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.
Author: Marta Casanovas , Junior Economist