Estonia FlagEstonia

The Work Will Teach You How To Do It.

 

General


Population: 1,267,921 (2014), 1,266,375 (2013)
Land Area: 45,226 sq km
Natural Resources: Oil shale, peat, phosphate, clay, limestone, sand, dolomite, arable land, sea mud
Capital: Tallinn
Political System: Parliamentary Republic
State Leader: Toomas Hendrik Ilves (October 9th 2006)
Head of Government: Taavi Roivas (March 26th 2014)
Languages: Estonian, Russian
Currency: Estonian Kroon (EEK)
Major Religions: Evangelical Lutheran 13.6%, Orthodox 12.8%, Other Christian 1.4%, Unaffiliated 34.1%, Other and Unspecified 32%, None 6.1%
Major Ethnicities: Estonian 67.9%, Russian 25.6%, Ukrainian 2.1%, Belorussian 1.3%, Finn 0.9%, Other 2.2%
Life Expectancy: 74.07 years (2014), 73.82 years (2013)

Economy


GDP Official Exchange Rate: 24.28 billion (2013), 21.86 billion (2012)
GDP Purchasing Power Parity: 29.94 billion (2013), 29.57 billion (2012)
GDP Per Capita (PPP): 22,400 (2013), 22,100 (2012)
GDP Growth Rate: 1.5% (2013), 3.2% (2012)
GDP Structure: Agriculture 3.9%, Industry 30%, Services 66.2% (2013)
Labour Force By Occupation: Agriculture 4.2%, Industry 20.2%, Services 75.6% (2010)
Industries: Engineering, electronics, wood and wood products, textiles, information technology, telecommunications
Agriculture Products: Potatoes, vegetables; livestock and dairy products; fish
Human Development Index: 0.840 (33rd)(2014), 0.846 (33rd)(2013)
Tourism Revenue: 1.102 billion (2004)
Unemployment Rate: 10.9% (2013)

Military


Army Size: 4 934 (2004)
Budget: 2% of GDP (2005)

Current Situation

 

Estonia is located in Northern Europe. Estonia is bordered by Latvia and Russia, it also shares close maritime borders with Finland and Sweden. Estonia has a very high growth rate and has been effective in implementing economic reform since obtaining independence from the Soviet Union in 1991. Despite all of this, Estonia was particularly hit hard by the global recession.

(2013) Estonia has returned to strong growth following a hard hit in 2009.

(2014) Estonia's economy continues to recover from the financial crisis and is expected to return to the level of growth seen before the crisis. Taavi Roivas was selected as the new Prime Minister of Estonia in March 2014, he his from the same party as former Prime Minister Andrus Ansip and should continue on with similar policies.

Thoughts & Comments

 

Sources

CIA World Factbook: Estonia
Wikipedia: Estonia
http://hdrstats.undp.org/en/countries/profiles/EST.html

Updated on: August 30th, 2014