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 Indicators201220132014201520162017
Population, 1000 persons.132313181310...
GDP, real change in %
GDP per capita (EUR at PPP)187001920019800...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average10.
Average gross monthly wages, EUR8879491000...
Consumer prices, % p.a.
Fiscal balance in % of GDP-0.3-0.5-0.5...
Public debt in % of GDP9.710.110.0...
Current account in % of GDP-2.5-1.1-0.9-2.0-2.9.
FDI inflow, EUR mn1180685....
Gross external debt in % of GDP101.993.599.5...

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