Finland’s current account shifted to a surplus of EUR 0.79 billion in June 2019 from a deficit of EUR 1.1 billion in the corresponding month a year earlier. This marked the second straight month of surplus in current account, as the primary income account reversed to a surplus of EUR 0.78 billion from a gap of EUR 0.74 billion a year earlier, while the surplus of goods account rose to EUR 0.35 billion from 0.14 billion. In addition, the deficit of services account (0.23 billion from 0.31 billion) and that of secondary income (EUR 0.11 billion from EUR 0.18 billion) narrowed. Current Account in Finland averaged 100.78 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 -3931 EUR Million in April of 2019.
Current Account in Finland is expected to be 50.00 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.