Finland Current Account April 2016

Finland

Finland: Exports fall and current account deficit widens in April

June 15, 2016

The current account posted a EUR 702 million deficit in April, according to Statistics Finland, marking the lowest reading in a year. April’s result was up from the EUR 1.3 billion deficit recorded in the same month last year, but it was much larger than the EUR 129 million deficit recorded in March.

The trade balance registered a deficit of EUR 47 million in April, coming in below the EUR 12 million deficit recorded in March. On an annual basis, exports fell 10.9% in April, which followed the previous month’s lesser 10.2% contraction. Imports rebounded from March’s 7.5% drop to a 4.0% increase in April.

In the 12 months up to April, the current account balance recorded a EUR 1.0 billion surplus, which was the highest accumulated current account reading in five years. April’s figure followed March’s EUR 400 million surplus.

FocusEconomics Consensus Forecast panelists expect the current account deficit to reach 0.2% of GDP in 2016, which is unchanged from last month’s projection. For 2017, the current account is expected to register a surplus of 0.2% of GDP.


Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to Current Account in Finland? Download a sample report now.

Download

Finland Current Account Chart


Finland Current Account April 2016 0

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


Finland Economic News

  • Finland: Growth moderates in Q3, but remains firm

    December 1, 2017

    According to preliminary data released on 1 December, the economy lost momentum in the third quarter.

    Read more

  • Finland: Current account surplus narrows in September

    November 15, 2017

    The current account surplus was EUR 0.08 billion in September, considerably below the EUR 0.23 billion surplus recorded in August, but above the EUR 0.02 billion surplus recorded in September 2016.

    Read more

  • Finland: Economic growth quickens in September

    November 14, 2017

    In September, economic activity grew a working-day adjusted 3.8% over the previous year—up from August’s revised 3.7% rise (previously reported: +2.7% year-on-year)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Economic activity slows in August

    October 13, 2017

    In August, economic activity grew by a working-day adjusted 2.7% over the previous year—down from July’s revised 3.6% rise (previously reported: +3.1%)—according to the latest monthly Trend Indicator of Output released by Statistics Finland.

    Read more

  • Finland: Current account surplus steady in August

    October 13, 2017

    Finland’s current account surplus amounted to EUR 0.23 billion in August, almost unchanged from the revised EUR 0.25 billion surplus recorded in July (previously reported: EUR 0.16 billion). In the 12 months leading up to August, the current account deficit totaled EUR 0.52 billion, very close to July’s cumulative deficit of EUR 0.51 billion. However, the trade balance improved in August over the previous month, recording a EUR 238 million surplus compared to July’s EUR 75 million surplus.

    Read more

More news

Search form