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The end of stagnation in Northern Europe will allow the Estonian GDP to grow by 2.6% in 2014. Strong increases in real wages coupled with still substantial employment growth will further support the upswing. A stronger revival in private and public investment activity should lift GDP growth to 3% in 2015 and 3.2% in 2016.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||1327||1323||1316||.||.||.|
|GDP, real change in %||9.6||3.9||0.8||2.6||3.0||3.2|
|GDP per capita (EUR at PPP)||17500||18500||19300||.||.||.|
|Gross industrial production, real change in %||19.9||1.0||2.9||.||.||.|
|Unemployment rate - LFS, in %, average||12.5||10.0||8.6||7.8||7.2||6.8|
|Average gross monthly wages, EUR||839||887||952||.||.||.|
|Consumer prices, % p.a.||5.1||4.2||3.2||2.5||2.8||3.2|
|Fiscal balance in % of GDP||1.1||-0.2||-0.5||.||.||.|
|Public debt in % of GDP||6.1||9.8||10.2||.||.||.|
|Current account in % of GDP||1.8||-1.8||-1.4||-1.6||-2.0||-2.8|
|FDI inflow, EUR mn||245||1180||837||.||.||.|
|Gross external debt in % of GDP||94.0||95.4||87.4||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
ESTONIA: Waiting for Scandinavian neighbours to revive
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 45-46 Details and Buy
Monthly Report No. 1/2014
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Olga Pindyuk, Sandor Richter and Miklós Somai
wiiw Monthly Report No. 1, January 2014
28 pages including 10 Tables and 3 Figures Details