Finland Current Account April 2017

Finland

Finland: Current account deficit widens in April

June 15, 2017

Finland´s current account recorded a deficit in April, worsening from previous month’s result. According to Statistics Finland, April’s current account deficit stood at EUR 0.7 billion, contrasting March’s EUR 0.1 billion surplus. This marks the worst result since April 2016.

In the 12 months up to April, the current account deficit totaled EUR 1.9 billion, improving slightly from March’s corresponding figure of EUR 2.0 billion.

The trade balance also deteriorated. April saw a EUR 48 million deficit in the trade balance, contrasting March’s EUR 0.5 billion surplus. On an annual basis, exports grew 3.5% in April, a notable slowdown from March’s 22.2% increase. Imports also slowed, growing 4.3% in April, below the previous month´s 9.3% rise.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.7% of GDP in 2017, which is unchanged from last month’s projection. For 2018, panelists expect a current account deficit of 0.4% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account April 2017

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


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