摘要：Estonia¡¯s fast economic growth and global economic recovery led to improved external balance of Estonia
in 2005 ¨C the current account defi cit decreased from 13% of GDP in 2004 to 11% in 2005 (see Figure 1.1). In
absolute terms, the defi cit declined slightly year-on-year and amounted to 18.1 billion kroons. The current account
defi cit without reinvested earnings, which include no actual movement of funds, stood at 6.3% of GDP.
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