Current Account in Finland
Finland - Current Account
Current account deficit widens in March
The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit). The current account balance in March was also lower than in the same month a year earlier, when it amounted to a EUR 0.38 billion deficit.
In the 12 months leading up to March, the current account balance totaled a EUR 3.9 billion deficit, representing a deterioration from the EUR 3.8 billion shortfall in February.
The trade balance rose to a EUR 0.22 billion surplus in March from the EUR 0.10 surplus in February. Exports fell 0.8% in March, contrasting the 5.4% rise in February, and imports decrease 2.5%, contrasting the 3.6% rise in February.
FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.7% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.5% of GDP.
Finland - Current Account Data
|Current Account (% of GDP)||-1.9||-1.5||-0.9||-0.3||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Finland Current Account Chart
Source: Bank of Finland.
|Bond Yield||0.28||3.70 %||May 13|
|Exchange Rate||8.77||-0.38 %||May 13|
|Stock Market||3,806||0.0 %||May 13|
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May 15, 2019
The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).
May 14, 2019
Consumer prices rose 0.6% in April compared to the previous month, up from 0.1% in March.
April 18, 2019
The current account balance fell to a EUR 0.04 billion deficit in February, contrasting the revised EUR 0.50 billion surplus in January, which was previously reported as a EUR 0.84 billion surplus.
April 16, 2019
Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year).
April 15, 2019
Consumer prices rose 0.1% in March compared to the previous month, down from the 0.5% rise in February.