Estonia, a member of the EU since 2004 and the euro zone since 2011, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region, but its economy is highly dependent on trade, leaving it vulnerable to external shocks. Estonia's successive governments have pursued a free market, pro-business economic agenda, and sound fiscal policies that have resulted in balanced budgets and the lowest debt-to-GDP ratio in the EU. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q3 | 3,290 | 3,282 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Private Consumption | 2022 Q3 | 4,580 | 4,380 | Mil. EUR, NSA | Quarterly |
Nominal Gross Domestic Product | 2022 Q3 | 9,155 | 8,994 | Mil. EUR, WDASA | Quarterly |
Investment | 2022 Q3 | 2,615 | 2,803 | Mil. EUR, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2022 Q3 | 2,166 | 2,193 | Mil. EUR, NSA | Quarterly |
Real Gross Domestic Product | 2022 Q3 | 6,408 | 6,524 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Government Consumption | 2022 Q3 | 1,686 | 1,682 | Mil. EUR, NSA | Quarterly |
Real Investment | 2022 Q3 | 2,112 | 2,330 | Mil. Ch. 2015 EUR, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q3 | 1,725 | 1,771 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Real Government Consumption | 2022 Q3 | 1,114 | 1,125 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Jan 2023 | 282.4 | 280.28 | 1997=100, NSA | Monthly |
Producer Price Index (PPI) | Dec 2022 | 163.31 | 162.75 | 2010=100, NSA | Monthly |
Wholesale Price Index | 2016 | 106.56 | 107.29 | Index 2010 = 100 | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | 2022 Q3 | 4,470 | 4,385 | Mil. EUR, SA | Quarterly |
Unemployment Rate | 2022 Q3 | 5.6 | 5.8 | %, NSA | Quarterly |
Labor Force Employment | 2022 Q3 | 680.1 | 673.5 | Ths. #, NSA | Quarterly |
Unemployment | 2022 Q3 | 40.6 | 41.7 | Ths. #, NSA | Quarterly |
Labor Force | 2022 Q3 | 720.7 | 715.2 | Ths. #, NSA | Quarterly |
Primary Industries Employment | 2021 | 17.6 | 19.5 | Ths. # | Annual |
Tertiary Industries Employment | 2021 | 446.8 | 445.8 | Ths. # | Annual |
Secondary Industries Employment | 2021 | 189.9 | 191.3 | Ths. # | Annual |
Agriculture Employment | 2017 | 26,896 | 27,028 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Balance of Goods | Nov 2022 | -352.15 | -239.72 | Mil. EUR, NSA | Monthly |
Imports of Goods | Nov 2022 | 2,095 | 2,092 | Mil. EUR, NSA | Monthly |
Exports of Goods | Nov 2022 | 1,743 | 1,853 | Mil. EUR, NSA | Monthly |
Current Account Balance | 2022 Q3 | 328.6 | -142.5 | Mil. EUR, NSA | Quarterly |
Exports of Goods and Services | 2022 Q3 | 8,055 | 7,723 | Mil. EUR, NSA | Quarterly |
Imports of Goods and Services | 2022 Q3 | 8,007 | 7,957 | Mil. EUR, NSA | Quarterly |
Real Exports of Goods and Services | 2022 Q3 | 5,632 | 5,826 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Net Exports | 2022 Q3 | -57.23 | -270.21 | Mil. EUR, SA | Quarterly |
Real Imports of Goods and Services | 2022 Q3 | 5,820 | 6,186 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Real Net Exports | 2022 Q3 | -246.75 | -400.38 | Mil. Ch. 2015 EUR, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt - Foreign | 2022 Q3 | 4,999 | 4,924 | Mil. EUR, NSA | Quarterly |
Gross External Debt | 2022 Q3 | 30,917 | 29,830 | Mil. EUR, NSA | Quarterly |
Outstanding Public Debt | 2022 Q3 | 5,585 | 5,702 | Mil. EUR, NSA | Quarterly |
Government Budget Balance | 2022 Q3 | 68.6 | 184.1 | Mil. EUR, NSA | Quarterly |
Government Revenues | 2022 Q3 | 3,528 | 3,546 | Mil. EUR, NSA | Quarterly |
Government Expenditures | 2022 Q3 | 3,459 | 3,362 | Mil. EUR, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 07 Feb 2023 | 1,895 | 1,899 | Index June 4 1996=100, NSA | Business Daily |
Money Market Rate | Dec 2021 | -0.49 | -0.49 | %, NSA | Monthly |
Business Lending Rate | Jun 2017 | 3.19 | 4.34 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Index | 2022 Q3 | 303 | 297.99 | Index 2010=100, SA | Quarterly |
Building Completions | 2022 Q3 | 1,632 | 1,881 | #, NSA | Quarterly |
Building Permits | 2022 Q3 | 1,393 | 1,594 | #, SA | Quarterly |
Residential Building Permits | 2022 Q3 | 1,521 | 1,446 | #, NSA | Quarterly |
Non-residential Building Completions | 2021 | 1,136 | 1,352 | # | Annual |
Residential Building Completions | 2021 | 6,735 | 7,579 | # | Annual |
Dwelling Stocks | 2020 | 7.6 | 7 | Ths. # | Annual |
Non-residential Building Permits | 2009 | 29.03 | # | Annual | |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Jan 2023 | -33.1 | -36.3 | SA | Monthly |
Retail Sales | 2022 Q3 | 2,488 | 2,457 | Mil. EUR, NSA | Quarterly |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2023 Q1 | 71.5 | 71.5 | %, SA | Quarterly |
Business Confidence | Jan 2023 | -11.5 | -13.3 | SA | Monthly |
Industrial Production | Dec 2022 | 113.4 | 119.5 | Vol. Index 2015=100, NSA | Monthly |
Real Change in Inventories | 2022 Q3 | 386.17 | 482.72 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Change in Inventories | 2022 Q3 | 493.09 | 524.34 | Mil. EUR, NSA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | Dec 2022 | 784 | 850 | #, NSA | Monthly |
Population | 2022 | 1,331,796 | 1,330,068 | # | Annual |
Deaths | Dec 2021 | 1,664 | 1,734 | #, NSA | Monthly |
Net Migration | 2017 | -4,999 | # | Annual | |
Birth Rate | 2016 | 10.7 | # per Ths. pop. | Annual | |
Death Rate | 2011 | 11.5 | # per Ths. pop. | Annual |