Finland Current Account November 2018

Finland

Finland: Finland logs a current account surplus in November for the first time in over a year

January 15, 2019

The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall. Moreover, the surplus in November is up on the balanced current account reading from the same month a year earlier.

In the 12 months leading up to November, the current account deficit was EUR 3.5 billion, representing an improvement over the EUR 3.7 billion shortfall in October.

In November, the trade balance improved to plus EUR 0.15 billion from EUR 0.00 billion in October. Exports rose 5.1% in November, up from 3.5% in October, while imports increased 4.7% in November, down from 8.3% in October.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.6% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.6% of GDP.


Author:, Economist

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Finland Current Account Chart


Finland Current Account November 2018

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


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