Current Account in Finland

Finland Current Account | Economic News & Forecasts

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

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 Yield0.283.70 %May 13
Exchange Rate8.77-0.38 %May 13
Stock Market3,8060.0 %May 13

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