Current Account in Finland
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
|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||0.31||3.70 %||Mar 11|
|Exchange Rate||8.66||-0.38 %||Mar 11|
|Stock Market||4,119||0.0 %||Mar 11|
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March 15, 2019
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.
March 15, 2019
Economic activity grew a working-day adjusted 1.5% in January compared to the same month a year earlier, down from the revised 2.3% rise in December (previously reported: +2.7% year-on-year).
March 14, 2019
Consumer prices rose 0.5% in February compared to the previous month, contrasting the 0.4% fall in January.
February 28, 2019
The economy grew 0.7% in seasonally-adjusted quarter-on-quarter terms in Q4 2018, up from Q3’s 0.4%.
February 19, 2019
Consumer prices fell 0.4% in January compared to the previous month (December: -0.1% month-on-month).