Finland Current Account January 2019

Finland

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:, Economist

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Finland Current Account Chart


Finland Current Account January 2019

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


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