Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 1223.32 1155 1147 1139 1131 1115
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.8 0.7 0.7 0.5 0.4
GDP Annual Growth Rate (%) 4.20 3.6 3.3 3.3 2.2 2.6
Unemployment Rate (%) 5.20 5.8 5.7 5.9 5.8 5.5
Inflation Rate (%) 3.40 2.5 2.4 2.8 2.2 2.9
Inflation Rate Mom (%) -0.30 0.3 0.4 0.4 0.5 0.6
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) -56.36 -190 -155 -75 -170 -70
Current Account to GDP (%) 3.20 3.2 3.2 3.2 3.2 3.3
Government Debt to GDP (%) 9.00 7.8 7.8 7.8 7.8 7.6
Government Budget (% of GDP) -0.30 1.2 1.2 1.2 1.2 1.5
Retail Sales MoM (%) -1.00 12 2 -3 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.8 0.7 0.7 0.5 0.4
GDP Annual Growth Rate (%) 4.20 3.6 3.3 3.3 2.2 2.6
GDP (USD Billion) 25.92 26.2 26.2 26.2 26.2 26.9
GDP Constant Prices (EUR Million) 4962.86 4615 5163 5045 5072 5204
Gross Fixed Capital Formation (EUR Million) 1307.21 989 1324 1329 1336 1371
GDP per capita (USD) 18977.39 18994 18994 18994 18994 19200
GDP per capita PPP (USD) 29481.25 29512 29512 29512 29512 30050
GDP From Agriculture (EUR Million) 131.04 70.76 1.47 133 134 137
GDP From Construction (EUR Million) 425.36 242 395 439 435 446
GDP From Manufacturing (EUR Million) 715.06 667 821 727 731 750
GDP From Mining (EUR Million) 71.62 82.57 69.85 73.98 73.2 75.1
GDP From Services (EUR Million) 64.68 54.16 58.55 65.75 66.11 67.82
GDP From Transport (EUR Million) 406.53 331 422 413 415 426
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.20 5.8 5.7 5.9 5.8 5.5
Wages (EUR/Month) 1291.00 1330 1341 1291 1420 1500
Wages in Manufacturing (EUR/Month) 1234.00 1220 1269 1234 1300 1450
Minimum Wages (EUR/Month) 500.00 540 526 526 540 590
Population (Million) 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 63.50 63.75 63.5 63.5 63.75 64
Retirement Age Men 63.50 63.75 63.5 63.5 63.75 64
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.40 2.5 2.4 2.8 2.2 2.9
Inflation Rate Mom (%) -0.30 0.3 0.4 0.4 0.5 0.6
Consumer Price Index CPI (Index Points) 210.50 212 215 217 2056 2116
Harmonised Consumer Prices (Index Points) 108.64 109 111 112 111 115
Core Consumer Prices (Index Points) 105.55 108 110 111 112 118
Producer Prices (Index Points) 112.90 0.1 0.4 0.1 123 128
Producer Prices Change (%) 1.60 0.9 1 0.7 1.7 2.1
CPI Transportation (Index Points) 186.32 190 196 196 194 200
Food Inflation (%) 1.80 4.3 4.17 4.47 4.8 5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) -56.36 -190 -155 -75 -170 -70
Current Account to GDP (%) 3.20 3.2 3.2 3.2 3.2 3.3
Imports (EUR Million) 1441.88 1550 1490 1352 1490 1610
Exports (EUR Million) 1385.51 1340 1320 1228 1320 1540
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 9.00 7.8 7.8 7.8 7.8 7.6
Government Budget (% of GDP) -0.30 1.2 1.2 1.2 1.2 1.5
Government Budget Value (EUR Million) 34.76 0.08 19.64 11.96 15.93 14.81
Government Spending (EUR Million) 754.63 852 922 780 771 791
Government Spending to GDP (%) 40.20 40.2 40.2 40.2 40.2 40.2
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 7.90 2.2 2.1 1.15 2.7 2.4
Industrial Production Mom (%) 4.50 0.8 -0.6 1.1 1.2 0.7
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales MoM (%) -1.00 12 2 -3 12 10
Retail Sales YoY (%) 5.00 4 4 2 2 2
Consumer Spending (EUR Million) 2595.20 2512 2656 2638 2652 2721
Bank Lending Rate (%) 3.48 3.46 3.46 3.51 3.56 3.56
Gasoline Prices (USD/Liter) 1.45 1.37 1.33 1.3 1.27 1.27


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.