Estonian economy at a glance

Key Economic Indicators

• GDP per capita: €26.695 (2022)
• Real growth of GDP: -0.3% (2022)
• Inflation: 19.4% (2022)
• Unemployment: 5.6% (2022)
• Exports: €21.3 billion (2022)
• Imports: €25 billion (2022)
• Economically active enterprises 148 684 (2022)

Considerations for the investor:

• starting a business is easy
• taxation is simple and transparent
• trading across borders is active
• communication is easy
• flexible job regulation

Credit Ratings

Estonia has some of the highest international credit ratings in the region.
 

Cornerstones of Economic Success

• Monetary reform – currency board arrangement since 1992.
• Privatisation – completed, some infrastructure companies in state ownership.
• Liberal foreign trade regime – market is open for all competition.
• Modern tax system – motivating, transparent, simple, flat income tax with 0% on reinvested profits.

Useful Links:

Bank of Estonia: www.eestipank.ee
Statistics Estonia: www.stat.ee
Ministry of Foreign Affairs: www.vm.ee
Ministry of Economic Affairs and Communications: www.mkm.ee
Ministry of Finance: www.fin.ee
NASDAQ OMX Tallinn Stock Exchange: www.nasdaqomxbaltic.com
Estonian Chamber of Commerce and Industry: www.koda.ee
Enterprise Estonia: www.eas.ee
Estonian Investments and Trade Agency: www.investinestonia.com; www.tradewithestonia.com
Estonian Trade: www.estoniantrade.ee
Doing Business in Estonia: www.doingbusiness.org
Estonian Export: www.estonianexport.ee