Finland Current Account September 2021


Finland: Current account surplus widens notably in September

November 12, 2021

The current account recorded a EUR 1.1 billion surplus in September, widening markedly from September 2020’s EUR 0.1 billion surplus, and from August’s EUR 0.4 billion surplus. In the 12 months leading up to September, the current account clocked a EUR 5.6 billion surplus, notably above the EUR 0.5 billion surplus of September last year.

The merchandise trade print stood at EUR 0.7 billion surplus in September, coming in above the balanced result in the same month last year and swinging from the EUR 0.1 billion deficit logged in the prior month. The print reflected exports growing at a quicker pace than imports in annual terms in September.

Meanwhile, the financial account registered a EUR 2.0 billion net capital inflow in September, improving markedly from the EUR 0.1 billion inflow recorded in September 2020 and contrasting last month’s EUR 0.3 billion net capital outflow. September’s result was mainly due to large inflows in portfolio investment compared to August.

FocusEconomics Consensus Forecast panelists project the current account to record a surplus of 0.1% of GDP in 2022, which is unchanged from last month’s estimate. In 2023, panelists see the current account balanced.

Author:, Junior Economist

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Finland Current Account Chart

Finland Current Account September 2021

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

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