Estonia’s current account surplus €42 million in May
Estonia ran a current account surplus of €42 million in May 2017, a flash estimate published by the Bank of Estonia on Friday indicates.
The surplus of the goods and services account was €76 million, which is €7 million more than a year ago. Goods exports were up by 12 percent and imports by 10 percent, as a result of which the deficit on the goods account narrowed by €13 million to €85 million.
The surplus on the services account was €161 million, €5 million less than at the same time a year ago. Services exports grew by 5 percent and imports by 10 percent. The net outflow on the primary and secondary income accounts increased by €14 million to €34 million.
The current and capital accounts ran a surplus of €21 million, meaning that the Estonian economy was a net lender to the rest of the world, so the country as a whole invested more financial assets abroad than it received from there.
Editor: Dario Cavegn