Estonia's current account deficit widens to €71 million in August
Estonia's current account deficit reached €71 million in August, compared with €8 million a year earlier. The 12-month deficit has nonetheless narrowed to €231 million, according to a preliminary estimate by the central bank.
Estonia's current account deficit stood at €71 million in August 2026, up from €8 million in the same month a year earlier. The current account is the part of the balance of payments that tracks a country's trade in goods and services and income flows with the rest of the world. The figures are a preliminary estimate from Eesti Pank, Estonia's central bank.
Over the past 12 months, however, the deficit has shrunk to €231 million. That equals 0.5% of GDP over the previous four quarters. In the comparable period a year earlier it was €282 million, or 0.7% of GDP.
Trade in goods
In August, goods exports rose 5% from the same month last year, while imports grew 8%. As a result, the negative goods trade balance increased by €71 million to €299 million.
Exports of metals and metal products, as well as chemical goods, grew most noticeably. On the import side, supplies of mineral products and chemical goods rose the most.
Services and income
Services exports increased by 7% and imports by 1%. The surplus in services trade grew by €73 million to €347 million, which helped offset the goods trade deficit.
The outflow of funds on primary and secondary income accounts was €119 million.
