Current Account in Finland

Finland Current Account (EUR bn) | Economic News & Forecasts

Finland - Current Account (billions of Euros)

Current account records surplus in August

The current account recorded a EUR 0.3 billion surplus in August, matching the surplus recorded in August last year, and swinging from the EUR 0.1 billion deficit recorded in the prior month. In the 12 months leading up to August 2020, the current account recorded a EUR 0.4 billion surplus, down from July’s EUR 0.5 billion surplus.

The merchandise trade reading showed a EUR 0.2 billion surplus in August, up from July’s balanced print, and swinging from the EUR 0.1 billion deficit recorded in August 2019. The result reflects a larger drop in imports than exports, while both decreased at sharper rates than in the previous month.

FocusEconomics Consensus Forecast panelists project the current account to record a deficit of 1.8% of GDP in 2020, which is unchanged from last month’s estimate. In 2021, panelists foresee a current account deficit of 1.2% of GDP, which is up 0.2 percentage points from last month’s forecast.

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  

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Finland Current Account (EUR bn) Chart

Finland Current Account
Note: Current account balance as % of GDP.
Source: Bank of Finland.

Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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