Finland Current Account August 2019


Finland: Current account surplus narrows slightly in August

October 15, 2019

The current account surplus reduced to EUR 0.2 billion in August from EUR 0.3 billion in July.

In the 12 months leading up to August, the current account balance totaled a deficit of EUR 1.9 billion, marking an improvement over the shortfall of EUR 2.5 billion in July.

The merchandise trade balance was unchanged at a deficit of EUR 0.1 billion in August. Exports fell 5.3% in year-on-year terms in August, worsening from the 0.6% decrease in July, while imports fell 5.4%, down from the 0.8% drop in July. The services trade balance, meanwhile, improved to a EUR 0.3 billion deficit, up from July’s EUR 0.4 billion shortfall.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 1.0% of GDP in 2020. In 2021, panelists expect a current account deficit of 0.8% of GDP.

Author:, Economist

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Finland Current Account Chart

Finland Current Account August 2019

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

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