monthly |
| Exports of Goods | Nov 2020 | 6,056 | 5,118 | Mil. EUR, NSA | Monthly |
| Imports of Goods | Nov 2020 | 5,044 | 5,172 | Mil. EUR, NSA | Monthly |
| Exports of Goods and Services | 2020 Q3 | 20,018 | 19,322 | Mil. EUR, WDASA | Quarterly |
| Real Exports of Goods and Services | 2020 Q3 | 19,756 | 19,255 | 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
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.
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
| The statistics become final more than two years after the end of the reference year. |
