Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.12 1.13 1.13 1.12 1.12 1.11
Stock Market (points) 1267.01 1247 1240 1232 1225 1210
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.50 0.3 0.3 0.7 0.8 0.8
GDP Annual Growth Rate (%) 4.50 2.9 1.2 1.5 2.2 3
Unemployment Rate (%) 4.70 4.2 4 4.9 4.2 4.5
Inflation Rate (%) 2.40 2.8 2.2 2.3 2.2 2.9
Inflation Rate Mom (%) 0.20 0.4 0.5 0.5 0.5 0.6
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (EUR Million) -104.70 -110 -110 -160 -190 -130
Current Account to GDP (%) 1.70 1.3 1.3 1 1 1
Government Debt to GDP (%) 8.40 8.5 8.5 8.3 8.3 8.3
Government Budget (% of GDP) -0.60 -0.3 -0.3 -0.6 -0.6 -0.6
Retail Sales MoM (%) 4.80 -3 12 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.50 0.3 0.3 0.7 0.8 0.8
GDP Annual Growth Rate (%) 4.50 2.9 1.2 1.5 2.2 3
GDP (USD Billion) 30.28 30.9 30.9 33.3 33.3 33.3
GDP Constant Prices (EUR Million) 4827.37 5115 5353 5384 5316 5492
Gross Fixed Capital Formation (EUR Million) 1250.62 1350 1559 1568 1548 1599
GDP per capita (USD) 19948.90 21500 21500 25000 25000 25000
GDP per capita PPP (USD) 30990.51 31250 31250 32200 32200 32200
GDP From Agriculture (EUR Million) 94.04 141 129 130 128 132
GDP From Construction (EUR Million) 271.46 439 389 391 386 399
GDP From Manufacturing (EUR Million) 751.82 739 734 738 729 753
GDP From Mining (EUR Million) 82.50 73.98 88.4 88.92 87.8 90.7
GDP From Services (EUR Million) 50.50 66.82 60.94 61.3 60.52 62.52
GDP From Transport (EUR Million) 384.28 409 409 411 406 420
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 4.70 4.2 4 4.9 4.2 4.5
Wages (EUR/Month) 1309.00 1346 1443 1443 1443 1518
Wages in Manufacturing (EUR/Month) 1277.00 1287 1363 1363 1363 1433
Minimum Wages (EUR/Month) 540.00 540 540 590 590 590
Population (Million) 1.32 1.32 1.32 1.32 1.32 1.32
Retirement Age Women 63.50 63.5 63.75 64 64 64
Retirement Age Men 63.50 63.5 63.75 64 64 64
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.40 2.8 2.2 2.3 2.2 2.9
Inflation Rate Mom (%) 0.20 0.4 0.5 0.5 0.5 0.6
Consumer Price Index CPI (Index Points) 214.66 217 215 213 216 221
Core Consumer Prices (Index Points) 107.32 111 111 110 110 116
Producer Prices (Index Points) 113.40 116 115 115 116 117
Producer Prices Change (%) 0.50 1.1 1.7 2.1 2 2.1
CPI Transportation (Index Points) 190.92 196 190 190 192 196
Food Inflation (%) 3.10 4.47 4.8 4.8 4.8 5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) -104.70 -110 -110 -160 -190 -130
Current Account to GDP (%) 1.70 1.3 1.3 1 1 1
Imports (EUR Million) 1445.40 1400 1360 1420 1590 1410
Exports (EUR Million) 1340.70 1290 1250 1260 1400 1280
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 8.40 8.5 8.5 8.3 8.3 8.3
Government Budget (% of GDP) -0.60 -0.3 -0.3 -0.6 -0.6 -0.6
Government Spending (EUR Million) 852.72 779 1006 1012 999 1033
Government Spending to GDP (%) 39.50 40 40 39.9 39.9 39.9
Taxes Actual Q3 Q4 Q1 Q2 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 (%) 37.40 35.4 35.4 35.4 37.4 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 3.6 1.6
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) 1.20 3 3.2 2.7 2.7 2.8
Industrial Production Mom (%) 0.30 1.1 1.2 0.7 0.7 0.7
Consumer Actual Q3 Q4 Q1 Q2 2020
Retail Sales MoM (%) 4.80 -3 12 12 12 10
Retail Sales YoY (%) 1.60 2 2 2 2 2
Consumer Spending (EUR Million) 2556.80 2681 2715 2731 2697 2786
Bank Lending Rate (%) 3.51 3.49 3.49 3.74 3.4 3.74
Gasoline Prices (USD/Liter) 1.50 1.42 1.39 1.36 1.34 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.