Finland - Current Account Balance




Finland: Current Account Balance

Mnemonic TAB.IFIN
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 119.92 %
Data Sep 2019 541
Aug 2019 246

Series Information

Source Statistics Finland
Release Balance of Payments
Frequency Monthly
Start Date 1/31/1975
End Date 9/30/2019

Finland: Trade

Reference Last Previous Units Frequency
Current Account Balance Sep 2019 541 246 Mil. EUR, NSA Monthly
Balance of Goods Jul 2019 -447.88 201.16 Mil. EUR, NSA Monthly
Exports of Goods Jul 2019 5,039 5,245 Mil. EUR, NSA Monthly
Imports of Goods Jul 2019 5,487 5,044 Mil. EUR, NSA Monthly
Exports of Goods and Services 2019 Q2 23,657 23,734 Mil. EUR, WDASA Quarterly
Real Exports of Goods and Services 2019 Q2 21,601 21,699 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