Finland posted a current account deficit of EUR 567 million in May of 2020, compared to a EUR 228 million surplus in the corresponding month of the previous year. The goods account recorded a EUR 63 million gap, switching from a EUR 16 million surplus in May of 2019, and the primary income recorded a EUR 389 million deficit, swinging from a EUR 451 million surplus. Also, the secondary income shortfall widened to EUR 181 million from EUR 160 million. On the other hand, the services account registered a EUR 66 million surplus, compared to EUR 79 million gap a year earlier.

Current Account in Finland averaged 95.11 EUR Million from 1975 until 2020, reaching an all time high of 2117 EUR Million in October of 2009 and a record low of -4515 EUR Million in April of 2019. This page provides the latest reported value for - Finland Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Finland

Current Account in Finland is expected to be 150.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Finland to stand at -1000.00 in 12 months time. In the long-term, the Finland Current Account is projected to trend around 80.00 EUR Million in 2021 and 70.00 EUR Million in 2022, according to our econometric models.

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Finland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-567.00 -183.00 2117.00 -4515.00 1975 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 05:00 AM Feb €-0.4B €0.16B €0.35B
2020-05-13 05:00 AM Mar €-1.20B €-0.5B €-0.55B
2020-06-12 05:00 AM Apr €-0.3B €-1.2B
2020-07-13 05:00 AM May €-0.60B €-0.2B €-0.95B
2020-08-13 05:00 AM Jun €-0.60B €-0.8B
2020-09-11 05:00 AM Jul €-0.5B
2020-10-13 05:00 AM Aug €-0.35B
2020-11-13 06:00 AM Sep €0.15B


News Stream
Finnish Current Account Balance Swings to Deficit in May
Finland posted a current account deficit of EUR 567 million in May of 2020, compared to a EUR 228 million surplus in the corresponding month of the previous year. The goods account recorded a EUR 63 million gap, switching from a EUR 16 million surplus in May of 2019, and the primary income recorded a EUR 389 million deficit, swinging from a EUR 451 million surplus. Also, the secondary income shortfall widened to EUR 181 million from EUR 160 million. On the other hand, the services account registered a EUR 66 million surplus, compared to EUR 79 million gap a year earlier.
2020-07-13
Finland Current Account Gap Narrows Sharply
Finland's current account deficit decreased sharply to EUR 0.3 billion in April 2020 from EUR 4.56 billion in the same month the previous year. This was the smallest current account gap since November last year, as the primary income shortfall narrowed noticeably to EUR 0.4 billion from EUR 3.81 billion a year ago. At the same time, the goods account posted a surplus of EUR 0.3 billion from a deficit of EUR 0.3 billion,.The services account also registered a surplus of EUR 0.02 billion, compared to a gap of EUR 0.2 billion. Meanwhile, the deficit of secondary income widened to EUR 0.3 billion from EUR 0.2 billion.
2020-06-12
Finnish Current Account Gap Widens in March
Finland's current account deficit increased to EUR 1.2 billion in March 2020 from EUR 0.5 billion in the same month a year earlier. The secondary income shortfall widened to EUR 259 million from EUR 181 million a year ago, and the primary income deficit rose to EUR 694 million from EUR 305 million, while the services gap went up to EUR 403 million from EUR 291 million. In addition, the goods account surplus narrowed to EUR 179 million from EUR 277 million in the prior year.
2020-05-13
Finnish Current Account Swings to Deficit
Finland posted a current account deficit of EUR 434 million in February 2020, compared to a EUR 162 million surplus in the same month a year earlier, as the goods account recorded a EUR 585 million gap, shifting from a EUR 114 million surplus in the prior year. Also, the secondary income shortfall widened to EUR 239 million from EUR 157 million. Meantime, the primary income surplus rose to EUR 617 million from EUR 453 million a year ago, while the services gap narrowed to EUR 227 million from EUR 249 million.
2020-04-14

Finland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).