The current account posted a EUR 376 million deficit in January. The print marked an improvement over the revised EUR 739 million deficit recorded in December (previously reported: EUR 741 million deficit). The trade balance registered a deficit of EUR 251 million in January, which was up from the revised EUR 403 million deficit recorded in December (previously reported: EUR 356 million deficit). Exports contracted 8.4% over the same month last year (December: +7.2% year-on-year) and imports fell 6.0% in January (December: +2.3% yoy). In the 12 months up to January, the current account balance recorded a EUR 2.2 billion deficit, which exceeded the EUR 2.1 billion shortfall recorded in the 12 months up to December. FocusEconomics Consensus Forecast panelists expect the current account surplus to reach 0.8% of GDP this year, which is unchanged from last month's forecast. For 2015, the panel expects the current account surplus to be at 0.6% of GDP.
Finland Current Account
Current account registers another hefty shortfall in January
March 14, 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.