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
|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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November 15, 2022
Economic activity increased 0.6% month-on-month in seasonally adjusted terms in September (August: +0.4% mom).
November 14, 2022
Harmonized inflation was stable at September's 8.4% in October.
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).
October 14, 2022
Harmonized inflation rose to 8.4% in September, following August’s 7.9%.
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).