Finland Current Account December 2018

Finland

Finland: Current account balance returns to deficit in December

February 15, 2019

The current account balance fell to a EUR 0.46 billion deficit in December, contrasting the revised EUR 0.10 billion surplus in November, which was previously reported as a EUR 0.17 billion surplus. The current account shortfall in December was also worse than in the same month a year earlier, when it amounted to a EUR 0.29 billion deficit.

In the 12 months leading up to December, the current account balance was a EUR 3.8 billion deficit, representing a deterioration compared to the EUR 3.6 billion shortfall in November.

The trade balance fell to a EUR 0.23 billion deficit in December, contrasting the revised EUR 0.18 billion surplus in November (previously reported: surplus of EUR 0.15 billion). Exports rose 3.7% in December, down from 5.1% in November, while imports rose 7.4%, up from 4.1%.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.6% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.4% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account December 2018

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


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