Estonia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.5 0.5 0.4 0.6 0.8 percent [+]
Unemployment Rate 7.50 6.2 6.3 6.1 5.9 5.7 percent [+]
Inflation Rate 0.60 0.6 0.8 1 1.1 1.9 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -62.26 -98.25 -99.83 -99.83 -99.82 -99.82 EUR Million [+]
Government Debt to GDP 9.70 9.5 9.5 9.5 10.95 8 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 1047.86 1020 1010 999 989 824 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.5 0.5 0.4 0.6 0.8 percent [+]
GDP Annual Growth Rate 1.10 1.2 1.7 1.5 1.7 2.5 percent [+]
GDP 22.69 22.84 22.95 23.11 22.86 31.14 USD Billion [+]
GDP Constant Prices 4405.78 4637 4290 4592 4460 4853 EUR Million [+]
Gross Fixed Capital Formation 1034.93 1296 826 1042 1032 1147 EUR Million [+]
GDP per capita 17761.62 18011 18150 18289 18429 20344 USD [+]
GDP per capita PPP 26929.66 27397 27614 27832 28049 30903 USD [+]
GDP From Agriculture 120.56 149 133 138 137 127 EUR Million [+]
GDP From Construction 226.39 227 163 226 246 220 EUR Million [+]
GDP From Manufacturing 714.46 715 670 748 716 747 EUR Million [+]
GDP From Mining 36.40 37.1 37.14 35.74 36.25 36.38 EUR Million [+]
GDP From Services 53.58 66.72 53.78 55.42 67.97 67.44 EUR Million [+]
GDP From Transport 296.69 282 288 292 291 285 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.50 6.2 6.3 6.1 5.9 5.7 percent [+]
Employed Persons 653.30 635 633 649 646 637 Thousand [+]
Unemployed Persons 26.91 27.56 28.17 28.12 28 28 Thousand [+]
Long Term Unemployment Rate 2.00 1.91 1.81 1.99 1.86 1.92 percent [+]
Youth Unemployment Rate 14.60 14.61 14.36 14.45 14.42 14.43 percent [+]
Labour Costs 124.38 126 126 126 126 127 Index Points [+]
Job Vacancies 4.80 4.72 4.81 4.8 4.79 4.8 Thousand [+]
Wages 1118.64 1142 1099 1146 1140 1260 EUR/Month [+]
Wages in Manufacturing 1088.97 1079 1061 1076 1080 1121 EUR/Month [+]
Wage Growth 7.50 7.29 6.68 6.28 6.57 6.49 percent [+]
Minimum Wages 430.00 430 430 430 430 500 EUR/Month [+]
Population 1.32 1.32 1.32 1.33 1.33 1.34 Million [+]
Retirement Age Women 62.10 62.1 62.1 62.1 62.1 62.1 [+]
Retirement Age Men 63.00 63 63 63 63 63 [+]
Employment Change 1.70 0.06 0.43 0 -0.03 -0.01 percent [+]
Employment Rate 66.50 64.7 64.62 66.17 65.83 65.01 percent [+]
Full Time Employment 560.20 560 550 566 575 566 Thousand [+]
Productivity 105.80 107 100 105 106 105 Index Points [+]
Part Time Employment 62.40 59.24 59.93 60.35 59.9 59.41 Thousand [+]
Labor Force Participation Rate 71.90 70.41 70.01 71.54 71.7 70.95 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.60 0.6 0.8 1 1.1 1.9 percent [+]
Inflation Rate Mom -0.30 0.4 0.5 0.5 -0.29 0.6 percent [+]
Harmonised Consumer Prices 101.09 101 100 100 99.85 99.66 Index Points [+]
Consumer Price Index CPI 195.72 195 195 195 195 196 Index Points [+]
Core Consumer Prices 102.10 102 102 102 103 103 Index Points [+]
Core Inflation Rate 0.60 0.64 0.27 0.09 -0.02 -0.31 percent [+]
GDP Deflator 116.81 117 118 118 119 120 Index Points [+]
Producer Prices 107.88 110 110 112 109 126 Index Points [+]
Producer Prices Change 0.80 -0.1 0.2 0.4 1.41 1.8 percent [+]
Export Prices 319.73 322 322 323 323 323 Index Points [+]
Import Prices 137.26 138 138 138 138 138 Index Points [+]
Food Inflation -0.70 -1.25 -1.73 -1.89 -1.94 -1.97 percent [+]
Cpi Transportation 176.07 176 176 176 176 176 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M1 10793.00 11437 11869 12318 12784 20692 EUR Million [+]
Money Supply M2 13303.00 13819 14157 14505 14862 20465 EUR Million [+]
Banks Balance Sheet 23820.10 24178 24627 25033 25404 29158 EUR Million [+]
Loans to Private Sector 7481.90 7611 7806 7978 8129 9057 EUR Million [+]
Central Bank Balance Sheet 6632472.20 7101569 6953732 7186533 7515733 9810146 EUR Thousand [+]
