Estonia's Economy

Estonia has long been a hot spot for Finnish businesses and vacationers. The Baltic country is receiving significant inflows from abroad as European companies view areas of potential in the economy.

Economic Structure

• 2004 Joined NATO and EU
  • Stronger economic growth due to structural funds and foreign investment
• GDP: $21.2 billion
• Real GDP Growth: 7.3%, projected 2.2% 2008, 3% 2009
• Overheating?
  • Demand putting upward pressure on prices, wages
  • • Losing competition to China
  • Inflation: 3.9% (2007 CPI est.)
  • Current Account Balance: (-$3.1 billion)
  • Unemployment: 5.2%
• Major trade partner with Finland (16% imports, 22% exports)

Demographic:

• Conflict between Estonians and Russians
  • Highlighted by relocating Russian statue
• Median Age
  • Male: 36.2 years
  • Female: 43.2 years
• Sex Ratio
  • under 15 years: 1.06 male(s)/female
  • 15-64 years: 0.91 male(s)/female
  • 65 years and over: 0.5 male(s)/female
  • total population: 0.84 male(s)/female
• Income per Capita: $21,800

Estonia By Sector:

• Freight Transport
  • Port of Tallinn
  • Dependent on Russian cargos
  • Fluctuates with political environment
  • Air freight
  • 8-9% annual growth through 2011
  • Road frieght
  • 4.5% annual growth fueled by trade with Europe
• Electronics and Telecommunications

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