Economy - overview:
Estonia, a 2004 European Union entrant, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has pursued relatively sound fiscal policies that have resulted in balanced budgets and very low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, and Germany. Tallinn's priority has been to sustain high growth rates - on average 8% per year from 2003 to 2007. Estonia's economy slowed down markedly and fell sharply into recession in mid-2008, primarily as a result of an investment and consumption slump following the bursting of the real estate market bubble. GDP dropped nearly 15% in 2009, among the world's highest rates of contraction. A modest recovery began in 2010, but unemployment stands above 13%. Estonia adopted the euro in January 2011.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Public debt: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: The information regarding Estonia on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Estonia Economy 2011 information contained here. All suggestions for corrections of any errors about Estonia Economy 2011 should be addressed to the CIA.
$24.53 billion (2010 est.)
country comparison to the world: 114
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$19.22 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
1.9% (2010 est.)
country comparison to the world: 153
[see also: GDP - real growth rate country ranks ]
$19,000 (2010 est.)
country comparison to the world: 63
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 2.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
28.7%
[see also: GDP - composition by sector - industry country ranks ]
services:
68.8% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
688,000 (2009 est.)
country comparison to the world: 150
[see also: Labor force country ranks ]
agriculture: 2.8%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
22.7%
[see also: Labor force - by occupation - industry country ranks ]
services:
74.5% (2008)
[see also: Labor force - by occupation - services country ranks ]
13.5% (2010 est.)
country comparison to the world: 140
[see also: Unemployment rate country ranks ]
19.5% (2007)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.7%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
27.7% (2004)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
34 (2008)
country comparison to the world: 91
[see also: Distribution of family income - Gini index country ranks ]
22.5% of GDP (2009 est.)
country comparison to the world: 61
[see also: Investment (gross fixed) country ranks ]
revenues: $7.851 billion
[see also: Budget - revenues country ranks ]
expenditures:
$8.21 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
7.7% of GDP (2010 est.)
country comparison to the world: 125
[see also: Public debt country ranks ]
2.4% (2010 est.)
country comparison to the world: 72
[see also: Inflation rate (consumer prices) country ranks ]
9.39% (31 December 2009 est.)
country comparison to the world: 112
[see also: Commercial bank prime lending rate country ranks ]
$5.345 billion (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$10.7 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$18.94 billion (31 December 2010 est.)
country comparison to the world: 79
[see also: Stock of domestic credit country ranks ]
$2.654 billion (31 December 2009)
country comparison to the world: 95
[see also: Market value of publicly traded shares country ranks ]
potatoes, vegetables; livestock and dairy products; fish
engineering, electronics, wood and wood products, textiles; information technology, telecommunications
10% (2009 est.)
country comparison to the world: 15
[see also: Industrial production growth rate country ranks ]
11.46 billion kWh (2007 est.)
country comparison to the world: 88
[see also: Electricity - production country ranks ]
7.686 billion kWh (2007 est.)
country comparison to the world: 96
[see also: Electricity - consumption country ranks ]
2.31 billion kWh (2008 est.)
[see also: Electricity - exports country ranks ]
1.369 billion kWh (2008 est.)
[see also: Electricity - imports country ranks ]
7,600 bbl/day (2009 est.)
country comparison to the world: 87
[see also: Oil - production country ranks ]
30,000 bbl/day (2009 est.)
country comparison to the world: 114
[see also: Oil - consumption country ranks ]
7,280 bbl/day (2007 est.)
country comparison to the world: 98
[see also: Oil - exports country ranks ]
30,590 bbl/day (2007 est.)
country comparison to the world: 99
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 183
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 200
[see also: Natural gas - production country ranks ]
1.51 billion cu m (2008 est.)
country comparison to the world: 83
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 60
[see also: Natural gas - exports country ranks ]
1.51 billion cu m (2008 est.)
country comparison to the world: 50
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 183
[see also: Natural gas - proved reserves country ranks ]
$265 million (2010 est.)
country comparison to the world: 54
[see also: Current account balance country ranks ]
$10.77 billion (2010 est.)
country comparison to the world: 82
[see also: Exports country ranks ]
machinery and equipment 29%, wood and paper 13%, metals 10%, food products 8%, textiles 5%, chemical products
Finland 18.57%, Sweden 12.52%, Latvia 9.51%, Russia 9.33%, Germany 6.09%, Lithuania 4.76%, US 4.26% (2009)
$11.52 billion (2010 est.)
country comparison to the world: 87
[see also: Imports country ranks ]
machinery and equipment 35%, textiles 19%, mineral fuels 19%, chemical products 9%, foodstuffs 6%
Finland 14.52%, Lithuania 10.84%, Latvia 10.47%, Germany 10.33%, Russia 8.59%, Sweden 8.34%, Poland 5.63% (2009)
$3.641 billion (31 December 2010 est.)
country comparison to the world: 82
[see also: Reserves of foreign exchange and gold country ranks ]
$25.13 billion (31 December 2010 est.)
country comparison to the world: 67
[see also: Debt - external country ranks ]
$17.53 billion (31 December 2010 est.)
country comparison to the world: 71
[see also: Stock of direct foreign investment - at home country ranks ]
$7.134 billion (31 December 2010 est.)
country comparison to the world: 54
[see also: Stock of direct foreign investment - abroad country ranks ]
kroon (EEK) per US dollar - 12.11 (2010), 11.232 (2009), 10.7 (2008), 11.535 (2007), 12.473 (2006)
This page was last modified 09-Feb-11