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 |
|
|
1.1167 -501 pips |
1.1548 +120 pips |
1.16682 | |
| EURAUD |
|
|
1.7248 -622 pips |
1.7918 -48 pips |
1.78702 | |
| EURJPY |
|
|
165.6419 -685 pips |
170.3753 +211 pips |
172.487 | |
| EURCAD |
|
|
1.5665 -395 pips |
1.5917 +143 pips |
1.60600 | |
| EURCHF |
|
|
0.9375 -57 pips |
0.9682 -250 pips |
0.94319 | |
| EURCZK |
|
|
0 -244557 pips |
24.4383 +174 pips |
24.45569 | |
| EURGBP |
|
|
0.8543 -98 pips |
0.8657 -16 pips |
0.86409 | |
| EURHUF |
|
|
396.2007 +94 pips |
405.1371 -988 pips |
395.26 | |
| EURNOK |
|
|
11.3110 -6067 pips |
11.8821 +356 pips |
11.9177 | |
| EURNZD |
|
|
1.8917 -679 pips |
1.9569 +27 pips |
1.95957 |
News (EUR)
German ZEW Economic Confidence Deteriorates On Trade Deal
Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.
RTTNews | 4h 4min ago
German Industrial Output Declines Most In 11 Months
Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 5 days ago
German Exports Recover In June
Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | 5 days ago
