International Reserves in Finland
Finland - International Reserves
Current account deficit reduces in April
The current account deficit slimmed to EUR 0.3 billion in April, down markedly from the EUR 1.2 billion shortfall recorded in March 2020 and the EUR 4.6 billion deficit lodged in April 2019.
In the 12 months leading up to April, the current account balance logged a surplus of EUR 0.9 billion, up sharply from March’s EUR 3.3 billion deficit and marking the first surplus recorded for a 12-month period since September 2011.
The merchandise trade balance came in at a EUR 0.3 billion surplus in April following the EUR 0.2 billion surplus recorded in March (April 2019: EUR 0.3 billion deficit). Exports dropped 12.5% in April compared with the same month a year earlier, a faster rate than the 8.0% contraction in March, while imports tumbled 24.1% this month, having fallen 6.5% in the month prior.
FocusEconomics Consensus Forecast panelists project the current account to record a deficit of 1.1% of GDP in 2020, which is down 0.1 percentage points from last month’s estimate. In 2021, panelists foresee a current account deficit of 0.6% 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 |
Sample Report
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.
Economic News
-
Finland: Economic activity drops at sharpest rate in over a decade in April
June 16, 2020
Economic activity fell 7.9% year-on-year in working-day adjusted terms in April, worsening from March’s downwardly-revised 5.7% decrease (previously reported: -2.7% year-on-year) and marking the sharpest fall since November 2009. April’s downturn was driven by shrinking output in the services sector, which contracted at a markedly faster pace than in the month prior.
-
Finland: Consumer prices decline at more moderate pace in May
June 15, 2020
Consumer prices fell 0.02% in May over the last month, a softer drop than the 0.34% decline seen in April.
-
Finland: Current account deficit reduces in April
June 12, 2020
The current account deficit slimmed to EUR 0.3 billion in April, down markedly from the EUR 1.2 billion shortfall recorded in March 2020 and the EUR 4.6 billion deficit lodged in April 2019. In the 12 months leading up to April, the current account balance logged a surplus of EUR 0.9 billion, up sharply from March’s EUR 3.3 billion deficit and marking the first surplus recorded for a 12-month period since September 2011. The merchandise trade balance came in at a EUR 0.3 billion surplus in April following the EUR 0.2 billion surplus recorded in March (April 2019: EUR 0.3 billion deficit).
-
Finland: Economy records sharpest contraction since Q1 2015
May 29, 2020
GDP fell at a steeper rate of 0.9% on a seasonally-adjusted quarter-on-quarter basis in Q1 2020, coming in below the 0.6% contraction tallied in Q4 2019 and marking the second successive quarter of contracting activity.
-
Finland: Economic activity drops at sharpest rate in over seven years in March
May 15, 2020
Economic activity fell 2.7% year-on-year in working-day adjusted terms in March, contrasting February’s revised 1.2% increase (previously reported: +1.0% year-on-year) and marking the sharpest fall since March 2013. The broad-based decline was driven by shrinking output in both the secondary—which includes manufacturing and construction—and services sectors.
© Copyright: 2020. | Finland International Reserves | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
