Current Account in Finland

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

Finland - Current Account (billions of Euros)

Current account surplus widens in October

The current account recorded a EUR 0.5 billion surplus in October, matching the surplus recorded in October last year, and increasing from September’s EUR 0.1 billion surplus. In the 12 months leading up to October, the current account recorded a EUR 0.4 billion deficit, matching September’s reading.

The merchandise trade print recorded a EUR 0.4 billion surplus in October, matching October 2019’s surplus, and up from September’s EUR 0.1 billion surplus. The result reflects an increase in exports and a slight decrease in imports over the month prior.

Meanwhile, the financial account recorded a EUR 5.5 billion net capital inflow in October, down from the EUR 9.2 billion net inflow recorded in October last year, but markedly up from September’s EUR 3.9 billion net inflow. The reading reflects large inflows from portfolio investments, while outflows were in the form of direct investments.

FocusEconomics Consensus Forecast panelists project the current account to record a deficit of 1.0% of GDP in 2021, which is up 0.1 percentage points from last month’s estimate. In 2022, panelists foresee a current account deficit of 1.1% 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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