In March, the current account balance incurred a deficit of EUR 42 million, which represents an improvement over the EUR 211 million deficit recorded in February (previously reported: EUR 230 billion deficit) and the EUR 636 million shortfall recorded in the same month last year. The trade balance swung from a EUR 381 million deficit in February to a EUR 102 million surplus in March, mostly reflecting a sharp decline in imports that outpaced a moderation in exports. Imports plunged 10.3%, which contrasted the 8.9% expansion recorded in February. Exports also fell into negative territory, contracting 1.1%, which contrasted the 0.6% increase seen in February. As a result, the 12-month moving sum of the current account balance improved, stepping up from minus EUR 1.9 billion in February to minus EUR 1.3 billion in March.
Finland Current Account
Current account improves in March
May 15, 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.