Finland Current Account September 2019

Finland

Finland: Current account surplus widens in September

November 15, 2019

The current account surplus widened to EUR 0.5 billion in September from EUR 0.2 billion in August. Moreover, the current account surplus recorded in September contrasted the EUR 0.2 billion deficit recorded in the same month last year.

In the 12 months leading up to September, the current account balance totaled a deficit of EUR 1.1 billon, marking an improvement over the shortfall of EUR 1.8 billion in August.

The merchandise trade balance improved to a surplus of EUR 0.2 billion in September, up from EUR 0.0 billion reading in August. Moreover, the surplus recorded in September was up from the EUR 0.1 billion surplus recorded in the same month last year. Exports increased 3.1% in September compared to the same month a year earlier, contrasting the 5.3% decrease in August, while imports rose 0.3% in September, contrasting the 6.2% decrease in August.

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 0.9% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account September 2019

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


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