Money in Estonia

Estonia Money | Economic News & Forecasts

Estonia - Money

After surpassing pre-pandemic levels in Q2, the economy likely lost momentum in Q3, partly as a result of a less favorable base effect. Accordingly, available data is somewhat downbeat overall: Industrial production lost significant steam in July–August, as producer prices grew at rates not seen since 1996 amid increasing energy costs. Meanwhile, despite improving slightly in sequential terms, foreign tourist arrivals remained down on an annual basis in the first two months of the quarter. On a brighter note, unemployment was lower in the same period and economic sentiment rose slightly throughout Q3. Turning to Q4, the inoculation campaign is advancing solidly, with 56% of the population fully vaccinated by late October, which looks promising for domestic activity ahead. That said, higher energy prices on average will likely hamper momentum in the final stretch of the year.

Estonia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)11.6  9.5  5.8  10.5  9.5  

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Estonia Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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