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World > Europe > Estonia > Economy (Facts)

Estonia - Economy (Facts)
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 - real growth rate: 11.4% (2006 est.)
GDP (purchasing power parity): $26.85 billion (2006 est.)
GDP (official exchange rate): $13.89 billion (2006 est.)
GDP - per capita (PPP): $20,300 (2006 est.)
GDP - composition by sector: agriculture: 3.4%
industry: 28%
services: 68.6% (2006 est.)
Population below poverty line: 5% (2003)
Household income or consumption by percentage share: lowest 10%: 1.9%
highest 10%: 28.5% (2000)
Inflation rate (consumer prices): 4.4% (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)
Budget: revenues: $5.994 billion
expenditures: $5.718 billion; including capital expenditures of NA (2006 est.)
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 - exports: 0 cu m (2004 est.)
Natural gas - imports: 1.44 billion cu m (2004 est.)
Agriculture - products: potatoes, vegetables; livestock and dairy products; fish
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)
Debt - external: $13.94 billion (30 June 2006 est.)
Economic aid - recipient: $108 million (2000)
Currency: Estonian Kroon (EEK)

Current Estonian Kroon Exchange Rates
Historical Estonian Kroon Exchange Rates
Chart Estonian Kroon Exchange Rates
Currency code: 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
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - Estonian Kroon Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions
Estonian Kroon Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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