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)