Exchange Rate in Estonia
Estonia - Exchange Rate
GDP contracted for the first time in 10 years in the first quarter, as government measures to curb the spread of Covid-19 constrained activity. Lockdown measures imposed in March shut down all non-essential businesses and forced households to cut back on spending, suppressing private consumption in Q1. Similarly, fixed investment contracted and exports dived in Q1 as the pandemic battered the tourism industry and extinguished foreign demand. Turning to the second quarter, the economic panorama has darkened further. Both consumer sentiment and business sentiment plunged to multi-year lows in April, suggesting that private spending and investment activity plummeted at the outset of Q2. Despite the gradual easing of lockdown restrictions in May, economic conditions remain dire into early June, amid sustained social-distancing measures and eviscerated foreign demand for exports.Estonia - Exchange Rate Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | - | - | - | - | - |
Estonia Exchange Rate Chart
Source: Thomson Reuters.
Estonia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Estonia: Industrial output contacts at sharpest pace in over a decade in April
May 29, 2020
Industrial production sank 16.9% year-on-year in April (March: -8.7% yoy).
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Estonia: GDP contracts for the first time in a decade
May 29, 2020
GDP shrank 0.7% in year-on-year terms in Q1 2020 (Q4 2019: +3.9 yoy), marking the first contraction since Q1 2010 as Covid-19 took its toll.
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Estonia: Industrial output edges down in February
April 10, 2020
Industrial output fell 0.2% in annual working-day-adjusted terms in February, following a sharp 11.7% contraction in the opening month of the year and marking the softest contraction in output since May 2019.
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Estonia: Inflation drops to 41-month low in March
April 7, 2020
Consumer prices in March fell 0.7% over the previous month, contrasting February’s 0.5% month-on-month increase and marking the sharpest contraction in over four years.
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Estonia: Contraction in industrial output hits over 10-year high in January
March 10, 2020
Industrial output dived 11.2% in annual working-day-adjusted terms in January, following a 10.0% year-on-year contraction recorded in the closing month of last year.
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