Estonia current account to gdp
Estonia current account to gdp: -2.1 (-34.38%)
Last Update: January 31, 2023
Last Update: January 31, 2023
Estonia current account to gdp closed down -2.1 as of January 31, 2023 from -3.2 from the previous month and 1.3 from last year.
Estonia current account to gdp Analytics & Data
Embed this chart in your website or Share this chart with your friends MacroVar Free Open Data enables you to Embed, Share and Download Estonia current account to gdp historical data, charts and analysis in your website and with others.
Download the last 10 years of historical data for free by clicking Download Data. Sign up free to access full historical data.
Embed Estonia current account to gdp Chart or Data Table in your website or Share this chart and data table with your friends.
Estonia current account to gdp
| Date | Values |
|---|---|
| 2023-01-31 | -2.1 |
| 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 |
Get notified instantly when MacroVar new signals are available for Estonia current account to gdp. Create your free account
Embed the latest Estonia current account to gdp Chart, Data Table or text to your website by clicking the 3 options below.
Copy the following Code to your Website
Download the last 10 years of historical data for free by clicking Download Data. MacroVar also enables you to Embed auto-updated Chart, Table and Live text to your website.
Sign up free to access full historical data of Estonia current account to gdp.
Estonia current account to gdp Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| current account to gdp | ee.currentaccountgdp | -2.1 | -3.2 | -34 | -262 | Down | Down | 0 | 2023-01-31 |
Estonia current account to gdp Factors
MacroVar Quantitative Models analyzes financial and macroeconomic factors affecting to find uncorrelated trading ideas. MacroVar statistical models monitor dynamics and generate signals when unusual deviations are detected between financial markets and their factors Upgrade your account to access premium financial and
economic signals and research.
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% |
|---|
| 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 | 41956 | 41409.4 | 1 | 10 | UP | UP | 54 | 2024-02-29 |
| building permits | ee.buildingpermits | 1872 | 1555 | 20 | 17 | UP | UP | 48 | 2023-12-31 |
| business confidence | ee.bizconfidence | 83.3 | 81.9 | 2 | -0 | UP | Down | 78 | 2024-03-31 |
| capacity utilization | ee.caputilization | 65.8 | 64.6 | 2 | -8 | Down | Down | 15 | 2024-03-31 |
| car registrations | ee.carregistrations | 1707 | 1448 | 18 | -26 | Down | Down | 16 | 2024-03-31 |
| central bank balance sheet | ee.cb.assets | 15295400 | 14680500 | 4 | 8 | Down | UP | 7 | 2024-03-31 |
| consumer confidence | ee.consconfidence | -34.4 | -34.9 | -1 | 30 | Down | Down | 60 | 2024-02-29 |
| consumer price index cpi | ee.cpi | 296.96 | 295.81 | 0 | 5 | UP | UP | 57 | 2024-02-29 |
| core inflation rate | ee.coreinflationrate | 4.9 | 5 | -2 | -61 | Down | Down | 37 | 2024-01-31 |
| current account | ee.currentaccount | -62.7 | -434.4 | -86 | -91 | UP | UP | 57 | 2023-12-31 |
| current account to gdp | ee.currentaccountgdp | -2.1 | -3.2 | -34 | -262 | Down | Down | 0 | 2023-01-31 |
| 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 | -0.7 | -0.8 | -13 | -132 | Down | Down | 30 | 2023-12-31 |
| 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 | -5.7 | -7.3 | -22 | -25 | UP | UP | 80 | 2024-02-29 |
| industrial production mom | ee.indproductionmm | 1 | -5.4 | -119 | -600 | UP | UP | 10 | 2024-02-29 |
| inflation cpi | ee.inflationcpi | 3.9 | 4.2 | -7 | -78 | Down | Down | 39 | 2024-02-29 |
| interest rate | ee.interestrate | 4.5 | 4.5 | 0 | 8900 | UP | UP | 99 | 2024-04-01 |
| loans to private sector | ee.loanprivate | 9916.7 | 9991.8 | -1 | 6 | UP | UP | 53 | 2024-02-29 |
| long term unemployment rate | ee.ltunemploymentrate | 1.4 | 1.3 | 8 | 0 | UP | Down | 62 | 2023-12-31 |
| money supply m1 | ee.msm1 | 16829 | 16869 | -0 | -18 | Down | Down | 11 | 2024-02-29 |
| money supply m2 | ee.msm2 | 27330 | 27239 | 0 | 6 | UP | UP | 28 | 2024-02-29 |
| Producer Price Index | ee.producerprices | 154.52 | 155.15 | -0 | -4 | Down | Down | 6 | 2024-03-31 |
| PPI Index | ee.producerpricesch | -3.9 | -1.5 | 160 | -134 | Down | Down | 39 | 2024-02-29 |
| 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 | 17.8 | 1 | 59 | Down | UP | 85 | 2024-02-29 |
| 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 |