Finland Current Account June 2019

Finland

Finland: Current account surplus widens in June

August 15, 2019

The current account balance improved to a EUR 0.8 billion surplus in June from the revised EUR 0.6 billion surplus in May (previously reported: surplus of EUR 0.3 billion).

In the 12 months leading up to June, the current account balance totaled a EUR 1.5 billion deficit, marking an improvement over the EUR 3.4 billion deficit in May.

The trade balance improved to a EUR 0.4 billion surplus in June from the EUR 0.1 billion surplus in May. Exports fell 3.8% in June, contrasting growth of 4.6% in May, but imports fell by a faster 7.7% pace in June, contrasting growth of 4.7% in May, thus leading to a wider trade balance.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 1.0% of GDP in 2019. In 2020, panelists expect a current account deficit of 0.8% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account June 2019

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


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