Finland recorded a Current Account surplus of 0.30 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Finland averaged 0.69 percent from 1980 until 2020, 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 June of 2021.

Current Account to GDP in Finland is expected to reach 1.40 percent by the end of 2021, 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 1.30 percent in 2022 and 1.20 percent in 2023, according to our econometric models.

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Finland Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.30 8.20 -5.40 1980 - 2020 percent of GDP Yearly

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -265.00 -297.00 1749.60 -795.40 EUR Million [+]
Current Account -644.00 -748.00 2117.00 -4431.00 EUR Million [+]
Current Account to GDP 0.30 -0.30 8.20 -5.40 percent of GDP [+]
Imports 5530.00 6019.00 6053.50 311.30 EUR Million [+]
Exports 5265.00 4813.00 6451.10 190.90 EUR Million [+]
External Debt 587818.00 529347.00 587818.00 203416.00 EUR Million [+]
Terms of Trade 98.50 98.10 145.60 93.20 points [+]
Capital Flows 2732.00 353.00 7922.00 -10392.00 EUR Million [+]
Foreign Direct Investment 76394.00 62945.00 76643.00 5356.00 EUR Million [+]
Gold Reserves 49.14 49.14 49.14 49.05 Tonnes [+]
Weapons Sales 12.00 27.00 121.00 1.00 SIPRI TIV Million [+]
Terrorism Index 1.72 2.03 2.50 0.00 [+]
Tourist Arrivals 18151.00 18588.00 423155.00 3596.00 Persons [+]


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.