The current account deficit measured 20.2 b.kr. in Q4/2022. This represents a deterioration of 46.6 b.kr. relative to the previous quarter but an improvement of 33.9 b.kr. relative to Q4/2021. There was a deficit on goods trade in the amount of 85.8 b.kr and a 24.2 b.kr. surplus on services trade. The surplus on primary income amounted to 49.4 b.kr., whereas there was a 7.8 b.kr. deficit on secondary income.

The improvement in the current account balance relative to the same quarter in 2021 stems from more favourable primary income transactions in the amount of 60.7 b.kr., owing mainly to a poorer performance among foreign-owned companies classified as direct investment. It is offset by a larger deficit on goods trade in the amount of 47.4 b.kr. The services account balance was more favourable by 17.9 b.kr., and secondary income was more favourable by 2.7 b.kr.
The current account balance for 2022 as a whole showed a deficit of 58 b.kr., as compared with a deficit of 78.4 b.kr. in 2021. The deficit on goods trade totalled 214 b.kr., while the surplus on services trade totalled 186.5 b.kr. The surplus on primary income amounted to 6.4 b.kr., whereas there was a 36.9 b.kr. deficit on secondary income.