Trade Balance in Estonia

Estonia Trade Balance | Economic News & Forecasts

Estonia - Trade Balance

The Estonian economy shifted into a higher gear in the second quarter, chiefly on the back of stronger household consumption dynamics. Robust household spending in the quarter was bolstered by near decade-low unemployment and higher wages. In addition, fixed investment improved significantly from the previous quarter, although it still contracted marginally as business investment continued to struggle. The external sector’s backdrop was also more positive in Q2, as growth in exports accelerated to a one-year high in the quarter helped by robust demand from overseas trading partners. Moreover, industrial production growth picked up pace in July while business confidence remained elevated in July and August, indicating that momentum has carried over into the third quarter. Consumer confidence, however, posted the worst result in six months in August.

Estonia - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-2.1  -2.4  -1.7  -1.8  -2.1  

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Estonia Trade Balance Chart

Estonia Trade
Note: Trade balance in EUR billion.
Source: Statistics Estonia.

Estonia Facts

Exchange Rate1.160.65 %Oct 16
Stock Market1,222-0.38 %Oct 16

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