Finland Current Account

Finland

Finland: Current account balance continues to hover around zero

December 14, 2012

In October, the current account balance recorded a deficit of EUR 44 million. The reading contrasted the revised EUR 125 million surplus attained in September (previously reported: plus EUR 735 million) but represents only a fraction of the EUR 845 million shortfall seen in the same month the previous year.

The trade balance posted a surplus of EUR 5 million, which contrasted the EUR 502 million deficit observed in October the previous year. Exports swung from a 6.9% decline in September to a vigorous 12.5% expansion in October. Meanwhile, imports increased 0.9%, which contrasted the 6.0% contraction seen in September.

Building on the subdued monthly deficit, the 12-month moving sum of the current account balance stepped up from minus EUR 4.2 billion in September to minus EUR 3.4 billion, or approximately 1.7% of GDP.


Author:,

Sample Report

Looking for forecasts related to Current Account in Finland? Download a sample report now.

Download

Finland Current Account Chart


Finland Current Account October 2012

Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).


Finland Economic News

  • Finland: Growth moderates in Q3, but remains firm

    December 1, 2017

    According to preliminary data released on 1 December, the economy lost momentum in the third quarter.

    Read more

  • Finland: Current account surplus narrows in September

    November 15, 2017

    The current account surplus was EUR 0.08 billion in September, considerably below the EUR 0.23 billion surplus recorded in August, but above the EUR 0.02 billion surplus recorded in September 2016.

    Read more

  • Finland: Economic growth quickens in September

    November 14, 2017

    In September, economic activity grew a working-day adjusted 3.8% over the previous year—up from August’s revised 3.7% rise (previously reported: +2.7% year-on-year)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Economic activity slows in August

    October 13, 2017

    In August, economic activity grew by a working-day adjusted 2.7% over the previous year—down from July’s revised 3.6% rise (previously reported: +3.1%)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Current account surplus steady in August

    October 13, 2017

    Finland’s current account surplus amounted to EUR 0.23 billion in August, almost unchanged from the revised EUR 0.25 billion surplus recorded in July (previously reported: EUR 0.16 billion). In the 12 months leading up to August, the current account deficit totaled EUR 0.52 billion, very close to July’s cumulative deficit of EUR 0.51 billion. However, the trade balance improved in August over the previous month, recording a EUR 238 million surplus compared to July’s EUR 75 million surplus.

    Read more

More news

Search form