The current account posted a EUR 509 million deficit in March. The print marked a retreat compared to the EUR 87 million surplus recorded in February and represented the lowest figure in three months. The trade balance registered a surplus of EUR 90 million in March, which was below the EUR 126 million surplus recorded in February. Exports contracted 3.3% over the same month last year (February: -0.6% year-on-year) and imports fell 6.4% in March (February: -1.6% yoy). In the 12 months up to March, the current account balance recorded a EUR 2.0 billion deficit, which slightly exceeded the EUR 1.9 billion shortfall recorded in the 12 months up to February. FocusEconomics Consensus Forecast panelists expect the current account deficit to reach 0.5% of GDP this year, which is unchanged from last month's forecast. For 2015, the panel expects the current account deficit to be at 0.2% of GDP.
Finland Current Account
Current account falls back to deficit in March
May 15, 2014
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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.