Current Account in Finland
Finland - Current Account
Current account surplus widens notably in September
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.
Finland - Current Account Data
|Current Account (% of GDP)||-0.9||-2.0||-0.8||-1.6||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
Finland Current Account Chart
Source: Bank of Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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November 16, 2021
Economic activity rose to a three-month high of 5.0% year-on-year in working-day adjusted terms in September, accelerating from August’s 4.3% increase.
November 15, 2021
Consumer prices rose 0.75% from the previous month in October, accelerating from the 0.31% rise recorded 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.
October 15, 2021
Economic activity increased 4.6% year-on-year in working-day adjusted terms in August, which followed July's 5.3% increase.
October 14, 2021
Consumer prices rose 0.31% in September over the previous month, accelerating from the 0.23% increase recorded in August.