What is the GDP of Estonia?

Estonia's GDP is approximately $43.1 billion USD. The GDP growth rate is -0.1%.

What is the population of Estonia?

Estonia has a population of approximately 1.4 million people. The population growth rate is 0.1%.

What is the inflation rate in Estonia?

The inflation rate in Estonia is 3.5%.

What is the unemployment rate in Estonia?

The unemployment rate in Estonia is 8.3%.

What is the GDP per capita of Estonia?

Estonia's GDP per capita is approximately $31,428 USD.

Is Estonia a good country to invest in?

Estonia has an investment score of 78/100, classified as "Safe" risk. Key sectors include IT & Digital, Electronics, Timber & Wood. Credit rating: NR.

How open is Estonia's economy to trade?

Estonia's trade openness (trade as % of GDP) is 151%. Exports total approximately $32.6B and imports $32.5B.

How much foreign investment does Estonia attract?

Foreign direct investment (FDI) in Estonia is -8% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Estonia?

Estonia's economy is composed of services (66% of GDP), industry (20% of GDP), and agriculture (2% of GDP).

Can I start a business in Estonia as a foreigner?

Estonia offers various options for foreign entrepreneurs. Visit our business setup guide for Estonia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Estonia's economy growing?

Estonia's GDP growth rate is -0.1%. The economy is currently contracting.

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Estonia Economy Overview

Name: Estonia Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: TallinnEST

Safe

Shrinking

43.1B USD

GDP (Nominal)

Growing at -0.1%

$31,428

GDP Per Capita

High income level

1.4M

Population

+0.1% annual growth

Stable

3.5%

Inflation

Moderate

151%of GDP

Trade Openness

-8%of GDP

FDI Inflows

Public Debt

High

8.3%

Unemployment

Surplus

+$0.1B

Trade Balance

GDP

Billion USD, nominal

$43.1B

2024+1.7B

GDP Growth

Annual %

-0.1%

2024+2.6%

Inflation

Consumer prices, annual %

3.5%

2024-5.7%

Population

Millions

1.4M

2024+0.0M

Economic Structure

Services66%

Industry20%

Agriculture2%

Investment Score Breakdown

Economic Health (30%)76

Political Safety (25%)82

Business Climate (20%)82

Financial Strength (15%)74

Growth Potential (10%)72

Key Sectors

IT & Digital

9.8% of GDP

growing

Electronics

5.5% of GDP

stable

Timber & Wood

4.2% of GDP

stable

Financial Services

5.8% of GDP

growing

Should I Invest in Estonia?

BuySetup: ModerateROI: Moderate

Estonia scores 78/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 2.2%. Business setup takes approximately 42 days with a corporate tax rate of 20%.

Investment Score78/100

GDP Growth2.2%

Inflation3.5%

FDI/GDP4.5%

Public Debt19.8%

Political Stability0.6

Corporate Tax20%

Ease of Business#18

Strengths

+Exceptional political stability - low governance risk
+World-class business environment - fast registration, strong IP protection
+Low public debt (19.8% of GDP) - fiscal headroom
+Highly trade-open economy (148%) - global market access
+100% foreign ownership allowed - no local partner required
+No dividend withholding tax - easy profit repatriation

Risks

-High severance costs (4 weeks/year) - expensive to restructure

Best For

IT & Digital (growing, score: 88)Premium services and luxury brandsDigital businesses and SaaS

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