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Economic Data

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.)
Household income or consumption by percentage share:
lowest 10%: 2.3%
highest 10%: 25.6% (2015)
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.)