Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Sat Feb 04, 2012, 18:04 GMT +2
Home Business environment Economy at a glance

Economy at a glance

  • Estonia has a modern market-based economy with a modified currency board monetary system

  • As of January 1, 2011 Estonia is a member of the euro area

  • Estonia has the highest per capita income levels in Central and Eastern Europe


Cornerstones of economic success

  • Monetary reform - currency board arrangement since 1992

  • Privatization - completed, with 4 infrastructure companies in state ownership

  • Liberal foreign trade regime - market is open for all competition

  • Modern tax system - flat income tax with 0% on reinvested profits


Consistent economic values

  • Liberal trade and price policy

  • Fixed exchange rate system

  • No restrictions on free movement of capital

  • Balanced budget of central government

  • Conservative foreign borrowing policy

  • Simple and proportional tax system


Credit ratings

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

  • Standard & Poor: AA-

  • Moody's: A1

  • Fitch IBCA: A+


Key economic indicators

  • GDP at current prices: €14,5 billion (2010)

  • GDP per capita: €10 820 (2010)

  • Annual FDI: €1,162 billion (2010)

  • FDI stock: €12 billion (2010)

  • Unemployment: 16.9% (2010)

  • Exports: €8,8 billion (2010)

  • Imports: €9,2 billion (2010)

 

 

Last Updated on Thursday, 10 November 2011 12:47
Estonian Investment and Trade Agency
Free investment tips
  • Estonian economic trends
  • Investment climate
  • Law changes
  • Business tips
Enter your email address:

Partners
Estonian Investment and Trade Agency
Feedback
Would you recommend Investinestonia.com to other potential investors?