Finland skyline

Finland Merchandise Trade Balance (EUR bn)

Merchandise Trade Balance in Finland

The economy’s rebound beat expectations in Q1, when it grew at the fastest quarter-on-quarter pace since Q2 2021, according to a flash estimate. Improving monthly economic activity in March will have outweighed weaker readings at the start of Q1. Moderating inflation, a lower unemployment rate and improving consumer sentiment compared to Q4 will have supported activity. Nevertheless, the improvement in GDP growth was likely underpinned by domestic activity, as merchandise exports declined quarter on quarter, weighed on by the EU slowdown. Turning to Q2, our panel expects the economy to be grinding to a halt. Harmonized inflation remained elevated at historical levels in April, with the pace of moderation slowing from previous months. An uptick in the unemployment rate in the same month and the ECB’s May rate hike should be further discouraging spending.

Finland Merchandise Trade Balance Chart

This chart displays Merchandise Trade Balance (EUR bn) for Finland from 2013 to 2022.

Finland Merchandise Trade Balance Data

2017 2018 2019 2020 2021
Merchandise Trade Balance (EUR bn) 1.5 0.3 2.3 2.7 2.3

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