Finland Current Account February 2022

Finland

Finland: Current account swings to deficit in February

April 12, 2022

The current account posted a EUR 0.1 billion deficit in February, deteriorating from the EUR 0.1 billion surplus recorded in January (February 2021: EUR 0.2 billion surplus). Meanwhile, in the 12 months leading up to February, the current account posted a EUR 1.5 billion surplus, compared to the EUR 1.8 billion surplus booked in January.

The merchandise trade balance worsened from the previous month, recording a EUR 0.3 billion deficit in February (January 2022: EUR 0.1 billion deficit). Merchandise exports shot up 23.3% in annual terms in February, on the heels of January’s 34.2% jump. Meanwhile, merchandise imports shot up 30.4% on an annual basis in February (January: +37.4% yoy).

FocusEconomics Consensus Forecast panelists project the current account to be balanced in 2022. In 2023, panelists see a surplus of 0.1% of GDP.


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Finland Current Account February 2022 3

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


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