Estonia, Financial Services, GDP, Markets and Companies
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Friday, 19.04.2024, 13:17
Assets increase for businesses, decrease for households in Estonia in Q3
Juhan Tere, BC, Tallinn, 19.01.2011.
Print version
Print versionIn the third quarter of 2010, state assets of Estonia outweighed debt by 300 million euros, bringing net external debt down to 75.1% of gross domestic product (GDP).
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In the private sector, assets grew by 58 million euros during that period. Business savings decreased in domestic banks, but receivables from other businesses and the foreign sector increased.
Household assets decreased by 17 million euros in the third quarter of 2010, resulting from shrinking savings. Compared to 2009, though, household assets grew by 6.7%. Demand for household loans is still low, and debt decreased by 95 million euros as a result.
Government sector assets grew in the third quarter thanks to seasonal boosts and better-than-expected tax receipts. Domestic savings and foreign stock investments grew by 266 million euros.
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