External Debt in Finland
Finland - External Debt
Current account swings to deficit in November
The current account recorded a EUR 0.1 billion deficit in November, swinging from the EUR 0.3 billion surplus recorded the same month last year and from the EUR 0.4 billion surplus clocked in October. In the 12 months leading up to November, the current account recorded a EUR 0.2 billion surplus, notably down from the month prior.
The merchandise trade print recorded a EUR 0.3 billion surplus in November, matching November 2019’s surplus, and down from October’s EUR 0.4 billion surplus. The result reflects a decrease in exports and a milder decrease in imports over the month prior.
Meanwhile, the financial account recorded a EUR 0.4 billion net capital inflow in October, down from November 2019’s EUR 2.7 billion new inflow, and from the EUR 5.8 billion net inflow recorded in October. The reading reflected large inflows from portfolio investments, which were partly offset by outflows 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 unchanged from last month’s estimate. In 2022, panelists foresee a current account deficit of 1.0% of GDP.
Finland - External Debt Data
|External Debt (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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.
January 15, 2021
Economic activity dropped 0.4% year-on-year in working-day adjusted terms in November, following the 1.8% fall recorded in October (previously reported: -1.9% year-on-year).
January 14, 2021
Consumer prices increased 0.14% in December over the previous month, swinging from November’s 0.17% decrease and marking the strongest price increase in five months.
January 12, 2021
The current account recorded a EUR 0.1 billion deficit in November, swinging from the EUR 0.3 billion surplus recorded the same month last year and from the EUR 0.4 billion surplus clocked in October.
December 15, 2020
Economic activity decreased 1.9% year-on-year in working-day adjusted terms in October, following the 2.1% contraction recorded in September (previously reported: -3.2% year-on-year).
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.