Estonia GDP and its Economy overview

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Estonia GDP

Estonia country overview

Before we start to discuss Estonia GDP first we discuss Estonia country overview, so Estonia is officially called the Republic of Estonia. It is located in northern Europe. Tallinn is the capital and the largest city of Estonia.

Estonia GDP
Estonia GDP

Estonia’s official language is Estonian. In ethnic groups, 69% Estonian, 24% Russians, and other ethnic groups lived in Estonia.

In the religious divide, 74% have no religion, 34% are Christianity, and 1% other religious groups exist in Estonia. In the government system, Estonia’s government system is the Unitary parliamentary Republic country.

Its president’s name is Alar Karis. Its prime minister’s name is Kaja Kallas. Estonia’s total land area is 45,340 km2. Its land area rank is 129th in the world.

Its total population is 1,330,100 in the year 2021. Its population density is 31 / km2 which is considered a very low population density country in the world. Its population density rank is 148th in the world. 

Estonia Economy

Estonia’s currency is called the Euro. Estonia’s economy is considered a developed and advanced economy country. It has also a high-income economy country.

The inflation rate in Estonia is 3.5% in the year 2018. 21% of its population lived below the poverty line. Estonia’s HDI rate is 0.892 which is considered the highest in the world.

Its HDI rank is 29th in the world. The unemployment rate in Estonia is 7.9% in the year 2021. Its gross external debt is $19 billion in the year 2016. Estonia’s total foreign reserves are $344 million in the year 2017. 

Estonia GDP

Its total GDP is $35 billion (nominal) and $50 billion (PPP) in the year 2021. Its GDP rank is 97th (nominal) and 112th (PPP) in the year 2020.

Its GDP growth rate is 9% in the year 2021. Estonia’s GDP per capita is $27,100 (nominal) and $41,800 (PPP) in the year 2021.

Its GDP per capita rank is 35th (nominal) and 39th (PPP) in the year 2020. When we talk about its GDP by sector, so agriculture by 3%, industry by 29%, and services are 68% in the year 2017. 

Estonia’s Exports

Estonia’s total exports are Euro 14 billion in the year 2018. Its main export goods are electrical products, wood and wood products, food products, machinery, and others.

Its main export partners are Finland, Latvia, Russia, Germany, and others. 

Estonia’s Imports

Its total imports are euro 16 billion in the year 2018. Its main import goods are transport material, agriculture products, food products, and others. Its main import partners are Sweden, Russia, Germany, and others.

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