Estonia GDP Growth Rate YoY
Over 71% of Estonia's gross domestic product (GDP) comes from the service sector, with 25% coming from industry and 4% coming from agriculture. The most important sectors of the Estonian economy are: real estate, rental and letting, and business services (which account for 21% of GDP); the processing industry (15%); commerce (14%); transportation, warehousing, and communications (which account for 10% of GDP); and construction (which accounts for 7% of GDP). Among the expenditure components of the GDP, household consumption is the most important, accounting for 52% of the country's total use. Gross fixed capital formation (25%, one of the highest rates among EU nations) and government expenditure is the next most important components (20%). Exports of products and services account for 84% of GDP, while imports account for 81%, resulting in a net addition of 3% to the total GDP of the country.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0368 -35 pips |
1.0728 -325 pips |
1.04027 | |
| EURAUD |
|
|
1.6392 -235 pips |
1.6650 -23 pips |
1.66272 | |
| EURJPY |
|
|
156.7374 -539 pips |
163.8855 -175 pips |
162.131 | |
| EURCAD |
|
|
1.4797 -130 pips |
1.4964 -37 pips |
1.49274 | |
| EURCHF |
|
|
0.9403 -31 pips |
0.9631 -197 pips |
0.94336 | |
| EURCZK |
|
|
25.2779 +1324 pips |
0 +251455 pips |
25.14553 | |
| EURGBP |
|
|
0.8394 -48 pips |
0.8460 -18 pips |
0.84422 | |
| EURHUF |
|
|
400.4734 -1103 pips |
406.2462 +525 pips |
411.50 | |
| EURNOK |
|
|
11.4331 -3580 pips |
11.7142 +769 pips |
11.7911 | |
| EURNZD |
|
|
1.8072 -333 pips |
1.8403 +2 pips |
1.84055 |
News (EUR)
German Economic Confidence Weakens In January
German economic sentiment deteriorated more than expected in January as the economy remained in recession for the second straight year and inflationary pressure rose recently, results of a survey by the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 10.3 from 15.7 in December. The reading was expected to drop moderately to 15.2.
RTTNews | 1 day ago
ECB Minutes Show Policymakers Saw Room For More Easing
European Central Bank policymakers were looking forward to more interest rate cuts, but they saw the need for a cautious approach due to several uncertainties that could derail inflation from its path to the 2 percent target, the minutes of the December 11-12 policy session showed on Thursday.
RTTNews | 5 days ago
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
RTTNews | 7 days ago
