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.
Author: Edward Gardner, Economist