Estonia: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | Estonia produces about 75% of its consumed electricity. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Finland, Russia, and Germany |
| Top Industries Source: CIA World Factbook | Engineering; Electronics; Wood and Wood Products; Textiles |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $62,797,115,058 (2022) |
| GDP Growth Rate (annual %) | -1.287% (2022) |
| GDP Per Capita, PPP (current international) | $46,697 (2022) |
GDP Country Rank 112/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 19.398% (2022) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 47.8% (2019) |
| Real Interest Rate (5 year average %) | 2.5% (2016) |
| Manufacturing, value added (% of GDP) | 12.761% (2022) |
| Current Account Balance (BoP, current US$) | ($846,714,843) (2022) |
Labor and Employment [1]
| Labor Force, Total | 732,290 (2022) |
| Employment in Agriculture (% of total employment) | 2.692% (2021) |
| Employment in Industry (% of total employment) | 29.05% (2021) |
| Employment in Services (% of total employment) | 68.258% (2021) |
| Unemployment Rate | 5.851% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $32,791,715,557 (2022) |
| Exports of goods and services (current US$) | $32,576,889,423 (2022) |
| Total Merchandise Trade (% of GDP) | 126.404% (2022) |
| FDI, net inflows (BoP, current US$) | $1,530,123,235 (2022) |
| Commercial Service Exports (current US$) | $11,324,494,427 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Estonia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.