Current Account in Finland
Finland - Current Account (billions of Euros)
Current account swings to surplus in September
The current account posted a EUR 0.4 billion surplus in September, rebounding from the EUR 0.5 billion deficit posted in August (September 2021: EUR 1.0 billion surplus). Meanwhile, the 12-month trailing current account deficit grew, coming in at EUR 9.5 billion in September (August: EUR 8.9 billion deficit).
The merchandise trade balance improved from the previous month, recording a EUR 0.4 billion surplus in September (August 2022: EUR 0.4 billion deficit). Merchandise exports grew 12.0% on an annual basis in September, on the heels of August’s 32.4% jump. September’s result marked the slowest expansion since March 2021. Meanwhile, merchandise imports growth softened to 19.1% on an annual basis in September (August: +40.0% yoy), marking the weakest result since March 2021.
FocusEconomics Consensus Forecast panelists see a deficit of 0.6% of GDP in 2023, which is down 0.1 percentage points from last month’s forecast. In 2024, panelists project a deficit of 0.1% of GDP.
Finland - Current Account (EUR bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account Balance (EUR bn) | -2.0 | -4.4 | -1.7 | -3.8 | -1.8 |
Finland Current Account (EUR bn) Chart
Source: Bank of Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.03 | 3.70 % | Dec 30 |
| Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Finland: Monthly economic activity expands at best pace in six months in September
November 15, 2022
Economic activity increased 0.6% month-on-month in seasonally adjusted terms in September (August: +0.4% mom).
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Finland: Harmonized inflation remains steady in October
November 14, 2022
Harmonized inflation was stable at September's 8.4% in October.
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Finland: Current account swings to surplus in September
November 11, 2022
The current account posted a EUR 0.4 billion surplus in September, rebounding from the EUR 0.5 billion deficit posted in August (September 2021: EUR 1.0 billion surplus).
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Finland: Harmonized inflation comes in at highest level since our records began
October 14, 2022
Harmonized inflation rose to 8.4% in September, following August’s 7.9%.
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Finland: Current account deficit falls in August
October 12, 2022
The current account posted a EUR 0.2 billion deficit in August, improving from the EUR 0.3 billion deficit clocked in July (August 2021: EUR 0.4 billion surplus).
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