Finland: Current account balance returns to surplus in January
March 15, 2019
The current account balance rose to a EUR 0.84 billion surplus in January, contrasting the revised EUR 0.22 billion deficit in December, which was previously reported as a EUR 0.46 billion shortfall. The current account balance in January was also better than in the same month a year earlier, when it amounted to a EUR 0.03 billion deficit.
In the 12 months leading up to January, the current account balance was a EUR 3.5 billion deficit, representing an improvement compared to the EUR 4.4 billion shortfall in December.
The trade balance improved to a EUR 0.70 billion surplus in January, contrasting the EUR 0.21 billion deficit in December. Exports rose 11.0% in January, up from 2.2% in December, while imports crept up 0.3%, down from 6.6% in December.
Finland Current Account Balance Forecast
FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.5% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.3% of GDP.
Author: Edward Gardner, Economist