Estonia

Estonia, a 2004 European Union entrant, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia’s successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has pursued relatively sound fiscal policies that have resulted in balanced budgets and very low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, and Germany. Tallinn’s priority has been to sustain high growth rates - on average 8% per year from 2003 to 2007. Estonia’s economy slowed down markedly and fell sharply into recession in mid-2008, primarily as a result of an investment and consumption slump following the bursting of the real estate market bubble. GDP dropped nearly 15% in 2009, among the world’s highest rates of contraction. A modest recovery began in 2010, but unemployment stands above 13%. Estonia adopted the euro in January 2011.

$24.53 billion (2010 est.)

$24.07 billion (2009 est.)

$27.96 billion (2008 est.)

$19.22 billion (2010 est.)

1.9% (2010 est.)

-13.9% (2009 est.)

-5.1% (2008 est.)

$19,000 (2010 est.)

$18,500 (2009 est.)

$21,400 (2008 est.)

688,000 (2010 est.)

13.5% (2010 est.)

13.8% (2009 est.)

19.5% (2007)

34 (2008)

37 (1999)

22.5% of GDP (2010 est.)

7.7% of GDP (2010 est.)

7.1% of GDP (2009 est.)

2.4% (2010 est.)

-0.1% (2009 est.)

9.39% (31 December 2009 est.)

8.55% (31 December 2008 est.)

$5.345 billion (31 December 2010 est)

$5.822 billion (31 December 2009 est)

$10.7 billion (31 December 2010 est.)

$11.37 billion (31 December 2009 est.)

$18.94 billion (31 December 2010 est.)

$20.32 billion (31 December 2009 est.)

$2.654 billion (31 December 2009)

$1.95 billion (31 December 2008)

$6.037 billion (31 December 2007)

potatoes, vegetables; livestock and dairy products; fish

engineering, electronics, wood and wood products, textiles; information technology, telecommunications

10% (2010 est.)

11.46 billion kWh (2007 est.)

7.686 billion kWh (2007 est.)

2.31 billion kWh (2008 est.)

1.369 billion kWh (2008 est.)

7,600 bbl/day (2009 est.)

30,000 bbl/day (2009 est.)

7,280 bbl/day (2007 est.)

30,590 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

1.51 billion cu m (2008 est.)

0 cu m (2008 est.)

1.51 billion cu m (2008 est.)

0 cu m (1 January 2010 est.)

$265 million (2010 est.)

$898.7 million (2009 est.)

$10.77 billion (2010 est.)

$9.08 billion (2009 est.)

machinery and equipment 29%, wood and paper 13%, metals 10%, food products 8%, textiles 5%, chemical products

Finland 18.57%, Sweden 12.52%, Latvia 9.51%, Russia 9.33%, Germany 6.09%, Lithuania 4.76%, US 4.26% (2009)

$11.52 billion (2010 est.)

$9.783 billion (2009 est.)

machinery and equipment 35%, textiles 19%, mineral fuels 19%, chemical products 9%, foodstuffs 6%

Finland 14.52%, Lithuania 10.84%, Latvia 10.47%, Germany 10.33%, Russia 8.59%, Sweden 8.34%, Poland 5.63% (2009)

$3.641 billion (31 December 2010 est.)

$3.981 billion (31 December 2009 est.)

$25.13 billion (31 December 2010 est.)

$25.56 billion (31 December 2009 est.)

$17.53 billion (31 December 2010 est.)

$16.23 billion (31 December 2009 est.)

$7.134 billion (31 December 2010 est.)

$6.534 billion (31 December 2009 est.)

kroon (EEK) per US dollar - 12.11 (2010), 11.232 (2009), 10.7 (2008), 11.535 (2007), 12.473 (2006)