Estonia recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2020. source: Bank of Estonia

Current Account to GDP in Estonia averaged -4.46 percent of GDP from 1993 until 2020, reaching an all time high of 2.50 percent of GDP in 2009 and a record low of -14.90 percent of GDP 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 2021.

Current Account to GDP in Estonia is expected to reach 0.70 percent of GDP by the end of 2021, 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 -0.30 percent of GDP in 2022 and -0.60 percent of GDP in 2023, according to our econometric models.

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Estonia Current Account to GDP


Estonia Last Unit Reference Previous Highest Lowest
Current Account -634.00 EUR Million Jun/21 -323.30 336.10 -751.70
Current Account to GDP -0.60 percent of GDP Dec/20 2.00 2.50 -14.90
External Debt 26254.50 EUR Million Jun/21 25919.00 26254.50 883.10
Capital Flows -487.90 EUR Million Jun/21 -377.20 639.40 -641.70
Foreign Direct Investment 1473.60 EUR Million Mar/21 1002.70 1798.00 -437.50
Remittances 65.80 EUR Million Mar/21 83.80 111.60 1.70


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.