Current Account in Finland

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

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  

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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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