Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.1 1.1 1.09
Stock Market (points) 1250.70 1250 1242 1234 1227 1212
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 2.20 0.3 0.3 0.3 0.7 0.8
GDP Annual Growth Rate (%) 4.20 3 2.9 1.2 1.5 3
Unemployment Rate (%) 4.70 4.1 4.2 4 4.9 4.5
Inflation Rate (%) 3.20 2.4 2.8 2.2 2.3 2.9
Inflation Rate Mom (%) 1.30 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) -177.00 -190 -110 -110 -160 -130
Current Account to GDP (%) 1.70 1.3 1.3 1.3 1 1
Government Debt to GDP (%) 8.40 8.5 8.5 8.5 8.3 8.3
Government Budget (% of GDP) -0.60 -0.3 -0.3 -0.3 -0.6 -0.6
Retail Sales MoM (%) 13.80 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 0.3 0.3 0.3 0.7 0.8
GDP Annual Growth Rate (%) 4.20 3 2.9 1.2 1.5 3
GDP (USD Billion) 25.92 26.2 26.2 26.2 26.9 26.9
GDP Constant Prices (EUR Million) 5237.55 5164 5023 5300 5316 5459
Gross Fixed Capital Formation (EUR Million) 1525.22 1324 1326 1544 1548 1590
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 4.2 139 128 128 131
GDP From Construction (EUR Million) 380.37 388 432 385 386 396
GDP From Manufacturing (EUR Million) 718.12 821 726 727 729 749
GDP From Mining (EUR Million) 86.50 68.63 72.66 87.54 87.8 90.16
GDP From Services (EUR Million) 59.63 58.78 65.62 60.34 60.52 62.15
GDP From Transport (EUR Million) 400.10 421 402 405 406 417
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.70 4.1 4.2 4 4.9 4.5
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 (%) 3.20 2.4 2.8 2.2 2.3 2.9
Inflation Rate Mom (%) 1.30 0.4 0.4 0.5 0.5 0.6
Consumer Price Index CPI (Index Points) 213.80 215 217 215 216 221
Core Consumer Prices (Index Points) 107.03 110 111 111 110 116
Producer Prices (Index Points) 112.97 114 115 115 115 117
Producer Prices Change (%) 0.40 1 0.7 1.7 2.2 2.1
CPI Transportation (Index Points) 195.25 196 196 190 192 196
Food Inflation (%) 3.60 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) -177.00 -190 -110 -110 -160 -130
Current Account to GDP (%) 1.70 1.3 1.3 1.3 1 1
Imports (EUR Million) 1406.70 1510 1400 1360 1420 1410
Exports (EUR Million) 1229.70 1320 1290 1250 1260 1280
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 8.40 8.5 8.5 8.5 8.3 8.3
Government Budget (% of GDP) -0.60 -0.3 -0.3 -0.3 -0.6 -0.6
Government Spending (EUR Million) 984.68 905 765 996 999 1026
Government Spending to GDP (%) 39.50 40 40 40 39.9 39.9
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 (%) 2.40 3.6 3 3.2 2.7 2.8
Industrial Production Mom (%) 0.60 -0.6 1.1 1.2 0.7 0.7
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales MoM (%) 13.80 2 -3 12 12 10
Retail Sales YoY (%) 5.50 4 2 2 2 2
Consumer Spending (EUR Million) 2656.80 2652 2633 2689 2697 2769
Bank Lending Rate (%) 3.79 3.49 3.49 3.49 3.74 3.74
Gasoline Prices (USD/Liter) 1.61 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.