Current Account in Estonia

Estonia Current Account | Economic News & Forecasts

Estonia - Current Account

Following a return to pre-pandemic levels in Q2, the economy likely lost some momentum in Q3, partly due to a less favorable base effect. Accordingly, available data is somewhat downbeat: Industrial production lost significant steam in the quarter. Meanwhile, despite improving slightly in sequential terms, foreign arrivals remained down on an annual basis in July–August. On a brighter note, international tourism doubled year-on-year in September, while unemployment was lower and economic sentiment rose slightly in Q3. Moving forward, the fourth quarter seemingly had a rough start, marked by rising Covid-19 infection rates, with new daily cases peaking in early November. In other news, on 4 November the government approved a USD 88 million aid package to support consumers facing higher energy prices.

Estonia - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)1.8  1.7  2.7  2.0  2.8  

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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

Value Change Date
Exchange Rate1.120.65 %Dec 31

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