Country Details
Estonia
Europe between the North Atlantic Ocean in the west and Russia, Belarus, and Ukraine to the east
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Economy
Detailed information and insights
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024
$24.441 trillion (2024 est.)
Real GDP (purchasing power parity) 2023
$24.17 trillion (2023 est.)
Real GDP (purchasing power parity) 2022
$24.036 trillion (2022 est.)
Real GDP growth rate
Real GDP growth rate 2024
1% (2024 est.)
Real GDP growth rate 2023
0.5% (2023 est.)
Real GDP growth rate 2022
3.5% (2022 est.)
Real GDP per capita
Real GDP per capita 2024
$54,300 (2024 est.)
Real GDP per capita 2023
$53,800 (2023 est.)
Real GDP per capita 2022
$53,700 (2022 est.)
GDP (official exchange rate)
$19.423 trillion (2024 est.)
Note
note: data in current dollars at official exchange rate
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2024
2.4% (2024 est.)
Inflation rate (consumer prices) 2023
6.3% (2023 est.)
Inflation rate (consumer prices) 2022
8.8% (2022 est.)
GDP - composition, by sector of origin
Agriculture
1.6% (2024 est.)
Industry
22.1% (2024 est.)
Services
66.1% (2024 est.)
GDP - composition, by end use
Household consumption
51.6% (2023 est.)
Government consumption
20.8% (2023 est.)
Investment in fixed capital
22% (2023 est.)
Investment in inventories
0.4% (2023 est.)
Exports of goods and services
51.9% (2023 est.)
Imports of goods and services
-48.3% (2023 est.)
Agricultural products
milk, wheat, sugar beets, maize, potatoes, barley, grapes, pork, rapeseed, tomatoes (2022)
Note
note: top ten agricultural products based on tonnage for all EU member states
Industries
among the world's largest and most technologically advanced regions, the EU industrial base includes: ferrous and non-ferrous metal production and processing, metal products, petroleum, coal, cement, chemicals, pharmaceuticals, aerospace, rail transportation equipment, passenger and commercial vehicles, construction equipment, industrial equipment, shipbuilding, electrical power equipment, machine tools and automated manufacturing systems, electronics and telecommunications equipment, fishing, food and beverages, furniture, paper, textiles
Industrial production growth rate
-0.7% (2024 est.)
Note
note: annual % change in industrial value added based on constant local currency
Labor force
221.391 million (2024 est.)
Note
note: number of people ages 15 or older who are employed or seeking work
Unemployment rate
Unemployment rate 2024
6% (2024 est.)
Unemployment rate 2023
6.1% (2023 est.)
Unemployment rate 2022
6.2% (2022 est.)
Youth unemployment rate (ages 15-24)
Total
15.9% (2024 est.)
Male
16% (2024 est.)
Female
16% (2024 est.)
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2015
31 (2015 est.)
Remittances
Remittances 2024
0.8% of GDP (2024 est.)
Remittances 2023
0.8% of GDP (2023 est.)
Remittances 2022
0.8% of GDP (2022 est.)
Public debt
Public debt 2013
85.5% of GDP (2013)
Taxes and other revenues
19.8% (of GDP) (2022 est.)
Note
note: central government tax revenue as a % of GDP
Exports
Exports 2024
$9.783 trillion (2024 est.)
Exports 2023
$9.689 trillion (2023 est.)
Exports 2022
$9.425 trillion (2022 est.)
Exports - partners
US 20%, UK 12%, China 10%, Switzerland 7%, Turkey 4% (2023)
Note
note: top five non-EU export partners based on percentage share of external exports; does not include internal trade among EU member states
Exports - commodities
cars, packaged medicine, refined petroleum, vehicle parts/accessories, vaccines (2023)
Note
note: top five export commodities based on value in dollars; includes both exports to external partners and internal trade among EU member states
Imports
Imports 2024
$8.953 trillion (2024 est.)
Imports 2023
$8.978 trillion (2023 est.)
Imports 2022
$9.072 trillion (2022 est.)
Imports - partners
China 21%, US 14%, UK 7%, Switzerland 6%, Norway 5% (2023)
Note
note: top five non-EU import partners based on percentage share of external imports; does not include internal trade among EU member states
Imports - commodities
cars, crude petroleum, natural gas, refined petroleum, vehicle parts/accessories (2023)
Note
note: top five import commodities based on value in dollars; includes both imports from external partners and internal trade among EU member states
Exchange rates
Currency
euros (EUR) per US dollar -
Exchange rates 2024
0.924 (2024 est.)
Exchange rates 2023
0.925 (2023 est.)
Exchange rates 2022
0.95 (2022 est.)
Exchange rates 2021
0.845 (2021 est.)
Exchange rates 2020
0.876 (2020 est.)