International Reserves in Finland

Finland International Reserves | Economic News & Forecasts

Finland - International Reserves

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 - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (EUR)9.2  9.9  8.8  9.0  10.2  

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Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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