Finland Current Account January 2018

Finland

Finland: Current account surplus logged for seventh consecutive month in January

March 15, 2018

According to Statistics Finland, the current account was in a surplus of EUR 0.27 billion in January, lower than December’s upwardly-revised EUR 0.40 billion surplus (previously recorded: EUR 0.06 billion deficit). Moreover, January’s current account balance was lower than in the same month last year (surplus of EUR 0.29 billion). Despite the deterioration in January, however, the current account balance was in a surplus for the seventh month in a row.

In the 12 months leading up to January, the current account surplus remained steady at EUR 1.6 billion, identical to December’s figure.

The trade balance improved in January, rising from a deficit of EUR 3 million in December to a surplus of EUR 256 million. On an annual basis, exports grew 10.0% in January, up significantly from December’s 2.3% growth. There was a 6.8% increase in imports in January, a swing from December’s 3.3% decline.

Finland Current Account Forecast


FocusEconomics Consensus Forecast panelists expect the current account to record a surplus of 0.2% of GDP in 2018. For 2019, panelists expect a current account surplus of 0.4% 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 January 2018 1

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


Finland Economic News

  • Finland: Inflation inches higher in January

    February 19, 2020

    Consumer prices shrank 0.3% in January compared with the previous month, reversing December’s 0.1% uptick.

    Read more

  • Finland: Economic activity growth slows to 11-month low in December

    February 14, 2020

    Economic activity grew a working-day adjusted 0.5% in December from the same month a year earlier, down from November’s revised 1.6% reading (previously reported: +2.3% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The deceleration in December, which marked the slowest rate of expansion since January 2019, came on the back of a contraction in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which had posted mild growth in the previous month.

    Read more

  • Finland: Current account rebounds to surplus in December

    February 13, 2020

    The current account surplus widened to EUR 0.8 billion in December contrasting the revised EUR 0.1 billion deficit in November (previously reported: EUR 0.3 billion surplus) and the EUR 0.2 billion deficit recorded in December 2019. In the 12 months leading up to December, the current account balance clocked a deficit of EUR 0.3 billion, marking an improvement from the EUR 1.2 billion shortfall in November and the best result since September 2011.

    Read more

  • Finland: Economic activity growth accelerates in November

    January 15, 2020

    Economic activity grew a working-day adjusted 2.3% in November from the same month a year earlier, up from October’s revised 1.9% reading (previously reported: +1.5% year-on-year), according to Statistics Finland’s latest monthly Trend Indicator of Output release. The uptick in November came on the back of a rebound in the primary sector—encapsulating agriculture, forestry and fishing sub-sectors—which had slumped in the previous month.

    Read more

  • Finland: Inflation ticks up in December

    January 14, 2020

    Consumer prices rebounded 0.1% in December compared with the previous month, reversing November’s 0.1% downtick.

    Read more

More news

Search form