Finland Current Account

Finland

Finland: Current account surplus widens in October

December 15, 2014

The current account posted a EUR 555 million surplus in October. The print marked an improvement compared to the EUR 157 million surplus recorded in the same month of last year.

The trade balance registered a surplus of EUR 308 million in October, coming in above the EUR 197 million surplus recorded in October 2013. Exports shrunk 1.7% over the same month last year (September: +11.1% year-on-year) and imports dropped 4.0% in October (September: -5.7% yoy).

In the 12 months up to October, the current account balance recorded a EUR 2.6 billion deficit, which represented an improvement over the EUR 3.0 billion shortfall recorded in the 12 months up to the previous month.

FocusEconomics Consensus Forecast panelists expect the current account deficit to reach 1.4% of GDP in 2015. For 2016, the panel expects the current account deficit to be at 1.0% of GDP.


Author: Angela Bouzanis, Senior Economist

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Finland Current Account Chart


Finland Current Account October 2014

Note: Monthly and 12-month current account balance in EUR billion.
Source: Bank of Finland (BoF).


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