Finland - Current Account Balance





Finland: Current Account Balance

Mnemonic TAB.IFIN
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 177.45 %
Data Sep 2022 395
Aug 2022 -510

Series Information

Source Statistics Finland
Release Balance of Payments
Frequency Monthly
Start Date 1/31/1975
End Date 9/30/2022

Finland: Trade

Reference Last Previous Units Frequency
Balance of Goods Sep 2022 -326.57 -1,307 Mil. EUR, NSA Monthly
Current Account Balance Sep 2022 395 -510 Mil. EUR, NSA Monthly
Exports of Goods Sep 2022 7,173 6,695 Mil. EUR, NSA Monthly
Exports of Goods and Services 2022 Q3 31,344 30,381 Mil. EUR, WDASA Quarterly
Imports of Goods Sep 2022 7,500 7,960 Mil. EUR, NSA Monthly
Real Exports of Goods and Services 2022 Q3 22,698 22,276 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):