Finland’s current account deficit narrowed sharply to EUR 37 million in February 2019 from EUR 184 million in the same month a year earlier. The surplus of goods account soared to EUR 148 million from EUR 9 million a year ago and the surplus of primary income increased to EUR 194 million from EUR 154 million. At the same time, the deficit of secondary income narrowed to EUR 187 million from EUR 238 million in the previous year while the deficit of services account widened to EUR 191 million from EUR 109 million the prior year. Current Account in Finland averaged 103.84 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 -1815.90 EUR Million in April of 2005.
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.