Current Account in Estonia

Estonia Current Account | Economic News & Forecasts

Estonia - Current Account

The economy accelerated in the third quarter, led by a marked improvement in the external sector as export growth more than doubled and imports cooled. On a less positive note, domestic demand hit another speedbump in Q3. Household spending halved and fixed investment decelerated sharply in the quarter chiefly due to contracting public investment activity and a slowing inflow of EU development funds; public spending, however, jumped. Turning to the fourth quarter, private sector conditions seem to have weakened as industrial output contracted in October and business confidence dipped to an over four-year low in November. In addition, slumping retail sales in October and deteriorating consumer sentiment in October–November suggest consumer spending lost further traction in the 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 Rate1.120.65 %Dec 31

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