In May, the current account balance posted a shortfall of EUR 506 million, which marked the eighth consecutive negative reading. That said, the figure represents an improvement over the EUR 1.3 billion deficit recorded in May last year. The trade balance reached a EUR 172 million surplus, which contrasted the EUR 140 million deficit observed in the same month last year. The improvement was underpinned by a decline in imports, which contracted 8.2% year-on-year (April: -2.8% yoy), while exports dropped a more moderate 2.2% yoy (April: +2.5% yoy). The 12-month moving sum of the current account balance continued to improve, stepping up from minus EUR 3.2 billion in April to minus EUR 2.4 billion in May
Finland Current Account
Current account deficit shrinks in May
July 18, 2012
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Finland Current Account Chart
Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).
Finland Economic News
October 14, 2016
The current account posted a EUR 166 million deficit in August, according to Statistics Finland.
October 14, 2016
In August, economic activity fell a working-day adjusted 0.1% over the same month last year, according to the Monthly Trend Indicator of Output.
September 15, 2016
In July, economic activity expanded a working-day adjusted 1.5% over the same month last year, according to the Monthly Trend Indicator of Output.
September 6, 2016
The Finnish economy recorded flat growth in Q2 over the previous quarter in seasonally-adjusted terms, which represented a slowdown from Q1’s 0.3% expansion, according to preliminary data released by Statistics Finland on 6 September.
August 15, 2016
The current account posted a EUR 219 million deficit in June according to Statistics Finland.