Estonia

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Introduction - Estonia:
Location - Estonia:
People - Estonia:
Government - Estonia:
Economy - Estonia:

Economy overview

Estonia has a modern market-based economy with strong ties to the West. It is a WTO and EU member and pegs its currency to the euro. The economy benefits from strong electronics and telecommunications sectors and is greatly influenced by developments in Finland, Sweden, and Germany, three major trading partners. The current account deficit remains high; however, the state budget is essentially in balance, and public debt is low.

Gdp purchasing power parity

$26.85 billion (2006 est.)

Gdp official exchange rate

$13.89 billion (2006 est.)

Gdp real growth rate

11.4% (2006 est.)

Gdp per capita ppp

$20,300 (2006 est.)

Gdp composition by sector

agriculture: 3.4%
industry: 28%
services: 68.6% (2006 est.)

Labor force

673,000 (2006 est.)

Labor force by occupation

agriculture: 11%
industry: 20%
services: 69% (1999 est.)

Unemployment rate

4.5% (2006)

Population below poverty line

5% (2003)

Household income or consumption by percentage share

lowest 10%: 1.9%
highest 10%: 28.5% (2000)

Distribution of family income gini index

33 (2003)

Inflation rate consumer prices

4.4% (2006 est.)

Investment gross fixed

32.4% of GDP (2006 est.)

Budget

revenues: $5.994 billion
expenditures: $5.718 billion; including capital expenditures of $NA (2006 est.)

Public debt

3.6% of GDP (2006 est.)

Agriculture products

potatoes, vegetables; livestock and dairy products; fish

Industries

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

Industrial production growth rate

8% (2006 est.)

Electricity production

9.29 billion kWh (2004)

Electricity consumption

6.846 billion kWh (2004)

Electricity exports

2.141 billion kWh (2004)

Electricity imports

347 million kWh (2004)

Oil production

6,819 bbl/day (2004 est.)

Oil consumption

60,000 bbl/day (2004 est.)

Oil exports

3,958 bbl/day (2004)

Oil imports

54,000 bbl/day (2004)

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

1.44 billion cu m (2004 est.)

Natural gas exports

0 cu m (2004 est.)

Natural gas imports

1.44 billion cu m (2004 est.)

Current account balance

-$1.919 billion (2006 est.)

Exports

$9.68 billion f.o.b. (2006 est.)

Exports commodities

machinery and equipment 33%, wood and paper 15%, textiles 14%, food products 8%, furniture 7%, metals, chemical products (2001)

Exports partners

Finland 18.4%, Sweden 12.4%, Latvia 8.9%, Russia 8.1%, US 5.5%, Germany 5.1%, Lithuania 4.8%, Gibraltar 4.7% (2006)

Imports

$12.03 billion f.o.b. (2006 est.)

Imports commodities

machinery and equipment 33.5%, chemical products 11.6%, textiles 10.3%, foodstuffs 9.4%, transportation equipment 8.9% (2001)

Imports partners

Finland 18.2%, Russia 13.1%, Germany 12.4%, Sweden 9%, Lithuania 6.4%, Latvia 5.7% (2006)

Reserves of foreign exchange and gold

$2.344 billion (2006 est.)

Debt external

$13.94 billion (30 June 2006 est.)

Economic aid recipient

$108 million (2000)

Currency code

Estonian kroon (EEK)

Exchange rates

krooni per US dollar - 12.473 (2006), 12.584 (2005), 12.596 (2004), 13.856 (2003), 16.612 (2002)
note: the krooni is pegged to the euro

Communications - Estonia:
Transportation - Estonia:
Military - Estonia:
This page was last updated on 16 September, 2007
Source: CIA >>>


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