Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.13 1.12 1.11 1.11 1.1 1.09
Stock Market (points) 1251.08 1231 1223 1216 1209 1194
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 2.20 0.7 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 4.20 3.3 3.3 2.2 2.8 2.6
Unemployment Rate (%) 4.40 5.7 5.9 5.8 6.2 5.5
Inflation Rate (%) 2.30 2.4 2.8 2.2 2.3 2.9
Inflation Rate Mom (%) 0.30 0.4 0.4 0.5 0.5 0.6
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) -94.80 -190 -110 -110 -160 -130
Current Account to GDP (%) 1.70 1.3 1.3 1.3 1 1
Government Debt to GDP (%) 9.00 7.8 7.8 7.8 7.6 7.6
Government Budget (% of GDP) -0.30 0.3 0.3 0.3 0.2 0.2
Retail Sales MoM (%) -5.70 2 -3 12 12 10
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 2.20 0.7 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 4.20 3.3 3.3 2.2 2.8 2.6
GDP (USD Billion) 25.92 26.2 26.2 26.2 26.9 26.9
GDP Constant Prices (EUR Million) 5237.55 5171 5115 5353 5384 5492
Gross Fixed Capital Formation (EUR Million) 1525.22 1326 1350 1559 1568 1599
GDP per capita (USD) 18977.39 18994 18994 18994 19200 19200
GDP per capita PPP (USD) 29481.25 29512 29512 29512 30050 30050
GDP From Agriculture (EUR Million) 126.00 4.2 141 129 130 132
GDP From Construction (EUR Million) 380.37 389 439 389 391 399
GDP From Manufacturing (EUR Million) 718.12 822 739 734 738 753
GDP From Mining (EUR Million) 86.50 68.73 73.98 88.4 88.92 90.7
GDP From Services (EUR Million) 59.63 58.87 66.82 60.94 61.3 62.52
GDP From Transport (EUR Million) 400.10 421 409 409 411 420
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.40 5.7 5.9 5.8 6.2 5.5
Wages (EUR/Month) 1384.00 1376 1346 1443 1443 1518
Wages in Manufacturing (EUR/Month) 1307.00 1318 1287 1363 1363 1433
Minimum Wages (EUR/Month) 540.00 540 540 540 590 590
Population (Million) 1.32 1.32 1.32 1.32 1.32 1.32
Retirement Age Women 63.50 63.5 63.5 63.75 64 64
Retirement Age Men 63.50 63.5 63.5 63.75 64 64
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.30 2.4 2.8 2.2 2.3 2.9
Inflation Rate Mom (%) 0.30 0.4 0.4 0.5 0.5 0.6
Consumer Price Index CPI (Index Points) 211.10 215 217 215 213 221
Core Consumer Prices (Index Points) 104.56 110 111 111 110 116
Producer Prices (Index Points) 112.97 114 115 115 116 117
Producer Prices Change (%) 0.40 1 0.7 1.7 2.2 2.1
CPI Transportation (Index Points) 187.26 196 196 190 190 196
Food Inflation (%) 2.20 4.17 4.47 4.8 4.8 5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) -94.80 -190 -110 -110 -160 -130
Current Account to GDP (%) 1.70 1.3 1.3 1.3 1 1
Imports (EUR Million) 1257.30 1510 1400 1360 1420 1410
Exports (EUR Million) 1162.40 1320 1290 1250 1260 1280
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 9.00 7.8 7.8 7.8 7.6 7.6
Government Budget (% of GDP) -0.30 0.3 0.3 0.3 0.2 0.2
Government Spending (EUR Million) 984.68 907 779 1006 1012 1033
Government Spending to GDP (%) 40.20 39.5 39.5 39.5 39.1 39.1
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 35.40 35.4 35.4 35.4 35.4 35.4
Social Security Rate For Companies (%) 33.80 33.8 33.8 33.8 33.8 33.8
Social Security Rate For Employees (%) 1.60 1.6 1.6 1.6 1.6 1.6
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 4.40 3.6 3 3.2 2.7 2.8
Industrial Production Mom (%) -1.10 -0.6 1.1 1.2 0.7 0.7
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales MoM (%) -5.70 2 -3 12 12 10
Retail Sales YoY (%) 5.30 4 2 2 2 2
Consumer Spending (EUR Million) 2656.80 2656 2681 2715 2731 2786
Bank Lending Rate (%) 3.85 3.49 3.49 3.49 3.74 3.74
Gasoline Prices (USD/Liter) 1.51 1.46 1.42 1.39 1.36 1.36


This page has economic forecasts for Estonia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Estonia economy.