Finland Current Account February 2018

Finland

Finland: Current account surplus logged for eighth consecutive month in February

April 13, 2018

According to Statistics Finland, the current account was in a surplus for the eighth month in a row in February, at EUR 0.25 billion. This was lower than January’s upwardly-revised EUR 0.38 billion surplus (previously recorded: + EUR 0.27 billion). February’s current account balance was, however, higher than in the same month a year earlier (surplus of EUR 0.20 billion).

In the 12 months leading up to February, the current account surplus remained steady at EUR 1.7 billion, identical to January’s figure.

The trade balance deteriorated in February to a surplus of EUR 0.09 billion, down from a surplus of EUR 0.25 billion in January. On an annual basis, exports grew 7.4% in February, down from January’s 10.4% expansion. There was a 6.1% increase in imports in February, less than the 7.3% growth in January.

Finland Current Account Balance Forecast


FocusEconomics Consensus Forecast panelists expect the current account to record a surplus of 0.3% of GDP in 2018. For 2019, panelists expect a current account surplus of 0.6% of GDP.


Author:, Economist

Sample Report

Looking for forecasts related to Current Account in Finland? Download a sample report now.

Download

Finland Current Account Chart


Finland Current Account February 2018 0

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


Finland Economic News

  • Finland: Current account deficit widens to a multi-decade high

    June 14, 2019

    The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006. The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year. In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March. The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March.

    Read more

  • Finland: Inflation slows in May

    June 14, 2019

    Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April.

    Read more

  • Finland: Economic growth jumps in April on resurgent manufacturing and construction

    June 14, 2019

    Economic activity grew a working-day adjusted 2.8% in April compared to the same month a year earlier, up from March’s revised 0.9% increase (previously reported: +1.1% year-on-year).

    Read more

  • Finland: Growth slumps in Q1

    May 29, 2019

    Economic growth slowed to 0.2% in seasonally-adjusted quarter-on-quarter terms in Q1 2019, according to a second GDP release by Statistics Finland.

    Read more

  • Finland: Current account deficit widens in March

    May 15, 2019

    The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).

    Read more

More news

Search form