Finland - Current Account Balance





Finland: Current Account Balance

Mnemonic TAB.IFIN
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 94.61 %
Data Jun 2022 -101
May 2022 -1,875

Series Information

Source Statistics Finland
Release Balance of Payments
Frequency Monthly
Start Date 1/31/1975
End Date 6/30/2022

Finland: Trade

Reference Last Previous Units Frequency
Current Account Balance Jun 2022 -101 -1,875 Mil. EUR, NSA Monthly
Balance of Goods May 2022 -1,202 -980.93 Mil. EUR, NSA Monthly
Exports of Goods May 2022 6,938 6,597 Mil. EUR, NSA Monthly
Imports of Goods May 2022 8,141 7,578 Mil. EUR, NSA Monthly
Exports of Goods and Services 2022 Q1 27,328 27,487 Mil. EUR, WDASA Quarterly
Real Exports of Goods and Services 2022 Q1 21,794 24,158 Mil. Ch. 2015 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. Gross External Debt contains all stocks and liabilities in all sectors, instruments and maturities.

Active:

  • Framework: IMF BPM6
  • Measurement: Millions of euros (Mil. EUR)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 2006Q1

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

Definitions

Gross external debt
The outstanding amount of all actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to nonresidents by residents of an economy.

Moody's Analytics supplements

For the current account balance, we back-extend the as-reported NSA series (1975m1 to 2005m12) and construct an SA counterpart.

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

Further reading

At IMF (SDDS Plus):