Uudiste arhiiv


Swedbank: Increasing Estonian exports’ market share in Finland will be more challenging


Estonia’s exports to Finland are the most diversified among the largest trade partners Exported goods from Estonia have gained market share on the Finnish market Estonia is losing its price competitiveness against Finland Finland is Estonia’s largest export partner. Among

Swedbank: Estonia’s GDP growth was broad-based and the fastest of last six years


In 2017, Estonia’s GDP growth accelerated to 4.9% in real terms and to 9% in nominal terms. Economic growth was the fastest of last six years. The growth exceeded our expectations (our recent forecast in January was 4.4%). The growth

Economic overview of SEB in the Nordic countries: strong and broad-based economic growth

SEB Pank

The rapid and broad-based strengthening of the world economy that occurred in 2017 has exceeded expectations. High employment rates and increasing wealth sparks optimism in people, which is apparent in the increased spending of households. Improved demand has increased the

Swedbank: Robust GDP growth continued in 3Q2017 as expected


In 3Q2017 Estonian GDP expanded 4.2% yoy and 0.3% qoq (swad) in real terms. In nominal terms, GDP increased by 8.9% yoy. During the first three quarters, GDP has increased by 4.8% yoy in real terms. The major contribution to

Swedbank Economic Outlook Update – November 2017


Swedbank Economic Outlook presents the latest economic forecasts for Sweden, the Nordic and Baltic countries and the major global economies. In this update, current issues that have a bearing on economic developments are analysed. Global – Strong growth momentum The

Eesti Pank: The current account surplus in August was smaller than it was a year ago

Eesti Pank

The flash estimate1 put the Estonian current account at 63 million euros in surplus in August 2017. The surplus on the goods and services account was 116 million euros, which was 38 million euros less than a year earlier. Exports

Swedbank: Economic growth in 2Q was the fastest of the last six years: 5.7% yoy


We expected continued robust GDP growth in the second quarter, but 5.7% yoy (1.3% qoq swda) was above expectations. As inflation has picked up, GDP nominal growth accelerated to 10.2% yoy. Statistics Estonia revised up GDP levels and growth rates

Nordic Outlook: favourable trends in the global economy foster faster growth for Estonia

SEB Pank

The economic trends have been favourable lately. In the first half of the year, Estonia’s economic growth reached figures we last saw in 2012, when we were recovering from the deep economic crisis. Estonia’s economy is very much dependent on

Swedbank: Lack of labour a growing concern


The labour market remained tight. The unemployment rate increased due to a reform. In the second quarter of 2017, the unemployment rate was 7.0%, the employment rate 66.9% and the labour force participation rate 72% in Estonia. The labour force

Watch out for the growth in job vacancies


Job vacancy rate just above average, but annual growth amongst highest in the euro area Unemployment and vacancy rate curve suggests no crisis yet… …but job vacancy rates likely to increase further Annual growth of vacancy rate second highest in

Swedbank: GDP growth in Estonia – the fastest in five years


Accelerated export growth and robust recovery of investments contributed to the GDP growth On the output side, manufacturing, construction and domestic trade contributed the most We expect that GDP growth remains robust in 2017, but decelerates compared to the 1st

Swedbank: Slower growth of wages reduces macroeconomic risks


The growth of average monthly gross wages slowed to 5.7% in the first quarter. We expect gross wages to grow by around 6% this year. The growth of the average gross monthly wage decelerated from 7.6% in 2016 to 5.7%,

Swedbank Economic Outlook – April 2017


Global: Signs of a considerable cyclical upturn in advanced economies. Inflation pressure increases, but remains low in many regions. Political risks remain although they have decreased somewhat. Sweden: Growth broadens as an upswing in exports is paired with the strong

Brexit: the EU28 is dead, long live the EU?


The die is cast – the next move is the EU’s Limited effect of Brexit on the Baltic economies, so far Baltic interest – strong EU Wheels are set in motion On March 29, the UK gave formal notice of

Flash comment: Estonia – Wage growth accelerated in 2016


Average wages grew in all economic sectors. We expect the growth of average gross wages to slow from 7.6% in 2016 to around 5% in 2017. The growth of average gross wage accelerated to 7.6% in 2016. Net average wages

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