International Reserves in Finland
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 |
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 contracts at softest pace in ten months in November
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).
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Finland: Inflation stable for fifth month running in December
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.
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Finland: Current account swings to deficit in November
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.
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Finland: Contraction in economic activity softens 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).
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Finland: Inflation remains stable in November
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.
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