Finland Current Account March 2019


Finland: Current account deficit widens in March

May 15, 2019

The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit). The current account balance in March was also lower than in the same month a year earlier, when it amounted to a EUR 0.38 billion deficit.

In the 12 months leading up to March, the current account balance totaled a EUR 3.9 billion deficit, representing a deterioration from the EUR 3.8 billion shortfall in February.

The trade balance rose to a EUR 0.22 billion surplus in March from the EUR 0.10 surplus in February. Exports fell 0.8% in March, contrasting the 5.4% rise in February, and imports decrease 2.5%, contrasting the 3.6% rise in February.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.7% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.5% of GDP.

Author:, Economist

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Finland Current Account Chart

Finland Current Account March 2019

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

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