Current Account in Estonia

Estonia Current Account | Economic News & Forecasts

Estonia - Current Account

Growth momentum appears to have been sustained through to the end of 2018, according to available data. Industrial production accelerated in Q4, as robust output growth in the all-important manufacturing sector more than offset tumbling mining production. Meanwhile, strong retail sales growth largely carried over into Q4, likely reflecting upbeat private consumption dynamics as unemployment fell to an over 10-year low in the quarter. Furthermore, the external sector remained resilient in Q4, as solid demand from outside the EU propelled double-digit growth in merchandise exports. Looking ahead, survey-based readings signal a slight loss of momentum in the run-up to March parliamentary elections: Consumer sentiment remained in negative territory, while business confidence dipped to an over two-year low in January.

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

ValueChangeDate
Exchange Rate1.120.65 %Mar 11
Stock Market1,251-0.38 %Mar 11

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