Current Account in Estonia

Estonia Current Account | Economic News & Forecasts

Estonia - Current Account

The economy likely slowed in the second quarter, on the heels of a robust first-quarter outturn which was supported by buoyant investment activity and a jump in public spending. Industrial output contracted for the first time in three years in Q2 amid weakening confidence among industrial producers. Furthermore, unemployment rose in Q2 which, coupled with a marked downturn in consumer sentiment in the quarter, points to softening private consumption dynamics. On the external front, metrics were also downbeat. Exports growth fell to an over three-year low in Q2 on faltering external demand, while a drop in tourist arrivals in the quarter boded ill for services exports. Turning to H2, the economic sentiment index slipped into negative territory in July, suggesting that the growth momentum weakened further at the outset of the third quarter.

Estonia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.5  0.8  1.8  2.0  3.2  

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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 Rate1.100.65 %Sep 04
Stock Market1,235-0.38 %Sep 04

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