Finland's current account deficit declined sharply to EUR 586 million in March 2023 from EUR 1,746 in the same month of the previous year, with the gap of primary income falling to EUR 222 million from EUR 355 million the year before. Meanwhile, the goods account posted a surplus of EUR 752 million, reversing from a shortfall of EUR 795 million. At the same time, the deficit of service account jumped to EUR 851 million from EUR 360 million in the prior year while that of secondary income increased to EUR 265 million from EUR 236 million. source: Statistics Finland

Current Account in Finland averaged 78.36 EUR Million from 1975 until 2023, reaching an all time high of 2117.00 EUR Million in October of 2009 and a record low of -4365.00 EUR Million in April of 2019. This page provides the latest reported value for - Finland Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2023.

Current Account in Finland is expected to be -400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Current Account is projected to trend around -230.00 EUR Million in 2024 and -200.00 EUR Million in 2025, according to our econometric models.

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Finland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-04-12 05:00 AM Feb €-0.3B €0.3B €-0.3B
2023-05-12 05:00 AM Mar €-0.6B €-0.7B €-1.4B
2023-06-12 05:00 AM Apr €-0.6B €-3.6B


Related Last Previous Unit Reference
Balance of Trade 65.00 -695.00 EUR Million Mar 2023
Current Account -586.00 -676.00 EUR Million Mar 2023
Exports 7675.00 4975.00 EUR Million Mar 2023
Imports 7610.00 5670.00 EUR Million Mar 2023
External Debt 569274.00 629170.00 EUR Million Dec 2022
Terms of Trade 98.30 97.70 points Apr 2023
Capital Flows -568.00 801.00 EUR Million Mar 2023
Foreign Direct Investment 76189.00 73725.00 EUR Million Dec 2021
Tourist Arrivals 195109.00 201932.00 Mar 2023

Finland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-586.00 -676.00 2117.00 -4365.00 1975 - 2023 EUR Million Monthly

News Stream
Finnish Current Account Deficit Narrows Sharply
Finland's current account deficit declined sharply to EUR 586 million in March 2023 from EUR 1,746 in the same month of the previous year, with the gap of primary income falling to EUR 222 million from EUR 355 million the year before. Meanwhile, the goods account posted a surplus of EUR 752 million, reversing from a shortfall of EUR 795 million. At the same time, the deficit of service account jumped to EUR 851 million from EUR 360 million in the prior year while that of secondary income increased to EUR 265 million from EUR 236 million.
2023-05-12
Finnish Current Account Deficit Narrows
Finland's current account deficit declined to EUR 274 million in February 2023 from EUR 462 in the same month of the previous year. The gap of services account widened to EUR 525 million from EUR 453 million a year ago while that of the secondary income shortfall increased to EUR 205 million from EUR 180 million. Meanwhile, the balance of goods account shifted to a surplus of EUR 155 million from a gap of EUR 319 million in the prior year. At the same time, the primary income surplus decreased to EUR 301 million from EUR 490 million.
2023-04-12
Finnish Current Account Swings to Surplus
Finland posted a current account surplus of EUR 248 million in January 2023, shifting from a deficit of EUR 419 million in the same month of the previous year. The goods account registered a surplus of EUR 559 million, switching from a gap of EUR 294 million in the previous year, while the primary income surplus narrowed to EUR 409 million from EUR 522 million a year ago, and the secondary income gap fell to EUR 246 million from EUR 265 million. On the other hand, the services account deficit widened to EUR 474 million from EUR 382 million.
2023-03-10