Finland Current Account Swings to Deficit in July

Finland’s current account swung to a EUR 242 million deficit in July 2026 from a EUR 1,960 million surplus in the corresponding month of the previous year. The deterioration was largely driven by a sharp decline in the goods account surplus, which narrowed to EUR 232 million from EUR 2,117 million a year earlier. At the same time, the services deficit widened to EUR 718 million from EUR 590 million, while the primary income surplus decreased to EUR 439 million from EUR 581 million. Meanwhile, the secondary income shortfall increased to EUR 195 million from EUR 148 million.

Finland's current account surplus widened to EUR 2,830 million in June 2026 from EUR 1,282 million in the corresponding month of the previous year. This marked the largest current account surplus on record, largely as the goods account surplus climbed sharply to EUR 2,797 million in June from EUR 1,063 million a year earlier. At the same time, the primary income surplus increased to EUR 903 million from EUR 744 million in June 2025. Meanwhile, a wider deficit was recorded in the services account, which expanded to EUR 693 million from EUR 369 million, while the secondary income shortfall also rose to EUR 178 million from EUR 155 million.

Finland’s current account recorded a deficit of EUR 562 million in May 2026, shifting from a surplus of EUR 367 million in the corresponding month of the previous year. The goods account surplus narrowed to EUR 328 million from EUR 678 million a year earlier, as exports rose 10% year-on-year to EUR 7. 1billion, while imports climbed 17% to EUR 6.7 billion. Additionally, the shortfall on the services account expanded to EUR 838 million from EUR 186 million, as well as the income redistribution to EUR 206 million from EUR 176 million. On the other hand, the primary income posted a surplus of EUR 154 million, nearly three times wider than EUR 52 million a year ago.