Current Account in Finland
Finland - Current Account (billions of Euros)
Current account surplus widens in October
The current account recorded a EUR 0.5 billion surplus in October, matching the surplus recorded in October last year, and increasing from September’s EUR 0.1 billion surplus. In the 12 months leading up to October, the current account recorded a EUR 0.4 billion deficit, matching September’s reading.
The merchandise trade print recorded a EUR 0.4 billion surplus in October, matching October 2019’s surplus, and up from September’s EUR 0.1 billion surplus. The result reflects an increase in exports and a slight decrease in imports over the month prior.
Meanwhile, the financial account recorded a EUR 5.5 billion net capital inflow in October, down from the EUR 9.2 billion net inflow recorded in October last year, but markedly up from September’s EUR 3.9 billion net inflow. The reading reflects large inflows from portfolio investments, while outflows were in the form of direct investments.
FocusEconomics Consensus Forecast panelists project the current account to record a deficit of 1.0% of GDP in 2021, which is up 0.1 percentage points from last month’s estimate. In 2022, panelists foresee a current account deficit of 1.1% of GDP.
Finland - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||-2.0||-4.4||-1.7||-3.8||-1.8|
5 years of economic forecasts for more than 30 economic indicators.
Finland Current Account (EUR bn) Chart
Source: Bank of Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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December 15, 2020
Economic activity decreased 1.9% year-on-year in working-day adjusted terms in October, following the 2.1% contraction recorded in September (previously reported: -3.2% year-on-year).
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.
December 11, 2020
The current account recorded a EUR 0.5 billion surplus in October, matching the surplus recorded in October last year, and increasing from September’s EUR 0.1 billion surplus.
November 27, 2020
GDP rebounded strongly in the third quarter, growing 3.3% on a seasonally-adjusted quarter-on-quarter basis and contrasting the 3.9% contraction recorded in the second quarter.
November 13, 2020
Economic activity decreased 3.2% year-on-year in working-day adjusted terms in September, matching August’s drop.