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

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 November of 2020.

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 -380.00 -256.00 1749.00 -796.00 EUR Million [+]
Current Account 105.00 62.00 2117.00 -4434.00 EUR Million [+]
Current Account to GDP -0.80 -1.60 8.20 -5.40 percent [+]
Imports 5265.00 4597.00 6054.00 311.30 EUR Million [+]
Exports 4885.00 4341.00 6451.00 190.90 EUR Million [+]
External Debt 574162.00 578236.00 579944.00 203416.00 EUR Million [+]
Terms of Trade 98.90 98.80 145.60 93.20 points [+]
Capital Flows -3874.00 -262.00 7922.00 -10347.00 EUR Million [+]
Foreign Direct Investment 76394.00 62945.00 76643.00 5356.00 EUR Million [+]
Gold Reserves 49.14 49.10 49.14 49.05 Tonnes [+]
Weapons Sales 24.00 42.00 138.00 1.00 USD Million [+]
Terrorism Index 2.03 2.50 2.50 0.00 [+]
Tourist Arrivals 65969.00 62375.00 423155.00 3487.00 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.