telephone: [372] 668-8100
FAX: [372] 668-8134

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, as a new member of the World Trade Organization and the
European Union, has transitioned effectively to a modern market
economy with strong ties to the West, including the pegging of 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 enjoyed a surplus of $130 million in 2003.

GDP (purchasing power parity):
$19.23 billion (2004 est.)

GDP - real growth rate:
6% (2004 est.)

GDP - per capita:
purchasing power parity - $14,300 (2004 est.)

GDP - composition by sector:
agriculture: 4.1%
industry: 28.9%
services: 67% (2004 est.)

Labor force:
660,000 (2004 est.)

Labor force - by occupation:
agriculture 11%, industry 20%, services 69% (1999 est.)

Unemployment rate:
9.6% (2004 est.)

Population below poverty line:
NA (2000)

Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 29.8% (1998)

Distribution of family income - Gini index:
37 (1999)

Inflation rate (consumer prices):
3% (2004 est.)

Investment (gross fixed):
28.2% of GDP (2004 est.)

Budget:
revenues: $4.622 billion
expenditures: $4.601 billion, including capital expenditures of NA
(2004 est.)

Public debt:
5.4% of GDP (2004 est.)

Agriculture - products:
potatoes, vegetables; livestock and dairy products; fish

Industries:
engineering, electronics, wood and wood products, textile;
information technology, telecommunications

Industrial production growth rate:
5% (2000 est.)

Electricity - production:
8.301 billion kWh (2002)

Electricity - production by source:
fossil fuel: 99.8%
hydro: 0.1%
nuclear: 0%
other: 0.2% (2001)

Electricity - consumption:
6.358 billion kWh (2002)

Electricity - exports:
1.562 billion kWh (2002)

Electricity - imports:
200 million kWh (2002)

Oil - production:
5,100 bbl/day (2001 est.)

Oil - consumption:
24,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Natural gas - production:
0 c