Here is your first Forum » Economy of Estonia

Estonia is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, Estonia is able to provide its citizens with social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Estonia exports about US$15.11 billion and imports about US$16.38 billion each year. 5.5% of the country's population is unemployed. The total number of unemployed in Estonia is 71,873. In Estonia, 21% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Estonia is quite high, but it is not a cause for great concern in terms of investments. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 4.8% of GDP. The country's Gini index is 32.9. Estonia experiences good equality. The majority of citizens in Estonia fall within a narrow income bracket, although some cases can show significant differences. Estonia has a Human Development Index (HDI) of 0.84. Estonia has a high HDI value. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Estonia is 1.677. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Estonia is very safe in international comparison. The index of strength of legal rights for Estonia is 7. Overall, it is considered to be quite adequate – bankruptcy and collateral laws can at least adequately protect the rights of borrowers and lenders; Credit reports are usually sufficient and generally available.

Currency
The currency of Estonia is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100.

Credit rating
The creditworthiness depth index for Estonia is 7, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to the credit rating agency SP, Estonia has a credit rating of AA- and the prospects for this rating are stable. According to the rating agency Fitch, Estonia has a credit rating score of A+ and the prospects for this rating are stable. According to rating agency Moody's, Estonia has a credit rating score of A1 and the prospects for this rating are stable.

Central bank
The key interest rate of Estonian commercial banks is 5.1. In Estonia, the institution that manages the state's currency, money supply and interest rates is called the Bank of Estonia. Locally, the central bank of Estonia is called Eesti Pank. The average interest rate on deposits offered by local banks in Estonia is 0.5%.

National debt
The national debt of Estonia has not yet been calculated.

Tax information
The corporate income tax in Estonia is 20%. VAT in Estonia is 20%.

Finances
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Estonia is 36784 billion US dollars. The gross domestic product (GDP) per capita in Purchasing Power Parity (PPP) in Estonia was last recorded at USD 28 million. PPPs in Estonia are considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Estonia is 24,880 billion. Based on this statistic, Estonia is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Estonia was recently 19 million dollars.