Given the sluggish external demand, economic growth in 2015 compared to the previous year is not expected to accelerate. However, an increase in earnings and thus household consumption will keep the economy afloat, which is projected to grow by 2% in 2015. From 2016 onwards, we expect an investment revival and positive developments in terms of exports.

map Estonia
Main Economic Indicators201220132014201520162017
Population, 1000 persons.132313181310...
GDP, real change in %
GDP per capita (EUR at PPP)187001920020200...
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-0.2-0.20.6...
Public debt in % of GDP9.710.110.6...
Current account in % of GDP-2.5-1.1-0.1-1.5-2.2-2.3
FDI inflow, EUR mn13946721191...
Gross external debt in % of GDP101.993.597.2...

Basic data are continuously updated.

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


ESTONIA: Growth remains below potential

Sebastian Leitner
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 59-61
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