Estonia recorded a Current Account surplus of 2.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Estonia averaged -4.51 percent from 1993 until 2019, reaching an all time high of 3.20 percent in 2017 and a record low of -15 percent in 2006. This page provides - Estonia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Estonia is expected to reach 1.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Current Account to GDP is projected to trend around 2.00 percent in 2021 and 1.40 percent in 2022, according to our econometric models.

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Estonia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.70 3.20 -14.90 1993 - 2019 percent Yearly

Estonia Trade Last Previous Highest Lowest Unit
Balance of Trade -113.00 -124.00 16.52 -411.47 EUR Million [+]
Current Account 315.80 252.30 315.80 -751.70 EUR Million [+]
Current Account to GDP 2.20 1.70 3.20 -14.90 percent [+]
Imports 1194.00 1289.00 1550.90 30.63 EUR Million [+]
Exports 1081.00 1166.00 1387.78 32.11 EUR Million [+]
External Debt 24172.10 21214.20 24172.10 883.10 EUR Million [+]
Capital Flows 548.80 227.20 639.40 -641.70 EUR Million [+]
Foreign Direct Investment 506.40 296.30 1780.30 -437.50 EUR Million [+]
Remittances 70.20 84.40 111.70 1.70 EUR Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 Tonnes [+]
Terrorism Index 0.12 0.23 1.10 0.00 [+]

Estonia Current Account to GDP
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.