12.06.2019

The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more

19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2018

The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter  the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more

22.12.2017
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2017
  • The economy is in its best position since the crisis
  • The economy will grow more slowly in the years ahead, as the strong growth in foreign markets is fading and available production capacity in the economy is becoming exhausted
  • The government is giving an additional... more
14.06.2017
  • Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased
  • Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term
  • As growth is... more
14.12.2016
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
13.12.2016
  • Investment has fallen for three years and this has reduced the potential for growth in the coming years
  • Funding an increase in government spending from a budget deficit may boost growth in the short term, but may harm competitiveness in the long term
  • Improving... more
08.06.2016
  • An improved external environment and higher productivity are boosting economic growth
  • Rising food and energy prices will put an end in the second half of the year to the deflation that has been present for two years
  • Wage pressures have not eased, and growth in the... more
27.04.2016
  • The risks to financial stability in Estonia in the near future are small
  • The ability of households to repay their loans remains good and is supported by rapid growth in incomes
  • The ability of companies to repay loans may deteriorate in future if profitability continues... more
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