Current Account Balance (As % of GDP) rose 23.0% to 1.09% in Finland in 2020

Current Account Balance (As % of GDP) (%), 2020
Economy | Finland | January 1, 2021
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Current account balance as a share of GDP rose 23.0% to 1.09% in Finland in 2020, according to the National Statistical Office.

Historically, current account balance as a share of GDP in Finland reached an all time high of 1.09% in 2020 and an all time low of -0.073% in 1975. When compared to Finland's main peers, current account balance as a share of GDP in Australia amounted to -2.96%, -2.27% in Indonesia, -3.79% in New Zealand and 22.3% in Papua New Guinea in 2020.

Finland has been ranked 44th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 9 places above the position seen 10 years ago.

Current Account Balance (As % of GDP) Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia % -0.027% -0.020% 0.006% -2.96% -2.80%
Finland % -0.009% -0.018% -0.005% 1.09% 1.10%
Indonesia % -0.016% -0.029% -0.027% -2.27% -2.24%
Malaysia % 0.028% 0.021% 2.31% 2.14% 1.91%
New Zealand % -0.027% -0.037% -0.029% -3.79% -3.58%
Papua New Guinea % 0.235% 0.226% 23.6% 22.3% 21.4%
Philippines % -0.007% -0.026% -0.009% -1.41% -1.33%
Singapore % 0.163% 0.172% 0.170% 17.8% 17.5%