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« Slovenia's Economy | Main | Serbia's economy »
Tuesday
Jul082008

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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