Finland Current Account June 2021

Finland

Finland: Current account posts larger surplus in June

August 12, 2021

The current account recorded a EUR 0.7 billion surplus in June, swinging from the EUR 0.4 billion shortfall logged in the same month last year and increasing from the EUR 0.1 billion surplus posted in May. In the 12 months leading up to June, the current account clocked in a EUR 3.9 billion surplus, markedly above the EUR 0.3 billion surplus of June 2020

The merchandise trade balance posted a EUR 0.3 billion surplus in June, above the EUR 0.2 one logged in June 2020 and matching the one recorded the prior month. The print reflected exports expanding at a mildly softer pace.

Meanwhile, the financial account registered a EUR 0.9 billion net capital outflow in June, contrasting the EUR 1.6 billion net capital inflow logged in June 2020 and the EUR 4.7 billion net inflow of the previous month. June’s print was largely due to large outflows in direct investment and portfolio investment.

FocusEconomics Consensus Forecast panelists project a current account deficit of 0.1% of GDP in 2021, which is up 0.2 percentage points from last month’s estimate. In 2022, panelists also see the current account registering a deficit of 0.2% of GDP.


Author:, Junior Economist

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Finland Current Account Chart


Finland Current Account June 2021

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


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