Finland's current account deficit increased to EUR 1.2 billion in March 2020 from EUR 0.5 billion in the same month a year earlier. The secondary income shortfall widened to EUR 259 million from EUR 181 million a year ago, and the primary income deficit rose to EUR 694 million from EUR 305 million, while the services gap went up to EUR 403 million from EUR 291 million. In addition, the goods account surplus narrowed to EUR 179 million from EUR 277 million in the prior year.

Current Account in Finland averaged 97 EUR Million from 1975 until 2020, reaching an all time high of 2117 EUR Million in October of 2009 and a record low of -4560 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 2020. source: Statistics Finland

Current Account in Finland is expected to be 120.00 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 450.00 in 12 months time. In the long-term, the Finland Current Account is projected to trend around 450.00 EUR Million in 2021, according to our econometric models.

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Finland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1178.00 -478.00 2117.00 -4560.00 1975 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-13 06:00 AM Dec €0.8B €-0.1B € 0.12B
2020-03-13 06:00 AM Jan €-0.2B €0.8B €0.1B
2020-04-14 05:00 AM Feb €-0.4B €0.16B €0.35B
2020-05-13 05:00 AM Mar €-1.20B €-0.5B €-0.55B
2020-06-12 05:00 AM Apr €-1.20B
2020-07-13 05:00 AM May
2020-08-13 05:00 AM Jun
2020-09-11 05:00 AM Jul


News Stream
Finnish Current Account Gap Widens in March
Finland's current account deficit increased to EUR 1.2 billion in March 2020 from EUR 0.5 billion in the same month a year earlier. The secondary income shortfall widened to EUR 259 million from EUR 181 million a year ago, and the primary income deficit rose to EUR 694 million from EUR 305 million, while the services gap went up to EUR 403 million from EUR 291 million. In addition, the goods account surplus narrowed to EUR 179 million from EUR 277 million in the prior year.
2020-05-13
Finnish Current Account Swings to Deficit
Finland posted a current account deficit of EUR 434 million in February 2020, compared to a EUR 162 million surplus in the same month a year earlier, as the goods account recorded a EUR 585 million gap, shifting from a EUR 114 million surplus in the prior year. Also, the secondary income shortfall widened to EUR 239 million from EUR 157 million. Meantime, the primary income surplus rose to EUR 617 million from EUR 453 million a year ago, while the services gap narrowed to EUR 227 million from EUR 249 million.
2020-04-14
Finland Current Account Swings to Deficit in January
Finland posted a current account deficit of EUR 215 million in January 2020, shifting from a surplus of EUR 46 million in the same month a year earlier. The goods account swung to a gap of EUR 39 million from a surplus of EUR 665 million the prior year and the secondary income deficit widened to EUR 277 million from EUR 128 million. Meantime, the primary income surplus widened to EUR 479 million from EUR 247 million a year ago, while the services account deficit narrowed to EUR 379 million from EUR 739 million.
2020-03-13
Finnish Current Account Swings to Surplus
Finland posted a current account surplus of EUR 788 million in December 2019, shifting from a gap of EUR 164 million in the same month a year earlier. The goods account swung to a surplus of EUR 735 million from a deficit of EUR 188 million the prior year. Also, the services account registered a surplus of EUR 136 million, compared to a gap of EUR 210 million. Meanwhile, the surplus of primary income narrowed to EUR 144 million from EUR 392 million a year ago, while the deficit of secondary income widened to EUR 226 million from EUR 158 million.
2020-02-13

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).