Estonia current account to gdp

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Estonia current account to gdp: -3.2 (23.08%)
Last Update: January 31, 2022

Estonia current account to gdp closed down -3.2 as of January 31, 2022 from -2.6 from the previous month and 1.8 from last year.


Estonia current account to gdp Analytics & Data




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Estonia current account to gdp

Date Values
2022-01-31 -3.2
2021-01-31 -2.6
2020-01-31 -1.9
2019-01-31 2.5
2018-01-31 0.9
2017-01-31 2.3
2016-01-31 1.2
2015-01-31 1.8
2014-01-31 0.8
2013-01-31 0.5
2012-01-31 -1.9
2011-01-31 1.3
2010-01-31 1.8
2009-01-31 2.5
2008-01-31 -8.7
2007-01-31 -15
2006-01-31 -15
2005-01-31 -8.7
2004-01-31 -12
2003-01-31 -12.9


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Estonia current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp ee.currentaccountgdp -3.2 -2.6 23 -278 Down Down 0 2022-01-31

Estonia current account to gdp Factors

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What is the Estonia current account to gdp

Introduction:

Welcome to our webpage dedicated to providing comprehensive insights into Estonia's current account to GDP ratio. Here, you will find current and historical data, trends, analytics, and charts illustrating the country's economic position relative to its external balances. We aim to help users interpret this vital economic indicator and offer opportunities for further analysis through exporting data and utilizing MacroVar signals and analysis.

Understanding Estonia's Current Account to GDP Ratio:

The current account to GDP ratio primarily measures a country's net trade position and its economic openness to international transactions. It quantifies the balance between the value of goods, services, and income the country receives from overseas (exports) versus what it pays to foreign entities (imports).

This ratio is expressed as a percentage of the country's Gross Domestic Product (GDP). A positive current account to GDP ratio indicates that the country is a net lender to other economies, meaning it is exporting more goods, services, and capital than it is importing. Conversely, a negative ratio suggests that the country is a net borrower from other economies, importing more than it is exporting.

Interpreting Estonia's Current Account to GDP Ratio:

A high current account to GDP ratio may imply that Estonia has a healthy external position, benefitting from strong domestic production and robust export competitiveness. It could indicate a surplus, resulting in increased wealth accumulation in the country. However, a persistently high ratio may also suggest a lack of domestic demand and investment opportunities, leading to capital outflows seeking higher returns elsewhere.

On the other hand, a negative current account to GDP ratio might indicate that Estonia depends heavily on imports to cater to its domestic demand. This could suggest a trade deficit, eventually leading to foreign borrowing or reduced wealth accumulation. However, a moderate deficit may reflect the country's investment in productive assets and infrastructure to foster future economic growth.

Analyzing Trends, Signals, and Analytics:

Our webpage offers a comprehensive display of current and historical data, trends, signals, and analytics through intuitive charts and tables. Users can explore the data to identify patterns and assess the economic resilience of Estonia's external sector over time. Our charts will depict the dynamic changes, highlighting periods of surplus or deficit and their duration.

Export Historical Data for Further Analysis:

To facilitate profound analysis, our webpage allows users to export the historical data for free. This feature enables users to integrate the data into their preferred statistical software or spreadsheet applications, conducting extensive research and exploring the relationship between the current account to GDP ratio and other economic indicators.

Leveraging MacroVar Signals and Analysis:

In addition to the raw data, we offer MacroVar signals, trends, and in-depth analysis. MacroVar is an advanced forecasting tool that employs machine learning algorithms to predict future values of economic indicators. Users can benefit from these signals to make informed decisions, anticipate market movements, and identify potential economic risks or opportunities related to Estonia's current account to GDP ratio.

Conclusion:

Our webpage provides a comprehensive and user-friendly platform for understanding and analyzing Estonia's current account to GDP ratio. By offering a blend of historical data, trends, analytics, and MacroVar signals, we aim to equip users with the necessary insights to interpret the economic position of Estonia in a global context. Explore the data, export it for further analysis, and leverage MacroVar to gain a deeper understanding of this crucial economic indicator.

