Finland recorded a Current Account deficit of 0.80 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Finland averaged 0.69 percent from 1980 until 2019, reaching an all time high of 8.20 percent in 2002 and a record low of -5.40 percent in 1991. This page provides - Finland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Current Account to GDP - values, historical data and charts - was last updated on May of 2020. source: Eurostat

Current Account to GDP in Finland is expected to reach -1.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Current Account to GDP is projected to trend around -1.20 percent in 2021 and -1.40 percent in 2022, according to our econometric models.

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Finland Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -1.60 8.20 -5.40 1980 - 2019 percent Yearly

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -270.00 -746.30 1749.00 -796.00 EUR Million [+]
Current Account -1178.00 -478.00 2117.00 -4560.00 EUR Million [+]
Current Account to GDP -0.80 -1.60 8.20 -5.40 percent [+]
Imports 5275.00 5140.00 6053.50 311.30 EUR Million [+]
Exports 5005.00 4393.70 6451.00 190.90 EUR Million [+]
External Debt 528337.00 579944.00 579944.00 203416.00 EUR Million [+]
Terms of Trade 98.80 97.70 145.60 93.20 points [+]
Capital Flows -69.00 -2733.00 7922.00 -10347.00 EUR Million [+]
Foreign Direct Investment 62448.00 75031.00 76643.00 5356.00 EUR Million [+]
Gold Reserves 49.10 49.14 49.14 49.05 Tonnes [+]
Terrorism Index 2.03 2.50 2.50 0.00 [+]
Tourist Arrivals 104533.00 251297.00 423155.00 72455.00 Units [+]
Weapons Sales 68.00 58.00 137.00 1.00 USD Million [+]


Finland Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.