Analytics, Banks, Estonia, Financial Services, Foreign trade
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Thursday, 28.03.2024, 15:53
Bank of Estonia: Both exports and imports of services increased in November
Services exports grew 4% and imports by 5%. The surplus on the services account was the same as a year earlier at 146 mln euros. The negative balance on the primary and secondary income accounts totalled 53 mln euros, which was the same as a year earlier. Net lending and borrowing, or the net total of the current and capital accounts, saw a surplus of 129 mln euros in November.
1 The quarterly balance of payments is compiled from a combined system of representative primary data sources, including surveys of companies, while the monthly balance of payments draws from a considerably smaller database. Although the monthly report uses as much of the data available for the month reported as possible, including administrative data sources and reports on international payments, it is subjective to a certain degree, which is why it is called an estimate. Once the quarterly balance of payments is released, the monthly balances of payments are adjusted accordingly. For more on the principles used in compiling the flash estimate, see http://statistika.eestipank.ee/failid/mbo/kiir_mb_eng.html.
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