IHO, ILO, IMF, IMO,
Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, ITUC, MIGA, NATO,
NIB, NSG, OAS (observer), OPCW, OSCE, PCA, Schengen Convention, UN,
UNCTAD, UNESCO, UNHCR, UNITAR, UNTSO, UPU, WCO, WEU (associate
partner), WFTU, WHO, WIPO, WMO, WTO

Diplomatic representation in the US:

chief of mission: Ambassador Vaino REINART
chancery: 2131 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 588-0101
FAX: [1] (202) 588-0108
consulate(s) general: New York

Diplomatic representation from the US:

chief of mission: Ambassador Stanley Davis PHILLIPS
embassy: Kentmanni 20, 15099 Tallinn
mailing address: use embassy street address
telephone: [372] 668-8100
FAX: [372] 668-8265

Flag description:

pre-1940 flag restored by Supreme Soviet in May 1990 - three equal
horizontal bands of blue (top), black, and white

Economy
Estonia

Economy - overview:

Estonia, a 2004 European Union entrant, has a modern market-based
economy and one of the highest per capita income levels in Central
Europe. The economy benefits from strong electronics and
telecommunications sectors and strong trade ties with Finland,
Sweden, and Germany. The current government has pursued relatively
sound fiscal policies, resulting in balanced budgets and low public
debt. In 2007, however, a large current account deficit and rising
inflation put pressure on Estonia's currency, which is pegged to the
euro, highlighting the need for growth in export-generating
industries.

GDP (purchasing power parity):

$28.69 billion (2007 est.)

GDP (official exchange rate):

$21.28 billion (2007 est.)

GDP - real growth rate:

7.1% (2007 est.)

GDP - per capita (PPP):

$21,800 (2007 est.)

GDP - composition by sector:

agriculture: 3%
industry: 28.5%
services: 68.5% (2007 est.)

Labor force:

687,000 (2007 est.)

Labor force - by occupation:

agriculture: 11%
industry: 20%
services: 69% (1999 est.)

Unemployment rate:

4.7% (2007 est.)

Population below poverty line:

5% (2003)

Household income or consumption by percentage share:

lowest 10%: 2.5%
highest 10%: 27.6% (2003)

Distribution of family income - Gini index:

34 (2005)

Investment (gross fixed):

31.9% of GDP (2007 est.)

Budget:

revenues: $7.854 billion
expenditures: $7.171 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

3.4% of GDP (2007 est.)

Inflation rate (c