16.07.2019
Taavi Raudsaar Economist at Eesti Pank

The financial account statistics published by Eesti Pank today show that the growth in the equity of Estonian non-financial enterprises has slowed in the past year and a half. The yearly growth in equity was around 2.5% in the first... more

11.04.2019
Taavi Raudsaar Economist at Eesti Pank

The indebtedness of the companies and households that make up the Estonian private sector, which is shown as the ratio of debt liabilities to GDP, shrank notably in 2018 to 112% at the end of the year as nominal GDP grew quickly. The... more

11.03.2019
  • The surplus on the current account of the balance of payments was 445 million euros in 2018, or 1.7% of GDP. This was supported by the surplus in the export and... more
15.01.2019
Taavi Raudsaar Economist at Eesti Pank

The growth in corporate equity slowed over the first three quarters of 2018. The yearly growth in equity was around 4% by the end of the third quarter, which is a little below the growth in corporate debt. The growth in equity has... 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
18.10.2018
Taavi Raudsaar Economist at Eesti Pank
  • Companies took loans from banks and from elsewhere
  • Growth in corporate debt could be a sign of increasing investment
  • Households are borrowing enthusiastically, especially from banks
  • The risks from the... more
06.09.2018
  • The surplus on the current account of the balance of payments was 118 million euros in the second quarter of 2018, or 1.8% of GDP. The surplus arose from the positive balance of exports and imports of services and support from the Structural Funds of the European Union.

  • The... more
19.07.2018
Jana Kask Economist at Eesti Pank
  • Annual growth in corporate debt increased to 3.2%
  • Household savings continue to grow faster than their loans
  • Private sector debt growth accelerated, but remained slower than nominal GDP growth

The growth... more

20.04.2018
Taavi Raudsaar Economist at Eesti Pank
  • Corporate debt liabilities shrank as investment in fixed assets is low and companies can finance investments from their own funds
  • Domestic borrowing by Estonian companies increased while their borrowing from abroad... more
13.02.2018

The flash estimate1 put the Estonian current account at 43 million euros in surplus in December 2017. The total surplus on the goods and services account was 64 million euros, which was 20 million euros more than a year earlier. Both exports and imports of goods increased by 4%. The larger... more

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