Current Account in Finland

Finland Current Account | Economic News & Forecasts

Finland - Current Account

Current account deficit widens to a multi-decade high

The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006.

The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year.

In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March.

The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March. Exports fell 8.1% in April, down from the 1.5% decline in March, while imports rose 6.2%, contrasting March’s 5.2% fall.

Met the why particular Consensus Forecast panelists expect the current account to record a deficit of 1.0% of GDP in 2019. In 2020, panelists expect another current account deficit of 0.8% of GDP.

Finland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.9  -1.5  -0.9  -0.3  0.7  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Finland Current Account Chart


Finland Current Account
Note: Current account balance as % of GDP.
Source: Bank of Finland.

Finland Facts

ValueChangeDate
Bond Yield0.093.70 %Jun 11
Exchange Rate8.72-0.38 %Jun 14
Stock Market3,9010.0 %Jun 14

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

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.

Sign Up

Economic News

  • Finland: Current account deficit widens to a multi-decade high

    June 14, 2019

    The current account balance slumped to a EUR 4.2 billion deficit in April, deteriorating from March’s revised EUR 0.24 billion shortfall (previously reported: EUR 0.47 billion deficit) and representing the lowest reading since contemporary records began in January 2006. The main reason for April’s slump was a massive downturn in the primary income account balance, which was itself caused by a strong increase in investment income debits on the back of international company restructurings at the end of last year. In the 12 months leading up to April, the current account balance totaled a EUR 5.3 billion deficit, representing a deterioration from the EUR 1.9 billion shortfall in March. The trade balance fell to a EUR 0.2 billion deficit in April, contrasting the EUR 0.2 billion surplus in March.

    Read more

  • Finland: Inflation slows in May

    June 14, 2019

    Consumer prices fell 0.2% in May compared to the previous month, contrasting the 0.6% rise logged in April.

    Read more

  • Finland: Growth slumps in Q1

    May 29, 2019

    Economic growth slowed to 0.2% in seasonally-adjusted quarter-on-quarter terms in Q1 2019, according to a second GDP release by Statistics Finland.

    Read more

  • Finland: Current account deficit widens in March

    May 15, 2019

    The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).

    Read more

  • Finland: Inflation jumps in April

    May 14, 2019

    Consumer prices rose 0.6% in April compared to the previous month, up from 0.1% in March.

    Read more

Search form