Economy of Estonia. Statistics, Data and Indicators
Estonia
| 81AA- | Credit rank #28 |
| 176.44 | Quality of life #11 |
| 14 | Corruption rank#20 |
| 18 | Ease of doing business#16 |
Estonia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 38.1 USD Billion | 2022 |
| GDP Annual Growth Rate | -2.9 % | 2Q/23 |
| GDP Growth Rate | -0.2 % | 2Q/23 |
| GDP per capita | 21207 USD | 2022 |
| Inflation Rate YoY | 4.2 % | Sep/23 |
| Interest Rate | 4.5 % | Sep/23 |
| Unemployment Rate | 6.7 % | 2Q/23 |
| Wages | 1873 EUR/Month | 1987.057 USD/Month | 2Q/23 |
| Balance of Trade | -293 EUR Million | -0.311 B USD | Aug/23 |
| Current Account | -284 EUR Million | -0.301 B USD | 2Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 38.1 USD Billion | 2022 |
| GDP Annual Growth Rate | -2.9 % | 2Q/23 |
| GDP Growth Rate | -0.2 % | 2Q/23 |
| GDP per capita | 21207 USD | 2022 |
| GDP Constant Prices | 6293 EUR Million | 6.676 B USD | 2Q/23 |
| GDP per capita PPP | 37826 USD | 2022 |
| GDP From Agriculture | 43.6 EUR Million | 0.046 B USD | 2Q/23 |
| GDP From Construction | 467 EUR Million | 0.495 B USD | 2Q/23 |
| GDP From Manufacturing | 911 EUR Million | 0.966 B USD | 2Q/23 |
| GDP From Mining | 46.8 EUR Million | 0.05 B USD | 2Q/23 |
| GDP From Services | 103 EUR Million | 0.109 B USD | 2Q/23 |
| GDP From Transport | 514 EUR Million | 0.545 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 18.5 % | 2022 |
| Government Budget Value | 35.6 EUR Million | 0.038 USD Billion | Jun/23 |
| Government Spending | 1147 EUR Million | 1.217 USD Billion | 2Q/23 |
| Government Revenues | 3867 EUR Million | 4.102 USD Billion | Jun/23 |
| Fiscal Expenditure | 3831 EUR Million | 4.064 B USD | Jun/23 |
| Government Budget to GDP | -0.9 % | 2022 |
| Government Spending to GDP | 39.4 % | 2022 |
| Military Expenditure | 811 USD Million | 0.811 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 293 index points | Sep/23 |
| Export Prices | 448 index points | Aug/23 |
| Food Inflation | 9.7 % | Sep/23 |
| Gasoline Prices | 1.89 USD/Liter | Sep/23 |
| GDP Deflator | 150 index points | 2Q/23 |
| Import Prices | 194 index points | Aug/23 |
| Inflation Rate YoY | 4.2 % | Sep/23 |
| Producer Prices | 157 index points | Aug/23 |
| Inflation Rate Mom | 0 % | Sep/23 |
| Core Consumer Prices | 134 Index Points | Aug/23 |
| Core Inflation Rate | 7.4 % | Aug/23 |
| CPI Housing Utilities | 614 Index Points | Sep/23 |
| CPI Transportation | 248 Index Points | Sep/23 |
| Harmonised Consumer Prices | 151 Index Points | Sep/23 |
| Producer Prices Change | -4.4 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.2 % | 2022 |
| Balance of Trade | -293 EUR Million | -0.311 USD Billion | Aug/23 |
| Capital Flows | -182 EUR Million | -0.193 USD Billion | 2Q/23 |
| Current Account | -284 EUR Million | -0.301 USD Billion | 2Q/23 |
| Exports | 1472 EUR Million | 1.562 USD Billion | Aug/23 |
| External Debt | 32018 EUR Million | 33.968 USD Billion | 2Q/23 |
| Imports | 1765 EUR Million | 1.872 USD Billion | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 7.25 % | Aug/23 |
| Gold Reserves | 0.25 Tonnes | 2Q/23 |
| Interest Rate | 4.5 % | Sep/23 |
| Loans to Private Sector | 9604 EUR Million | 10.189 USD Billion | Aug/23 |
| Money Supply M1 | 18375 EUR Million | 19.494 USD Billion | Aug/23 |
| Money Supply M2 | 26489 EUR Million | 28.102 USD Billion | Aug/23 |
| Money Supply M3 | 26503 EUR Million | 28.117 B USD | Aug/23 |
| Central Bank Balance Sheet | 14953786 EUR Thousand | 15.864 B USD | 2Q/23 |
| Foreign Direct Investment | 219 EUR Million | 0.232 B USD | 2Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 725 EUR/Month | 769.149 USD/Month | 3Q/23 |
| Retirement Age Men | 64.25 | 2022 |
| Retirement Age Women | 64.25 | 2022 |
| Unemployment Rate | 6.7 % | 2Q/23 |
| Wages | 1873 EUR/Month | 1987.057 USD/Month | 2Q/23 |
| Youth Unemployment Rate | 23.5 % | Aug/23 |
| Employed Persons | 700 Thousand Person | 0.7 Million Person | 2Q/23 |
| Employment Change | -1.5 % | 2Q/23 |
| Employment Rate | 69.2 % | 2Q/23 |
| Full Time Employment | 564 Thousand Person | 2Q/23 |
| Job Vacancies | 4.44 Thousand | Aug/23 |
| Labor Force Participation Rate | 74.2 % | 2Q/23 |
| Long Term Unemployment Rate | 1.6 % | 2Q/23 |
| Part Time Employment | 90.8 Thousand Persons | 2Q/23 |
| Unemployed Persons | 50.06 Thousand Persons | 0.05 Million Persons | Aug/23 |
| Wage Growth | 12.4 % | 2Q/23 |
| Wages in Manufacturing | 1742 EUR/Month | 1848.08 USD/Month | 2Q/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2023 |
| Personal Income Tax Rate | 20 % | 2022 |
| Sales Tax Rate | 20 % | 2023 |
| Social Security Rate | 37.4 % | 2023 |
| Social Security Rate For Companies | 33.8 % | 2023 |
| Social Security Rate For Employees | 3.6 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 285 GWh | Jul/23 |
| Industrial Production | -11.9 % | Aug/23 |
| Mining Production | -41.49 % | Aug/23 |
| Industrial Production (MoM) | 2.2 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 79.5 index points | Sep/23 |
| Corruption Index | 74 index points | 2022 |
| Corruption Rank | 14 place | 2022 |
| Ease of Doing Business | 18 place | 2019 |
| Manufacturing Production | -9.29 % | Aug/23 |
| Competitiveness Index | 70.91 Index Points | 2019 |
| Competitiveness Rank | 31 | 2019 |
| Corporate Profits | 1280858 EUR Thousand | 1.359 B USD | 2Q/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -29.7 index points | Sep/23 |
| Private Debt To GDP | 169 % | 2021 |
| Retail Sales MoM | 1 % | Aug/23 |
| Retail Sales YoY | -7.8 % | Aug/23 |
| Consumer Credit | 11995 EUR Million | 12.725 USD Billion | Aug/23 |
| Consumer Spending | 3357 EUR Million | 3.561 USD Billion | 2Q/23 |
| Households Debt To Income | 70.33 % | 2021 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -11.6 % | 2Q/23 |
