Finland Current Account February 2021


Finland: Current account surplus increases in February

April 12, 2021

The current account recorded a EUR 0.4 billion surplus in February, swinging from the EUR 0.7 billion deficit recorded in the same month last year and notably up from the EUR 0.2 billion surplus logged in the previous month. In the 12 months leading up to February, the current account recorded a EUR 1.5 billion surplus, contrasting the EUR 1.8 billion shortfall in February 2020.

The merchandise trade balance posted a EUR 0.2 billion surplus in February, matching the prior month’s result and contrasting the EUR 0.3 billion deficit from February last year. The result largely reflected growing merchandise exports, while goods imports declined.

Meanwhile, the financial account registered a EUR 0.4 billion net capital outflow in February, swinging from February 2020’s EUR 3.0 billion net inflow, and from the EUR 3.4 billion capital inflow logged in January. The print chiefly reflected a large increase in portfolio investment.

FocusEconomics Consensus Forecast panelists project the current account to record a deficit of 0.8% of GDP in 2021, which is unchanged from last month’s estimate. In 2022, panelists foresee a current account deficit of 0.6% of GDP.

Author:, Junior Economist

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Finland Current Account Chart

Finland Current Account February 2021

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

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