Estonia Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Estonia Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ee.balanceoftrade -121.7 -282.29 -57 -56 UP UP 13 2024-01-31
bank lending rate ee.banks.lendingrate 6.64 6.49 2 105 UP UP 98 2023-06-30
banks balance sheet ee.banks.bs 41409.4 41339.3 0 9 UP UP 48 2024-01-31
building permits ee.buildingpermits 1872 1555 20 17 UP UP 48 2023-12-31
business confidence ee.bizconfidence 81.7 82.8 -1 -1 UP Down 74 2024-02-29
capacity utilization ee.caputilization 65.8 64.6 2 -8 Down Down 15 2024-03-31
car registrations ee.carregistrations 1448 1589 -9 -11 Down Down 31 2024-02-29
central bank balance sheet ee.cb.assets 14617100 15311500 -5 12 Down UP 10 2023-12-31
consumer confidence ee.consconfidence -34.9 -34.1 2 7 Down Down 57 2024-01-31
consumer price index cpi ee.cpi 295.79 291.59 1 5 UP UP 58 2023-11-30
core inflation rate ee.coreinflationrate 5.2 6.6 -21 -58 Down Down 37 2023-09-30
current account ee.currentaccount -62.7 -434.4 -86 -91 UP UP 57 2023-12-31
current account to gdp ee.currentaccountgdp -3.2 -2.6 23 -278 Down Down 0 2022-01-31
exports ee.exports 1458 1471.74 -1 -25 Down Down 4 2023-09-30
external debt ee.externaldebt 33992.9 33508.1 1 39 UP UP 88 2023-12-31
fiscal expenditure ee.fiscalexp 4887.8 3976.6 23 38 UP UP 97 2023-08-31
gdp ee.gdp 38.1 37.19 2 93 UP UP 0 2022-01-31
Real GDP ee.realgdp 6397.2 6321.2 1 -1 UP Down 21 2023-12-31
gdp growth ee.gdpgrowth -0.2 -0.7 -71 -108 Down Down 38 2023-09-30
gdp growth annual ee.gdpgrowthan -2.7 -2.7 0 80 Down Down 83 2023-12-31
gold reserves ee.goldres 0.25 0.25 0 0 Down Down 51 2019-06-30
government budget ee.govbudget -3.4 -1 240 -409 Down Down 0 2023-01-31
Government budget ee.govbudgetvalue -701.1 -205 242 55 Down Down 77 2023-08-31
government debt to gdp ee.govdebtgdp 19.6 18.5 6 221 UP UP 0 2023-01-31
government revenues ee.govrev 4186.7 3771.6 11 36 UP UP 94 2023-10-31
imports ee.imports 1665 1765.06 -6 -21 Down Down 5 2023-09-30
industrial production ee.indproduction -2.5 -5.8 -57 -79 UP UP 70 2023-12-31
industrial production mom ee.indproductionmm -6.6 5.3 -225 371 Down Down 95 2024-01-31
inflation cpi ee.inflationcpi 4.7 4 18 -73 Down Down 40 2023-12-31
interest rate ee.interestrate 3.5 3 17 6900 UP UP 100 2023-03-17
loans to private sector ee.loanprivate 9991.8 9942.5 0 6 UP UP 54 2024-01-31
long term unemployment rate ee.ltunemploymentrate 1.3 1.6 -19 -7 Down Down 60 2023-09-30
money supply m1 ee.msm1 16869 17330 -3 -20 Down Down 5 2024-01-31
money supply m2 ee.msm2 27239 27286 -0 5 UP UP 25 2024-01-31
Producer Price Index ee.producerprices 155.15 159.23 -3 -4 Down Down 5 2024-02-29
PPI Index ee.producerpricesch -1.5 -4.4 -66 -112 Down Down 47 2024-01-31
retail sales MoM ee.retailsales -4.2 -21.7 -81 -49 Down UP 0 2024-02-29
retail sales ee.retailsalesan -2.7 -6.7 -60 -57 UP UP 38 2024-02-29
unemployment rate ee.unemploymentrate 6.3 7.3 -14 -15 UP Down 47 2023-12-31
youth unemployment rate ee.ytunemploymentrate 18.1 18.4 -2 13 UP UP 55 2024-01-31
Construction Confidence ee.esi.constr -19.1 -22.6 -1500 12700 Down Down 7800 2024-01-22
Consumer Confidence ee.esi.cons -34.2 -34.3 -0 -100 Down UP 0 2024-01-22
Industrial Confidence ee.esi.man -23.4 -22.4 400 10200 Down Down 7800 2024-01-22
Retail Confidence ee.esi.ret -4.8 -9 -4700 400 UP Down 6300 2024-01-22
Services Confidence ee.esi.serv -13.2 -18 -2700 2800 Down Down 8200 2024-01-22
ESI - Economic Composite ee.esi.conf 78.7 81.7 -4 -16 Down Down 22 2023-06-30