Estonia's Balance of Payments for 2013

In summary, despite the deceleration of economic growth, the development of Estonia's economy was much more balanced in 2013. The debt burden of households continued to decrease and their savings increased. Estonia's general government debt was still the lowest in the European Union despite a small increase. The private sector's savings still exceeded investments in fixed capital and expenses on increases in inventories, while Estonia's external debt assets exceeded liabilities by 4.9% of GDP.