Finland Current Account

Finland

Finland: Current account balance remains positive Aug.

October 15, 2012

In August, the current account balance posted a EUR 75 million surplus. The figure, which marked the third consecutive monthly surplus, was lower than the revised EUR 108 million surplus seen in July (previously reported: EUR 149 million) but contrasted the EUR 9 million deficit recorded in the same month last year. The trade balance recorded a surplus of EUR 207 million, which contrasted the EUR 201 million deficit seen in August last year. Exports accelerated from a 2.9% increase in July to a stronger 6.0% expansion in August, which marks, in fact, the highest growth rate in a year. Meanwhile imports declined further, falling 2.7% in August (July: -2.2% yoy).


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Finland Current Account Chart


Finland Current Account August 2012

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


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