Finland’s current account surplus increased to EUR 97 million in July 2019 from EUR 46 million in the same month a year earlier. The primary income surplus widened to EUR 817 million from EUR 793 million in July 2018 while the secondary income gap fell to EUR 90 million from EUR 175 million and the services deficit narrowed to EUR 311 million from EUR 415 million. Meantime, the goods deficit rose to EUR 318 million from EUR 158 million. Current Account in Finland averaged 100.40 EUR Million from 1975 until 2019, reaching an all time high of 2117 EUR Million in October of 2009 and a record low of -4971 EUR Million in April of 2019.
Current Account in Finland is expected to be 50.00 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 120.00 in 12 months time. In the long-term, the Finland Current Account is projected to trend around 450.00 EUR Million in 2020, according to our econometric models.