Estonia Overview*

  • Capital -- Tallinn
  • Population -- 1,324,333
  • Language -- Estonian
  • GDP per capita($) -- 16,700
  • Currency -- Estonian kroon (EEK)
  • Year Joined EU -- 2004

Macroeconomic Performance

  • GDP($) -- 26,850,000,000
  • GDP per capita($) -- 16,700
  • GDP growth rate(%) -- 9.60
  • Inflation(%) -- 4.10
  • Unemployment(%) -- 7.90
  • Imports($) -- 9,189,000,000
  • Exports($) -- 7,439,000,000
  • Military Spending($) -- 155,000,000
  • Military Spending (% of GDP) -- 2.00

General Information

  • Land Area (sq. km) -- 45,226
  • slightly smaller than New Hampshire and Vermont combined
  • Population growth rate(%) -- -0.64
  • Infant Mortality (deaths per 1,000 live births) -- 7.73
  • Life Expectancy -- 72.04
  • Poverty --
  • Migration -- -3.2 migrant(s)/1,000 pop

  • * all data/material from the CIA World Fact Book 2006

Estonia

After centuries of Danish, Swedish, German, and Russian rule, Estonia attained independence in 1918. Forcibly incorporated into the USSR in 1940 - an action never recognized by the US - it regained its freedom in 1991, with the collapse of the Soviet Union. Since the last Russian troops left in 1994, Estonia has been free to promote economic and political ties with Western Europe. It joined both NATO and the EU in the spring of 2004.

Economic Overview


Estonia has a modern market-based economy with strong ties to the West. It is a WTO and EU member and pegs its currency to the euro. The economy benefits from strong electronics and telecommunications sectors and is greatly influenced by developments in Finland, Sweden, and Germany, three major trading partners. The current account deficit remains high; however, the state budget is essentially in balance, and public debt is low.