Current Account in Estonia

Estonia Current Account (EUR bn) | Economic News & Forecasts

Estonia - Current Account (billions of Euros)

Growth lost considerable pace in the second quarter. Slower total consumption dented domestic demand growth in Q2, as public spending growth came to near a halt and household consumption decelerated sharply, amid intensifying inflationary pressures and a jump in the unemployment rate. That said, fixed investment surged in the quarter, driven by booming private sector activity. On the external front, export growth fell, while import growth jumped—reflecting an upturn in fixed investment—thus weighing on the overall expansion. Turning to Q3, metrics appear largely downbeat. In July, both industrial production and exports contracted for a second consecutive month, while business sentiment fell into pessimistic territory, where it stayed in August. That said, consumer demand was seemingly strong, reflected in booming retail sales in July and a jump in consumer confidence in August.

Estonia - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)0.1  0.2  0.4  0.4  0.8  

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Estonia Current Account (EUR bn) 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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