Economy of Estonia. Statistics, Data and Indicators
Estonia
| 81AA- | Credit rank #28 |
| 176.44 | Quality of life #11 |
| 13 | Corruption rank#20 |
| 18 | Ease of doing business#16 |
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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2021 |
| Personal Income Tax Rate | 20 % | 2021 |
| Sales Tax Rate | 20 % | 2021 |
| Social Security Rate | 37.4 % | 2021 |
| Social Security Rate For Companies | 33.8 % | 2021 |
| Social Security Rate For Employees | 3.6 % | 2021 |
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 |
