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    Estonia Index 2006

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    Estonia Economy - 2006
    https://theodora.com/wfbcurrent/estonia/estonia_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Estonia, as a new member of the World Trade Organization and the European Union, has transitioned effectively to a modern market economy with strong ties to the West, including the pegging of its currency to the euro. The economy benefits from strong electronics and telecommunications sectors and is greatly influenced by developments in Finland, Sweden, and Germany, three major trading partners. The current account deficit remains high; however, the state budget is essentially in balance, and public debt is low.

      GDP (purchasing power parity):
      $21.92 billion (2005 est.)

      GDP (official exchange rate):
      $12.28 billion (2005 est.)

      GDP - real growth rate:
      7.4% (2005 est.)

      GDP - per capita (PPP):
      $16,400 (2005 est.)

      GDP - composition by sector:
      agriculture: 4.1%
      industry: 29.1%
      services: 66.8% (2005 est.)

      Labor force:
      670,000 (2005 est.)

      Labor force - by occupation:
      agriculture: 11%
      industry: 20%
      services: 69% (1999 est.)

      Unemployment rate:
      9.2% (2005 est.)

      Population below poverty line:
      NA% (2000)

      Household income or consumption by percentage share:
      lowest 10%: 3%
      highest 10%: 29.8% (1998)

      Distribution of family income - Gini index:
      37.2 (2000)

      Inflation rate (consumer prices):
      4% (2005 est.)

      Investment (gross fixed):
      27.6% of GDP (2005 est.)

      Budget:
      revenues: $5.126 billion
      expenditures: $5.017 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      3.8% of GDP (2005 est.)

      Agriculture - products:
      potatoes, vegetables; livestock and dairy products; fish

      Industries:
      engineering, electronics, wood and wood products, textile; information technology, telecommunications

      Industrial production growth rate:
      7.3% (2004 est.)

      Electricity - production:
      9.017 billion kWh (2003)

      Electricity - consumption:
      7.024 billion kWh (2003)

      Electricity - exports:
      1.562 billion kWh (2003)

      Electricity - imports:
      200 million kWh (2003)

      Oil - production:
      6,100 bbl/day (2003 est.)

      Oil - consumption:
      25,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      1.41 billion cu m (2003 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      1.27 billion cu m (2001 est.)

      Current account balance:
      -$1.403 billion (2005 est.)

      Exports:
      $7.439 billion f.o.b. (2005 est.)

      Exports - commodities:
      machinery and equipment 33%, wood and paper 15%, textiles 14%, food products 8%, furniture 7%, metals, chemical products (2001)

      Exports - partners:
      Finland 23.1%, Sweden 15.3%, Germany 8.4%, Latvia 7.9%, Russia 5.7%, Lithuania 4.4% (2004)

      Imports:
      $9.189 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and equipment 33.5%, chemical products 11.6%, textiles 10.3%, foodstuffs 9.4%, transportation equipment 8.9% (2001)

      Imports - partners:
      Finland 22.1%, Germany 12.9%, Sweden 9.7%, Russia 9.2%, Lithuania 5.3%, Latvia 4.7% (2004)

      Reserves of foreign exchange and gold:
      $1.852 billion (2005 est.)

      Debt - external:
      $10.09 billion (30 June 2005 est.)

      Economic aid - recipient:
      $108 million (2000)

      Currency (code):
      Estonian kroon (EEK)

      Exchange rates:
      krooni per US dollar - 12.584 (2005), 12.596 (2004), 13.856 (2003), 16.612 (2002), 17.478 (2001), note - the krooni is pegged to the euro

      Fiscal year:
      calendar year


      NOTE: The information regarding Estonia on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Estonia Economy 2006 information contained here. All suggestions for corrections of any errors about Estonia Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/estonia/estonia_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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