Estonia Current Account to GDP

Estonia recorded a Current Account deficit of 2.70 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Estonia is reported by the Eurostat. From 1993 until 2012, Estonia Current Account to GDP averaged -6.6 Percent reaching an all time high of 4.2 Percent in December of 2009 and a record low of -17.2 Percent in December of 2007. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Estonia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.70 0.30 4.20 -17.20 -7.18 | 2014/06 1993 - 2012 Percent Yearly

TO

Estonia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -2.70 2012-12-31 0.30 4.20 -17.20 -7.18 2014-06-30 Percent [+]
Balance of Trade -119.64 2014-02-15 -68.53 16.52 -352.32 -123.51 2014-06-30 EUR Million [+]
Current Account -25.10 2013-11-15 -95.80 258.40 -756.00 -79.74 2014-06-30 EUR Million [+]
Capital Flows -73.50 2013-11-15 -31.50 1021.90 -737.60 -37.17 2014-06-30 EUR Million [+]
Exports 918.51 2014-02-15 907.28 1156.02 32.11 902.90 2014-06-30 EUR Million [+]
External Debt 1431.10 2013-12-31 1466.00 1466.00 156.50 1638.62 2014-06-30 EUR Million [+]
Foreign Direct Investment 1.14 2012-12-31 0.19 2.31 0.11 1.59 2014-06-30 EUR Billion [+]
Gold Reserves 0.25 2013-12-31 0.25 0.25 0.25 Tonnes [+]
Imports 1038.16 2014-02-15 1006.51 1311.03 30.63 1037.27 2014-06-30 EUR Million [+]
Remittances 11.00 2013-11-15 10.00 12.00 -1.00 9.42 2014-06-30 EUR Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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Estonia Balance of Trade at -119.64 EUR Million  
Estonia recorded a trade deficit of 119.64 EUR Million in February of 2014. Balance of Trade in Estonia is reported by the Statistics Estonia.
Estonia Business Confidence at 102.60  
Business Confidence in Estonia decreased to 102.60 in March of 2014 from 103.70 in February of 2014. Business Confidence in Estonia is reported by the Estonian Institute of Economic Research.
Estonia Current Account at -25.10 EUR Million  
Estonia recorded a Current Account deficit of 25.10 EUR Million in the fourth quarter of 2013. Current Account in Estonia is reported by the Bank of Estonia.
Estonia Capital Flows at -73.50 EUR Million  
Capital Flows in Estonia decreased to -73.50 EUR Million in the fourth quarter of 2013 from -31.50 EUR Million in the third quarter of 2013. Capital Flows in Estonia is reported by the Bank of Estonia.
Estonia Capacity Utilization at 72.30 Percent  
Capacity Utilization in Estonia decreased to 72.30 percent in the first quarter of 2014 from 72.50 percent in the fourth quarter of 2013. Capacity Utilization in Estonia is reported by the European Commission.
Estonia Car Registrations at 1699.00 Cars  
Car Registrations in Estonia increased to 1699 Cars in March of 2014 from 1424 Cars in February of 2014. Car Registrations in Estonia is reported by the Statistics Estonia.
Estonia Consumer Confidence at -4.30  
Consumer Confidence in Estonia decreased to -4.30 in March of 2014 from -2.60 in February of 2014. Consumer Confidence in Estonia is reported by the Estonian Institute of Economic Research.
Estonia Changes in Inventories at -89.14 EUR Million  
Changes in Inventories in Estonia decreased to -89.14 EUR Million in the fourth quarter of 2013 from 128.56 EUR Million in the third quarter of 2013. Changes in Inventories in Estonia is reported by the Statistics Estonia.
Estonia Consumer Price Index (CPI) at 196.77 Index Points  
Consumer Price Index (CPI) in Estonia increased to 196.77 Index Points in March of 2014 from 196.19 Index Points in February of 2014. Consumer Price Index (CPI) in Estonia is reported by the Statistics Estonia.
Estonia Consumer Spending at 1744.10 EUR Million  
Consumer Spending in Estonia increased to 1744.10 EUR Million in the fourth quarter of 2013 from 1701.40 EUR Million in the third quarter of 2013. Consumer Spending in Estonia is reported by the Statistics Estonia.
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