Finland's current account surplus narrowed to EUR 267 million in August of 2020 from EUR 309 million in the corresponding month of the previous year. The surplus of primary income fell to EUR 369 million from EUR 448 million the previous year, while the shortfall of secondary income widened to EUR 230 million from EUR 195 million, and the services account shifted to a gap of EUR 100 million from a surplus of EUR 135 million. Meanwhile, the goods account posted a surplus of EUR 228 million, compared to a deficit of EUR 79 million a year earlier.

Current Account in Finland averaged 96.52 EUR Million from 1975 until 2020, reaching an all time high of 2117 EUR Million in October of 2009 and a record low of -4434 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 October of 2020. source: Statistics Finland

Current Account in Finland is expected to be 100.00 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 -200.00 in 12 months time. In the long-term, the Finland Current Account is projected to trend around 80.00 EUR Million in 2021 and 70.00 EUR Million in 2022, according to our econometric models.

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Finland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
267.00 -97.00 2117.00 -4434.00 1975 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-13 05:00 AM May €-0.60B €-0.2B €-0.95B
2020-08-13 05:00 AM Jun €-0.40B €-0.41B €-0.8B
2020-09-11 05:00 AM Jul €-0.12B €-0.42B €-0.5B
2020-10-13 05:00 AM Aug €0.30B €-0.1B €-0.35B
2020-11-13 06:00 AM Sep €0.3B €0.15B
2020-12-11 06:00 AM Oct €0.28B


News Stream
Finland Current Account Surplus Narrows
Finland's current account surplus narrowed to EUR 267 million in August of 2020 from EUR 309 million in the corresponding month of the previous year. The surplus of primary income fell to EUR 369 million from EUR 448 million the previous year, while the shortfall of secondary income widened to EUR 230 million from EUR 195 million, and the services account shifted to a gap of EUR 100 million from a surplus of EUR 135 million. Meanwhile, the goods account posted a surplus of EUR 228 million, compared to a deficit of EUR 79 million a year earlier.
2020-10-13
Finland Posts Current Account Gap in July
Finland reported a current account deficit of EUR 121 million in July of 2020, compared to a EUR 146 million surplus in the corresponding month of the previous year. The shortfall of services account jumped to EUR 325 million from EUR 49 million in July 2019, and that of the secondary income widened to EUR 232 million from EUR 180 million. At the same time, the primary income surplus narrowed to EUR 470 million from EUR 532 million a year ago. Meanwhile, the good account gap plunged to EUR 34 million from EUR 156 million.
2020-09-11
Finnish Current Account Swings to Deficit
Finland posted a current account deficit of EUR 417 million in June of 2020, compared to a EUR 449 million surplus in the corresponding month of the previous year. The services account registered a EUR 272 million deficit, compared to EUR 68 million surplus a year earlier. Also, while the primary income recorded a EUR 280 million deficit, swinging from a EUR 368 million surplus. In addition, the secondary income shortfall widened to EUR 170 million from EUR 138 million. Meantime, the goods surplus widened to EUR 304 million from EUR 151 million in June of 2019.
2020-08-13
Finnish Current Account Balance Swings to Deficit in May
Finland posted a current account deficit of EUR 567 million in May of 2020, compared to a EUR 228 million surplus in the corresponding month of the previous year. The goods account recorded a EUR 63 million gap, switching from a EUR 16 million surplus in May of 2019, and the primary income recorded a EUR 389 million deficit, swinging from a EUR 451 million surplus. Also, the secondary income shortfall widened to EUR 181 million from EUR 160 million. On the other hand, the services account registered a EUR 66 million surplus, compared to EUR 79 million gap a year earlier.
2020-07-13

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).