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Economy of Estonia. Statistics, Data and Indicators

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Estonia
81AA- Credit rank #28
176.44 Quality of life #11
13 Corruption rank#20
18 Ease of doing business#16
Estonia


Estonia Major Economic Indicators

Indicator Data Period
GDP Value 30.65 USD Billion 2020
GDP Annual Growth Rate 4.3 % 1Q/22
GDP Growth Rate 0.1 % 1Q/22
GDP per capita 19736 USD 2020
Inflation Rate YoY 20 % May/22
Interest Rate 0 % Jun/22
Unemployment Rate 5.5 % 1Q/22
Wages 1593 EUR/Month | 1661.417 USD/Month 1Q/22
Balance of Trade -542 EUR Million | -0.565 B USD Apr/22
Current Account 116 EUR Million | 0.121 B USD 1Q/22


GDP Indicators

Indicator Data Period
GDP Value 30.65 USD Billion 2020
GDP Annual Growth Rate 4.3 % 1Q/22
GDP Growth Rate 0.1 % 1Q/22
GDP per capita 19736 USD 2020
GDP Constant Prices 6088 EUR Million | 6.349 B USD 1Q/22
GDP per capita PPP 35638 USD 2020
GDP From Agriculture  48.2 EUR Million | 0.05 B USD 1Q/22
GDP From Construction  274 EUR Million | 0.286 B USD 1Q/22
GDP From Manufacturing  868 EUR Million | 0.905 B USD 1Q/22
GDP From Mining  53.9 EUR Million | 0.056 B USD 1Q/22
GDP From Services  69.6 EUR Million | 0.073 B USD 1Q/22
GDP From Transport  563 EUR Million | 0.587 B USD 1Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 18.1 % 2021
Government Budget Value -31.5 EUR Million | -0.033 USD Billion Dec/21
Government Spending 1085 EUR Million | 1.132 USD Billion 1Q/22
Government Revenues 3707 EUR Million | 3.866 USD Billion Dec/21
Fiscal Expenditure  3100 EUR Million | 3.233 B USD Sep/21
Government Budget to GDP -2.4 % 2021
Government Spending to GDP 45.1 % 2020
Military Expenditure 687 USD Million | 0.687 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 262 index points May/22
Export Prices 440 index points May/22
Food Inflation 17 % May/22
Gasoline Prices 1.99 USD/Liter May/22
GDP Deflator 131 index points 1Q/22
Import Prices 194 index points May/22
Inflation Rate YoY 20 % May/22
Producer Prices 158 index points May/22
Inflation Rate Mom 1.9 % May/22
Core Consumer Prices 119 Index Points Apr/22
Core Inflation Rate 9 % May/22
CPI Housing Utilities 557 Index Points May/22
CPI Transportation 247 Index Points May/22
Harmonised Consumer Prices 135 Index Points May/22
Producer Prices Change  33.7 % May/22


Trade Indicators

Indicator Data Period
Current Account to GDP -0.6 % 2020
Balance of Trade -542 EUR Million | -0.565 USD Billion Apr/22
Capital Flows -34.8 EUR Million | -0.036 USD Billion 1Q/22
Current Account 116 EUR Million | 0.121 USD Billion 1Q/22
Exports 1598 EUR Million | 1.667 USD Billion Apr/22
External Debt 27908 EUR Million | 29.107 USD Billion 1Q/22
Imports 2140 EUR Million | 2.232 USD Billion Apr/22


Money Indicators

Indicator Data Period
Bank Lending Rate 3.35 % Apr/22
Gold Reserves 0.25 Tonnes 1Q/22
Interest Rate 0 % Jun/22
Loans to Private Sector 8549 EUR Million | 8.916 USD Billion Apr/22
Money Supply M1 22511 EUR Million | 23.478 USD Billion Apr/22
Money Supply M2 25556 EUR Million | 26.654 USD Billion Apr/22
Money Supply M3 25779 EUR Million | 26.886 B USD Apr/22
Central Bank Balance Sheet 16052720 EUR Thousand | 16.742 B USD 4Q/21
Foreign Direct Investment -1139 EUR Million | -1.188 B USD 4Q/21


Labor Indicators

Indicator Data Period
Minimum Wages 654 EUR/Month | 682.088 USD/Month 1Q/22
Retirement Age Men 63.75 2020
Retirement Age Women 63.75 2020
Unemployment Rate 5.5 % 1Q/22
Wages 1593 EUR/Month | 1661.417 USD/Month 1Q/22
Youth Unemployment Rate 17.7 % Apr/22
Employed Persons 675 Thousand Person | 0.675 Million Person 1Q/22
Employment Change  2.4 % 1Q/22
Employment Rate  69 % 1Q/22
Full Time Employment 555 Thousand Person 1Q/22
Job Vacancies 8.55 Thousand May/22
Labor Force Participation Rate 73.1 % 1Q/22
Long Term Unemployment Rate 1.3 % 1Q/22
Part Time Employment 80.4 Thousand Persons 1Q/22
Unemployed Persons 45.8 Thousand Persons | 0.046 Million Persons May/22
Wage Growth  7.8 % 3Q/21
Wages in Manufacturing 1552 EUR/Month | 1618.656 USD/Month 1Q/22


Taxes



Production Indicators

Indicator Data Period
Electricity Production 521 GWh Apr/22
Industrial Production 3.8 % Apr/22
Mining Production -39.1 % Dec/21
Industrial Production (MoM) 0.8 % Apr/22


Business Indicators

Indicator Data Period
Business Confidence 96.6 index points May/22
Corruption Index 74 index points 2021
Corruption Rank 13 place 2021
Ease of Doing Business 18 place 2019
Manufacturing Production 4.7 % Feb/22
Competitiveness Index 70.91 Index Points 2019
Competitiveness Rank 31 2019
Corporate Profits 1078321 EUR Thousand | 1.125 B USD 4Q/21


Consumer Indicators

Indicator Data Period
Consumer Confidence -28.4 index points May/22
Private Debt To GDP 163 % 2019
Retail Sales MoM 6.5 % May/22
Retail Sales YoY 1.9 % May/22
Consumer Credit 10682 EUR Million | 11.141 USD Billion Apr/22
Consumer Spending 3133 EUR Million | 3.268 USD Billion 1Q/22
Households Debt To Income 70.26 % 2020


Housing Market

Indicator Data Period
Construction Output 16.2 % 3Q/21