Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.13 1.13 1.12 1.12 1.11 1.1
Stock Market (points) 1961.81 1970 1916 1864 1814 1716

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.70 0.2 0.5 0.9 0.6 0.7
GDP Annual Growth Rate (%) 8.60 5.3 4.5 2.7 2.5 3.8
Unemployment Rate (%) 5.70 5.5 5.5 5.4 5.4 5.6
Inflation Rate (%) 7.00 7.4 6.5 4.9 3.3 2.3
Inflation Rate Mom (%) -0.20 0.2 0.2 0.2 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0.1
Balance of Trade (EUR Million) -72.00 -110 -110 -110 -110 -110
Current Account to GDP (% of GDP) -0.60 0.7 -0.3 -0.3 -0.3 -0.3
Government Debt to GDP (% of GDP) 18.20 20 20 20 20 23
Government Budget (% of GDP) -4.90 -7.1 -6.3 -6.3 -6.3 -6.3
Retail Sales MoM (%) -1.90 12 13 13 13 9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.70 0.2 0.5 0.9 0.6 0.7
GDP Annual Growth Rate (%) 8.60 5.3 4.5 2.7 2.5 3.8
GDP (USD Billion) 30.65 28 28 28 28 32
GDP Constant Prices (EUR Million) 6333.00 5635 6120 6504 6491 7036
Gross Fixed Capital Formation (EUR Million) 2240.80 1641 2128 2301 2297 3340
GDP per capita (USD) 19735.70 19700 19700 19700 19700 20500
GDP per capita PPP (USD) 35638.42 35000 35000 35000 35000 36500
GDP From Agriculture (EUR Million) 53.40 136 83.39 54.84 54.74 177
GDP From Construction (EUR Million) 415.30 409 292 427 426 441
GDP From Manufacturing (EUR Million) 856.20 773 838 879 878 860
GDP From Mining (EUR Million) 82.00 93.06 66.25 84.21 84.05 64.82
GDP From Services (EUR Million) 55.00 64.15 40.13 56.49 56.38 60.99
GDP From Transport (EUR Million) 608.10 430 523 625 623 565

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 5.70 5.5 5.5 5.4 5.4 5.6
Labour Costs (points) 129.56 157 123 124 135 129
Wages (EUR/Month) 1553.00 1595 1536 1604 1619 1660
Wages in Manufacturing (EUR/Month) 1462.00 1506 1436 1491 1524 1538
Minimum Wages (EUR/Month) 584.00 584 600 600 600 600
Population (Million) 1.33 1.32 1.32 1.32 1.32 1.32
Retirement Age Women 63.75 64 64 64 64 64.25
Retirement Age Men 63.75 64 64 64 64 64.25

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 7.00 7.4 6.5 4.9 3.3 2.3
Inflation Rate Mom (%) -0.20 0.2 0.2 0.2 0.2 0.2
Consumer Price Index CPI (points) 227.10 228 229 231 235 233
Harmonised Consumer Prices (points) 117.61 118 118 119 121 120
Core Consumer Prices (points) 112.10 122 112 113 114 114
Core Inflation Rate (%) 4.70 3.6 4.2 2.9 2 1.8
Producer Prices (points) 131.46 120 139 142 146 151
Producer Prices Change (%) 19.00 23 21.5 17.3 11 9.5
CPI Transportation (points) 209.47 202 210 211 211 212
Food Inflation (%) 2.70 2 1.8 1.8 1.8 4

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0 0.1

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Million) -72.00 -110 -110 -110 -110 -110
Current Account to GDP (% of GDP) -0.60 0.7 -0.3 -0.3 -0.3 -0.3
Imports (EUR Million) 1772.00 1620 1620 1620 1620 1620
Exports (EUR Million) 1700.00 1510 1510 1510 1510 1510

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 18.20 20 20 20 20 23
Government Budget (% of GDP) -4.90 -7.1 -6.3 -6.3 -6.3 -6.3
Government Budget Value (EUR Million) -136.00 14.78 14.78 14.78 14.78 14.78
Government Spending (EUR Million) 1124.70 1059 1146 1155 1153 1463
Government Spending to GDP (% of GDP) 45.10 42.6 42.6 42.6 42.6 42.6

Taxes Actual Q4 Q1 Q2 Q3 2022
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 (%) 37.40 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 (%) 3.60 1.6 1.6 1.6 1.6 1.6

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 2.80 2.6 1.9 2.1 2.1 3.2
Industrial Production Mom (%) -2.40 0.6 0.6 0.6 0.6 0.6

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales MoM (%) -1.90 12 13 13 13 9
Retail Sales YoY (%) 10.30 4.5 4.9 2.5 1.9 4
Consumer Spending (EUR Million) 3161.00 2858 3035 3246 3240 3459
Consumer Credit (EUR Million) 10186.40 9429 10354 10404 10351 10728
Bank Lending Rate (%) 3.50 4.24 3.5 3.5 3.5 3.6
Gasoline Prices (USD/Liter) 1.77 1.29 1.6 1.52 1.44 1.37


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Estonia Forecast - was last updated on Thursday, December 2, 2021.