International Reserves in Finland
Finland - International Reserves
Current account deficit deepens in March
The current account recorded a EUR 1.2 billion deficit in March, deteriorating from the EUR 0.3 billion deficit clocked in February- March 2021: EUR 0.7 billion deficitMeanwhile, in the 12 months leading up to March, the current account posted a EUR 0.7 billion surplus, compared to the EUR 1.2 billion surplus booked in February.
The merchandise trade balance deteriorated from the previous month, recording a EUR 0.5 billion deficit in March (February 2022: EUR 0.3 billion deficit). Merchandise exports soared 20.8% in annual terms in March, on the heels of February’s 22.3% jump. Meanwhile, merchandise imports shot up 33.6% on an annual basis in March (February: +29.5% yoy).
Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a EUR 1.8 billion surplus in March, compared to the EUR 2.5 billion surplus in February.
FocusEconomics Consensus Forecast panelists see a 0.1% surplus in 2022. In 2023, panelists project the current account to be balanced.
Finland - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (EUR) | 9.2 | 9.9 | 8.8 | 9.0 | 10.2 |
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: Current account deficit deepens in March
May 13, 2022
The current account recorded a EUR 1.2 billion deficit in March, deteriorating from the EUR 0.3 billion deficit clocked in February- March 2021: EUR 0.7 billion deficitMeanwhile, in the 12 months leading up to March, the current account posted a EUR 0.7 billion surplus, compared to the EUR 1.2 billion surplus booked in February. The merchandise trade balance deteriorated from the previous month, recording a EUR 0.5 billion deficit in March (February 2022: EUR 0.3 billion deficit).
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Finland: Inflation drops in April but remains elevated
May 13, 2022
Consumer prices increased 0.32% in April over the previous month, moderating from March's 1.45% increase.
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Finland: Inflation comes in at highest level since August 1990 in March
April 14, 2022
Consumer prices increased 1.45% over the previous month in March, accelerating from February's 0.51% increase.
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Finland: Economic activity growth slows in February
April 14, 2022
Economic activity expanded 2.9% year-on-year in working-day adjusted terms in February, which was a deterioration from January's 3.1% increase.
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Finland: Current account swings to deficit in February
April 12, 2022
The current account posted a EUR 0.1 billion deficit in February, deteriorating from the EUR 0.1 billion surplus recorded in January (February 2021: EUR 0.2 billion surplus).
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