Trade Balance in Finland
Finland - Trade Balance
A second national accounts release confirmed that the economy lost steam in Q3. The slowdown came on the back of more moderate private consumption growth and fixed investment swinging back into contraction. In contrast, the external sector contributed to overall growth. The recovery will have likely lost further traction in the final months of the year: In October, economic activity and retail sales contracted from the prior month, while industrial output slowed further. More positively, the unemployment rate dropped to a 19-month low in October, although higher price pressures likely dragged on spending. Meanwhile, the government has recently tightened entry restrictions, despite hitting its intended 80% vaccination rate, in a bid to tame Omicron’s spread. Regardless, economic sentiment hit all-time highs both in October and November, boding well for activity.Finland - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 2.2 | 0.1 | 1.7 | 0.3 | 2.9 |
Finland Trade Balance Chart
Source: Bank of Finland.
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 growth loses pace in October
December 15, 2021
Economic activity growth eased to a three-month low of 4.3% in year-on-year working-day adjusted terms in October, slowing from September’s 5.5% reading. October’s slowdown was broad-based, with the primary sector—which includes the agriculture, hunting, forestry and fishing subsectors—secondary production and the services sector all expanding at softer rates in November.
-
Finland: Inflation climbs to over ten-year high in November
December 14, 2021
Consumer prices increased 0.45% in November over the previous month, which was below October's 0.75% increase.
-
Finland: Current account swings to deficit in October
December 13, 2021
The current account recorded a EUR 1.9 billion deficit in October, swinging from September’s EUR 1.1 billion surplus (October 2020: 0.8 billion surplus).
-
Finland: GDP growth moderates in Q3
November 30, 2021
Economic growth lost steam in the third quarter, with GDP increasing 0.8% on a seasonally-adjusted quarter-on-quarter basis (Q2: +2.2% s.a.
-
Finland: Economic activity growth speeds up to three-month high in September
November 16, 2021
Economic activity rose to a three-month high of 5.0% year-on-year in working-day adjusted terms in September, accelerating from August’s 4.3% increase.
© Copyright: 2022. | Finland Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
