13.02.2019

The flash estimate1 put the Estonian current account at 13 million euros in deficit in December 2018. The goods and services account was in balance. Exports of goods in the balance of payments were at the same level as a year earlier, while imports were up 3%. This meant that the negative... more

14.01.2019

The flash estimate1 put the Estonian current account at 114 million euros in surplus in November 2018. The surplus on the goods and services account increased by 30 million euros from a year earlier to 163 million euros. Goods exports were up by 11% over the year and imports by 7%, and so the... more

14.12.2018

The flash estimate1 put the Estonian current account at 65 million euros in surplus in October 2018. The surplus on the goods and services account decreased by a tenth from a year earlier to 72 million euros. Exports and imports of goods were the largest of the year, as goods exports were up by... more

10.12.2018
Working Papers of Eesti Pank 8/2018 The paper seeks to determine the factors that drive the current account dynamics of the 11 EU members from Central and Eastern Europe (CEE). Panel data models are estimated on annual data for the period 1997–2017 and both domestic pull factors and... more
06.12.2018
  Ilmar Lepik Economist at Eesti Pank

Estonian exports of goods and services have grown more slowly in the first nine months of 2018 than in 2017, and imports have grown faster. Exports may have grown more slowly not only because growth in foreign demand has stalled, but also... more

06.12.2018
  • The surplus on the current account of the Estonian balance of payments was 77 million euros in the third quarter of 2018, or 1.2% of GDP, which was less than one third of the surplus in the third quarter of 2017. The decline in the surplus was mainly caused by substantial growth in the... more
13.11.2018

The flash estimate1 put the Estonian current account at 68 million euros in surplus in September 2018. Turnover was up on the previous September for both goods and services, though faster growth in imports meant the total surplus of goods and services shrank to 120 million euros. Goods exports... more

15.10.2018

The flash estimate1 put the Estonian current account at 43 million euros in surplus in August 2018. Turnover was up on the previous August for both goods and services, though faster growth in imports meant the total surplus of goods and services shrank to 108 million euros. Goods exports... more

13.09.2018

The flash estimate1 put the Estonian current account at 11 million euros in surplus in July 2018. Turnover was up strongly on the previous July for both goods and services, though faster growth in imports meant the total surplus of goods and services shrank by 69 million euros. Exports and... more

06.09.2018
Ilmar Lepik Adviser at Eesti Pank

Economic activity increased in the second quarter of 2018, and as a result the growth in goods exports recovered. The surplus in net exports of services meant that the external balance of the economy improved and the current account was in... more

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