Finland skyline

Current Account in Finland

Finland Current Account

Current account posts narrower deficit in June

The current account posted a EUR 0.2 billion deficit in June, improving from the EUR 0.8 billion deficit recorded in May (June 2022: EUR 0.2 billion deficit). Meanwhile, the 12-month trailing current account deficit was stable, coming in at EUR 4.9 billion in June (May: EUR 4.9 billion deficit).

The merchandise trade balance worsened marginally from the previous month, recording a EUR 0.4 billion surplus in June (May 2023: EUR 0.5 billion surplus). Merchandise exports dived 16.7% year-on-year in June, following May’s 7.2% drop. June’s result marked the worst decline since May 2020. Additionally, merchandise imports plummeted 19.5% on an annual basis in June (May: -16.9% yoy).

Finland Current Account Chart

This chart displays Current Account Balance (% of GDP) for Finland from 2013 to 2022.

Finland Current Account Data

2018 2019 2020 2021 2022
Current Account Balance (% of GDP) -1.8 -0.3 0.5 0.4 -2.5
Current Account Balance (EUR bn) -4.3 -0.7 1.3 1.0 -6.8

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