Finland Current Account

Finland

Finland: Current account posts surplus in September

November 14, 2014

The current account posted a EUR 591 million surplus in September. The print marked an improvement compared to the balanced account recorded in August and represented the largest surplus in almost four years.

The trade balance registered a surplus of EUR 587 million in September, which contrasted the EUR 7 million deficit recorded in August. Exports rose 11.8% over the same month last year (August: -5.2% year-on-year) and imports shrunk 6.2% in September (August: -5.9% yoy).

In the 12 months up to September, the current account balance recorded a EUR 3.4 billion deficit, which marked an improvement over the EUR 4.1 billion shortfall recorded in the 12 months up to August.

FocusEconomics Consensus Forecast panelists expect the current account deficit to reach 0.9% of GDP this year. For 2015, the panel expects the current account deficit to be at 0.7% of GDP.


Author: Angela Bouzanis, Senior Economist

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Finland Current Account Chart


Finland Current Account September 2014 0

Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).


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