In Estonia the prospects facing exporters are slim where the neighbouring countries to the east and the north are concerned. Household consumption provides life support to GDP growth estimated at 1.7% for 2014, while the current account deficit remains low at 1.6% of GDP. The government’s hesitant expenditure policy will result in a budget close to balance.

map Estonia
Main Economic Indicators201120122013201420152016
Population, 1000 persons.132713231318...
GDP, real change in %
GDP per capita (EUR at PPP)177001870019200...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average12.510.
Average gross monthly wages, EUR839887949...
Consumer prices, % p.a.
Fiscal balance in % of GDP1.0-0.3-0.5...
Public debt in % of GDP6.09.710.1...
Current account in % of GDP1.4-2.5-1.1-1.6-2.0-2.9
FDI inflow, EUR mn2451180685...
Gross external debt in % of GDP101.9101.993.5...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


ESTONIA: Will the tide come in again?

Sebastian Leitner
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 59-60
Details and Buy


Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures