Finland Current Account May 2019

Finland

Finland: Current account balance rebounds in May from April's record low

July 15, 2019

The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance.

In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April.

The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April. Exports increased 3.5% in May, contrasting the 8.0% decline logged in April, while imports rose 2.7%, down from April’s 6.2% rise.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 1.0% of GDP in 2019. In 2020, panelists expect a current account deficit of 0.8% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account May 2019 0

Note: Monthly and 12-month current account balance in EUR billion.
Source: Statistics Finland


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