Finland posted a current account surplus of EUR 174 million in November 2018, reversing from a gap of EUR 9 million in the same month a year earlier. The surplus of primary income surged to EUR 344 million from EUR 4 million a year ago. Also, the surplus of goods account increased markedly to EUR 152 million from EUR 124 million a year ago. Meanwhile, the services account showed a deficit of EUR 138 million, compared to a surplus of EUR 37 million; and the gap of secondary income widened to EUR 184 million from EUR 174 million in the previous year. Current Account in Finland averaged 101.84 EUR Million from 1975 until 2018, reaching an all time high of 1987.10 EUR Million in December of 2004 and a record low of -1815.90 EUR Million in April of 2005.
Current Account in Finland is expected to be -420.00 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.