Current Account in Estonia

Estonia Current Account | Economic News & Forecasts

Estonia - Current Account

Estonia’s president approved a coalition government led by the Center Party on 23 April, following the Reform Party’s unsuccessful attempt to secure a parliamentary majority. Although the new government includes the euroskeptic, hardline anti-immigrant EKRE, incumbent Prime Minister Juri Ratas is set to keep his seat and has promised no changes to Estonia’s pro-Western posture. Among the new government’s priorities are revamping the pension system—against the recommendation of the Central Bank—and taking a harder stance on a long-delayed infrastructure project. Moreover, it is set to contest the European Union’s budget rules, which could bruise relations with the bloc. Against this backdrop, growth seems to have lost steam since the outset of the year. Economic sentiment was weak through the first quarter, while industrial output and exports each decelerated in January-February.

Estonia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.5  0.3  2.0  1.9  3.1  

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Estonia Current Account Chart

Estonia Current Account
Note: Current account balance as % of GDP.
Source: Statistics Estonia and FocusEconomics calculations.

Estonia Facts

Exchange Rate1.120.65 %May 13
Stock Market1,254-0.38 %May 13

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