Current Account in Finland

Finland Current Account | Economic News & Forecasts

Finland - Current Account

Current account balance returns to surplus in January

The current account balance rose to a EUR 0.84 billion surplus in January, contrasting the revised EUR 0.22 billion deficit in December, which was previously reported as a EUR 0.46 billion shortfall. The current account balance in January was also better than in the same month a year earlier, when it amounted to a EUR 0.03 billion deficit.

In the 12 months leading up to January, the current account balance was a EUR 3.5 billion deficit, representing an improvement compared to the EUR 4.4 billion shortfall in December.

The trade balance improved to a EUR 0.70 billion surplus in January, contrasting the EUR 0.21 billion deficit in December. Exports rose 11.0% in January, up from 2.2% in December, while imports crept up 0.3%, down from 6.6% in December.

Finland Current Account Balance Forecast

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.5% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.3% of GDP.

Finland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.9  -1.5  -0.9  -0.3  0.7  

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Finland Current Account Chart

Finland Current Account
Note: Current account balance as % of GDP.
Source: Bank of Finland.

Finland Facts

Bond Yield0.313.70 %Mar 11
Exchange Rate8.66-0.38 %Mar 11
Stock Market4,1190.0 %Mar 11

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