Current Account in Finland
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 |
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 |
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Economic News
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Finland: Economic activity declines at steeper pace in August
October 15, 2020
Economic activity decreased 3.3% year-on-year in working-day adjusted terms in August, down from July’s 2.7% drop.
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Finland: Inflation ticks down in September
October 14, 2020
Consumer prices remained flat in September over the previous month, after the mild 0.02% increase recorded in August.
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Finland: Current account records surplus in August
October 13, 2020
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.
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Finland: Decline in economic activity softens further in July
September 15, 2020
Economic activity decreased 2.8% year-on-year in working-day adjusted terms in July.
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Finland: Inflation decreases slightly in August
September 14, 2020
Consumer prices ticked up a mild 0.02% in August over the previous month, following the 0.36% increase recorded in July.
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