Current Account in Finland

Finland Current Account | Economic News & Forecasts

Finland - Current Account

Finland logs a current account surplus in November for the first time in over a year

The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall. Moreover, the surplus in November is up on the balanced current account reading from the same month a year earlier.

In the 12 months leading up to November, the current account deficit was EUR 3.5 billion, representing an improvement over the EUR 3.7 billion shortfall in October.

In November, the trade balance improved to plus EUR 0.15 billion from EUR 0.00 billion in October. Exports rose 5.1% in November, up from 3.5% in October, while imports increased 4.7% in November, down from 8.3% in October.

FocusEconomics Consensus Forecast panelists expect the current account to record a deficit of 0.6% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.6% 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 Yield0.503.70 %Jan 16
Exchange Rate8.54-0.38 %Jan 16
Stock Market3,9420.0 %Jan 16

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