Current Account in Finland
Finland - Current Account (billions of Euros)
Current account deficit shrinks in May
The current account recorded a EUR 1.6 billion deficit in May, improving from the EUR 2.3 billion deficit booked in April (May 2021: EUR 0.2 billion surplus). Meanwhile, the 12-month trailing current account deficit deepened, coming in at EUR 3.2 billion in May (April: EUR 1.5 billion deficit).
The merchandise trade balance remained unchanged from the previous month, recording a EUR 0.2 billion shortfall in May (April 2022: EUR 0.2 billion deficit). Merchandise exports jumped 30.9% in annual terms in May, following April’s 27.0% jump. Meanwhile, merchandise imports jumped 46.2% over the same month last year in May (April: +34.2% yoy), marking the strongest reading since December 2021.
Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 0.4 billion surplus in May, compared to the USD 1.1 billion surplus in April.
FocusEconomics Consensus Forecast panelists see a deficit of 0.4% of GDP in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, panelists project a deficit of 0.2% 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 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Finland: Monthly economic activity dips in May
July 15, 2022
Economic activity dropped 0.2% month on month in seasonally-adjusted terms in May (April: +0.5% mom).
-
Finland: Inflation comes in at highest level since our records began
July 14, 2022
Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase.
-
Finland: Current account deficit shrinks in May
July 12, 2022
The current account recorded a EUR 1.6 billion deficit in May, improving from the EUR 2.3 billion deficit booked in April (May 2021: EUR 0.2 billion surplus).
-
Finland: Inflation comes in at highest level since February 1990 in May
June 14, 2022
Consumer prices increased 1.31% over the previous month in May, accelerating from the 0.32% rise logged in April.
-
Finland: Economic activity records quickest growth since June 2021 in March
May 17, 2022
Economic activity rose 5.4% year-on-year in working-day adjusted terms in March, which was above February's 3.6% increase.
© Copyright: 2022. | Finland Current Account | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
