Estonia

Economic Data

Grains are the top products produced in Estonia.

Potatoes are a top crop.

Electronics are a top industry.

Wood and wood products are top industries in Estonia..

Dairy products are among the top agricultural products from Estonia.

Livestock are among top products.

One of the top industries is textiles.

GDP (purchasing power parity):

$41.65 billion (2017 est.)

$39.72 billion (2016 est.)

$38.92 billion (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 115

GDP (official exchange rate):

$25.97 billion (2017 est.)

GDP - real growth rate:

4.9% (2017 est.)

2.1% (2016 est.)

1.7% (2015 est.)

country comparison to the world: 52

GDP - per capita (PPP):

$31,700 (2017 est.)

$30,200 (2016 est.)

$29,600 (2015 est.)

note: data are in 2017 dollars

country comparison to the world: 64

Gross national saving:

27% of GDP (2017 est.)

24.6% of GDP (2016 est.)

25.8% of GDP (2015 est.)

country comparison to the world: 44

GDP - composition, by end use:

household consumption: 50.3% (2017 est.)

government consumption: 20.4% (2017 est.)

investment in fixed capital: 24% (2017 est.)

investment in inventories: 2.2% (2017 est.)

exports of goods and services: 77.2% (2017 est.)

imports of goods and services: -74% (2017 est.)

GDP - composition, by sector of origin:

agriculture: 2.8% (2017 est.)

industry: 29.2% (2017 est.)

services: 68.1% (2017 est.)

Agriculture - products:

grain, potatoes, vegetables; livestock and dairy products; fish

Industries:

food, engineering, electronics, wood and wood products, textiles; information technology, telecommunications

Industrial production growth rate:

9.5% (2017 est.)

country comparison to the world: 17

Labor force:

670,200 (2017 est.)

country comparison to the world: 152

Labor force - by occupation:

agriculture: 2.7%

industry: 20.5%

services: 76.8% (2017 est.)

Unemployment rate:

5.8% (2017 est.)

6.8% (2016 est.)

country comparison to the world: 88

Population below poverty line:

21.1% (2016 est.)

Distribution of family income - Gini index:

34.8 (2015)

35.6 (2014)

country comparison to the world: 100

Budget:

revenues: 10.37 billion (2017 est.)

expenditures: 10.44 billion (2017 est.)

Taxes and other revenues:

39.9% (of GDP) (2017 est.)

country comparison to the world: 41

Budget surplus (+) or deficit (-):

-0.3% (of GDP) (2017 est.)

country comparison to the world: 52

Public debt:

9% of GDP (2017 est.)

9.4% of GDP (2016 est.)

note: data cover general government debt and include debt instruments issued (or owned) by government entities, including sub-sectors of central government, state government, local government, and social security funds

country comparison to the world: 199

Fiscal year:

calendar year

Inflation rate (consumer prices):

3.7% (2017 est.)

0.8% (2016 est.)

country comparison to the world: 145

Central bank discount rate:

0% (31 December 2017 est.)

0% (31 December 2016 est.)

country comparison to the world: 152

Commercial bank prime lending rate:

4.2% (31 December 2017 est.)

4.23% (31 December 2016 est.)

country comparison to the world: 163

Stock of narrow money:

$14.78 billion (31 December 2017 est.)

$11.8 billion (31 December 2016 est.)

note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders

country comparison to the world: 73

Stock of broad money:

$14.78 billion (31 December 2017 est.)

$11.8 billion (31 December 2016 est.)

country comparison to the world: 74

Stock of domestic credit:

$24.25 billion (31 December 2017 est.)

$20.97 billion (31 December 2016 est.)

country comparison to the world: 88

Market value of publicly traded shares:

$3.102 billion (31 December 2017 est.)

$2.407 billion (31 December 2016 est.)

$2.045 billion (31 December 2015 est.)

country comparison to the world: 92

Current account balance:

$809 million (2017 est.)

$443 million (2016 est.)

country comparison to the world: 54

Exports:

$13.44 billion (2017 est.)

$12.36 billion (2016 est.)

country comparison to the world: 80

Exports - partners:

Finland 16.2%, Sweden 13.5%, Latvia 9.2%, Russia 7.3%, Germany 6.9%, Lithuania 5.9% (2017)

Exports - commodities:

machinery and electrical equipment 30%, food products and beverages 9%, mineral fuels 6%, wood and wood products 14%, articles of base metals 7%, furniture and bedding 11%, vehicles and parts 3%, chemicals 4% (2016 est.)

Imports:

$14.42 billion (2017 est.)

$13.23 billion (2016 est.)

country comparison to the world: 91

Imports - commodities:

machinery and electrical equipment 28%, mineral fuels 11%, food and food products 10%, vehicles 9%, chemical products 8%, metals 8% (2015 est.)

Imports - partners:

Finland 14%, Germany 10.7%, Lithuania 8.9%, Sweden 8.5%, Latvia 8.2%, Poland 7.2%, Russia 6.7%, Netherlands 5.9%, China 4.7% (2017)

Reserves of foreign exchange and gold:

$345 million (31 December 2017 est.)

$352.2 million (31 December 2016 est.)

country comparison to the world: 164

Debt - external:

$19.05 billion (31 December 2016 est.)

$18.3 billion (31 December 2015 est.)

country comparison to the world: 93

Stock of direct foreign investment - at home:

$27.05 billion (31 December 2017 est.)

$22.19 billion (31 December 2016 est.)

country comparison to the world: 73

Stock of direct foreign investment - abroad:

$10.96 billion (31 December 2017 est.)

$9.396 billion (31 December 2016 est.)

country comparison to the world: 64

Exchange rates:

euros (EUR) per US dollar -

0.92 (2017 est.)

0.9 (2016 est.)

0.9214 (2015 est.)

0.885 (2014 est.)

0.7634 (2013 est.)

The above information has been excerpted from "The World Factbook" published by the United States Central Intelligence Agency and was last updated by World Trade Press on Monday, July 1st, 2019. Additional information is available at https://www.cia.gov/library/publications/resources/the-world-factbook/.