08.09.2016
Kristo Aab Economist at Eesti Pank
  • The current account surplus was smaller than that of a year ago
  • Exports from the main branches of services other than transport services are at record levels
  • Flows of direct investment were in balance

... more

08.09.2016

The financial account of the balance of payments shows that investment abroad from Estonia was 236 million euros larger in the second quarter of 2016 than investment in Estonia. The net outflow of capital was caused by the intra-group loan liabilities of financial intermediation companies and... more

08.09.2016

The Estonian current account was in surplus in the second quarter of 2016 by 104 million euros, or 2% of GDP, which was less than half of the surplus of a year previously. This was mainly due to the increased deficit on the goods account, and to a lesser extent on the primary income account. The... more

09.06.2016

The financial account of the balance of payments shows that investment in Estonia was 126 million euros larger in the first quarter of 2016 than investment abroad from Estonia. The net inflow of capital was caused by direct investment in non-financial corporations and foreign aid from the... more

09.06.2016

The current account of the Estonian balance of payments was in deficit by 112 million euros, or 2.3% of GDP, in the first quarter of 2016. The current account balance has been negative in the first quarter of the year for seven consecutive years now. This is mainly because of seasonal factors,... more

10.03.2016
Kristo Aab Economist at Eesti Pank
  • The current account surplus of 394 million euros in 2015 was twice as large as in 2014
  • Imports of goods declined faster in 2015 than exports of goods did
  • Estonian assets abroad increased in the fourth quarter by more... more
10.03.2016

In 2015 Estonia was again a net lender to other countries. Net external funding was made up of the investments of pension funds in securities and the claims of the general government against the European Union. Pension funds invested 224 million euros in foreign securities, while the foreign... more

28.01.2016

In a presentation at the annual conference of the Estonian Economic Association, Ardo Hansson, Governor of Eesti Pank, explained that the competitiveness of the exporting sector has been under higher pressure than before, as was shown by the loss of market share in export markets in 2015.

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09.12.2015

The net outflow of capital shown in the financial account of the balance of payments was 214 million euros in the third quarter of 2015 because of investments by pension funds and the general government in debt securities. The general government invested 125 million euros in foreign debt... more

08.09.2015

The Estonian economy was a net supplier of external finance in the second quarter of 2015 for the fifth consecutive quarter. The outflow of capital reflected in the financial account of the balance of payments was 345 million euros as assets abroad increased by 245 million euros, with Eesti Pank... more

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