Finland Current Account August 2021

Finland

Finland: Current account posts smaller surplus in August

October 13, 2021

The current account recorded a EUR 0.4 billion surplus in August, down from EUR 0.6 billion in July but broadly unchanged from August 2020. In the 12 months leading up to August, the current account clocked a EUR 4.5 billion surplus.

The merchandise trade balance posted a EUR 5.5 billion surplus in August, up notably year-on-year but below July’s EUR 5.7 billion. Both exports and imports grew at a brisk pace in August.

Meanwhile, the financial account registered a EUR 0.2 billion net capital outflow in August, as an outflow of reserves more than offset higher other investments.

FocusEconomics Consensus Forecast panelists project the current account to record a surplus of 0.3% of GDP in 2021, which is up 0.4 percentage points from last month’s estimate. In 2022, panelists see a surplus of 0.1% of GDP, which is up 0.2 percentage points from the prior month’s projection.


Author:, Junior Economist

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Finland Current Account Chart


Finland Current Account August 2021

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


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