Current Account in Finland

Finland Current Account | Economic News & Forecasts

Finland - Current Account

Current account balance rebounds in May from April’s record low

The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance.

In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April.

The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April. Exports increased 3.5% in May, contrasting the 8.0% decline logged in April, while imports rose 2.7%, down from April’s 6.2% rise.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 1.0% of GDP in 2019. In 2020, panelists expect a current account deficit of 0.8% of GDP.

Finland - Current Account Data

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

ValueChangeDate
Bond Yield-0.033.70 %Jul 11
Exchange Rate8.54-0.38 %Jul 11
Stock Market3,9520.0 %Jul 11

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    July 16, 2019

    Economic activity grew a working-day adjusted 0.8% in May compared to the same month a year earlier, down from April’s substantially revised 1.8% growth reading (previously reported: +2.8% year-on-year).

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  • Finland: Current account balance rebounds in May from April’s record low

    July 15, 2019

    The current account balance swung to a EUR 0.3 billion surplus in May, contrasting the EUR 4.2 billion deficit recorded in April, which represented the lowest reading since contemporary records began in January 2006 due to a massive slump in the primary income balance. In the 12 months leading up to May, the current account balance totaled a EUR 4.0 billion deficit, marking an improvement over the EUR 5.3 billion shortfall in April. The trade balance improved to a EUR 0.2 billion surplus in May, contrasting the EUR 0.2 billion deficit in April.

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