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 (2019): Finland, Russia, and Germany
Top 3 Exported Goods (2019): Electrical Machinery, Oil & Mineral Fuels, and Wood

Top Industries Source: CIA World Factbook

Engineering; Electronics; Wood and Wood Products; Textiles

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $51,105,823,749 (2020)
GDP Growth Rate (annual %) -2.932% (2020)
GDP Per Capita, PPP (current international) $38,395 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 112/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.445% (2020)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 47.8% (2019)
Real Interest Rate (5 year average %) 2.5% (2016)
Manufacturing, value added (% of GDP) 12.635% (2020)
Current Account Balance (BoP, current US$) ($391,484,870) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 699,106 (2020)
Employment in Agriculture (% of total employment) 3.074% (2020)
Employment in Industry (% of total employment) 29.361% (2020)
Employment in Services (% of total employment) 67.565% (2020)
Unemployment Rate 6.46% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $21,621,786,049 (2020)
Exports of goods and services (current US$) $21,664,136,396 (2020)
Total Merchandise Trade (% of GDP) 108.637% (2020)
FDI, net inflows (BoP, current US$) $2,962,634,486 (2019)
Commercial Service Exports (current US$) $6,421,184,850 (2020)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank