Finland’s current account deficit surged to EUR 4.24 billion in April 2019 from EUR 0.83 billion in the corresponding month a year earlier. This was the largest current account gap on record, as the primary income deficit soared to EUR 3.70 billion from EUR 0.94 billion a year ago. Also, the goods account posted a shortfall of EUR 0.19 billion, swinging from a surplus of EUR 0.57 billion the preceding year. Meantime, the deficit of secondary income narrowed to EUR 0.11 billion from EUR 0.20 billion while the gap of.services account was little-changed at EUR 0.25 billion. Current Account in Finland averaged 97.91 EUR Million from 1975 until 2019, reaching an all time high of 1987.10 EUR Million in December of 2004 and a record low of -4244 EUR Million in April of 2019.
Current Account in Finland is expected to be -150.00 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.