Public Debt in Estonia
Estonia - Public DebtQ1 GDP likely grew at a healthy annual pace. However, the expansion will have been slower than in Q4, and the economy likely registered a contraction in quarter-on-quarter terms. Looking at available indicators, industrial activity in January–March grew at a softer year-on-year pace than in Q4. Meanwhile, retail sales growth also eased amid the red-hot inflation rate and the Omicron wave, although a tight labor market, government aid and pent-up savings likely sheltered spending somewhat. In Q2, industrial activity is likely suffering from global commodity market shocks: Producer prices in April were at a 27-year high. That said, entry requirements for international travelers were eased on 1 April, which should be supporting tourism. In May, Estonia adopted a nearly EUR 900 million supplementary budget for defense spending, energy security and refugee aid, which should boost domestic demand.
Estonia - Public Debt Data
|Public Debt (% of GDP)||10.0||10.2||9.3||8.4||8.4|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 7, 2022
Harmonized inflation came in at 22.5% in October, which was down from September’s 24.1%.
November 1, 2022
Industrial output sank 7.5% year-on-year in seasonally and calendar-adjusted terms in September, which contrasted August's 0.7% increase.
October 7, 2022
Harmonized inflation came in at 24.1% in September, down from August’s 25.2%.
October 3, 2022
Industrial production grew 0.8% year on year in seasonally and calendar-adjusted terms in August (July: -6.5% ).
September 7, 2022
Harmonized inflation came in at 25.2% in August, which was up from July’s 23.2%.