Private Debt to GDP 194.69 198 198 199 199 201 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -62.26 -98.25 -99.83 -99.83 -99.82 -99.82 EUR Million [+]
Exports 1103.85 991 1045 1017 1034 1028 EUR Million [+]
Imports 1166.11 1127 1136 1130 1133 1133 EUR Million [+]
Current Account 104.40 -158 -167 -173 -176 -149 EUR Million [+]
Current Account to GDP 1.90 1.4 1 1 0 0.4 percent [+]
External Debt 19566.10 19624 19644 19765 19845 20232 EUR Million [+]
Capital Flows 267.70 265 33.07 210 153 167 EUR Million [+]
Foreign Direct Investment 114.90 83.29 107 84.45 114 104 EUR Million [+]
Remittances 56.30 83.48 61.62 61.34 68.32 80.17 EUR Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 0.25 0.25 Tonnes [+]
Terrorism Index 1.10 0.49 0.5 0.5 0.51 0.52 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 9.70 9.5 9.5 9.5 10.95 8 percent [+]
Government Budget 0.40 -0.1 -0.2 -0.2 0.61 0.5 percent of GDP [+]
Government Budget Value -9.45 -3.9 -3.14 -2.57 -2.8 -2.78 EUR Million [+]
Government Spending 869.01 869 749 869 749 869 EUR Million [+]
Government Spending to GDP 39.50 39.34 39.11 38.87 38.64 38.62 percent [+]
Government Revenues 557.09 608 591 598 595 596 EUR Million [+]
Fiscal Expenditure 566.54 593 588 589 589 589 EUR Million [+]
Asylum Applications 20.00 14.68 13.87 14.21 14.05 14.09 persons [+]
Military Expenditure 545.70 543 558 574 576 598 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 104.00 105 105 105 105 105 [+]
Industrial Production 5.00 3.2 2.9 2.9 9.35 1.8 percent [+]
Industrial Production Mom -0.80 -0.8 1.8 1.8 1.13 0.7 percent [+]
Manufacturing Production 1.90 2.54 3.33 2.94 3.91 4.74 percent [+]
Capacity Utilization 75.00 73.25 75.01 75.27 75.24 74.21 percent [+]
Changes in Inventories 58.32 -13.92 197 18.86 178 17.72 EUR Million [+]
Car Registrations 1911.00 1973 1967 1961 1962 1962 Cars [+]
Cement Production 43.90 35.14 33.83 38.14 38.59 37.22 Thousands of Tonnes [+]
Competitiveness Index 4.78 4.76 4.76 4.76 4.76 4.83 Points [+]
Competitiveness Rank 30.00 29.62 29.62 32.89 33.98 20.24 [+]
Ease of Doing Business 12.00 13.11 13.42 13.57 13.72 15.82 [+]
Electricity Production 1192.00 1049 926 943 972 966 Gigawatt-hour [+]
Corporate Profits 670576.00 721163 557420 662484 784870 675701 EUR Thousand [+]
Corruption Index 70.00 73.6 74.28 74.97 75.65 84.19 Points [+]
Corruption Rank 23.00 27.95 27.87 27.79 27.71 27.62 [+]
Mining Production -1.10 -13.4 -9.54 -10.7 -11.17 -10.84 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -3.30 -2.9 -2.12 -1.67 -1.4 -0.98 [+]
Retail Sales MoM 3.00 22 -1 -1 1.67 10 percent [+]
Retail Sales YoY 2.00 6 8 8 1.11 2 percent [+]
Consumer Spending 2425.00 2508 2514 2524 2485 2792 EUR Million [+]
Personal Savings 8.21 8.86 8.68 8.49 8.31 8.06 percent [+]
Consumer Credit 7631.30 7706 7813 7915 8011 8909 EUR Million [+]
Bank Lending Rate 3.22 3.23 3.3 3.26 3.24 3.26 percent [+]
Households Debt To Income 70.87 66.79 65.8 64.81 63.82 54.65 percent [+]
Gasoline Prices 1.09 1.06 1.05 1.05 1.05 1.05 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 161.92 167 169 170 171 173 Index Points [+]
Building Permits 1485.00 1567 1433 1681 1499 1565 [+]
Construction Output 1.30 2.44 -2.21 2.27 2.4 1.82 percent [+]
Home Ownership Rate 81.50 81.43 81.42 81.41 81.4 81.34 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 20.00 20 20 20 20 20 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 35.40 35.4 35.4 35.4 35.4 35.4 percent [+]
Social Security Rate For Companies 33.80 33.8 33.8 33.8 33.8 33.8 percent [+]
Social Security Rate For Employees 1.60 1.6 1.6 1.6 1.6 1.6 percent [+]





Economic Forecasts for Estonia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Estonia economy. 12/5/2016