Trade Balance in Finland

Finland Trade Balance | Economic News & Forecasts

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  

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Finland Trade Balance Chart


Finland Trade
Note: Trade balance (in EUR bn).
Source: Bank of Finland.

Finland Facts

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

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