| variable | 1992-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 4.64 | 6.12 | -6.09 | 3.15 | 7.15 | 0.06 | -3.02 | -0.26 | 0.74 |
| CPI % | 17.36 | 4.94 | 1.47 | 2.26 | 4.49 | 19.45 | 9.12 | 3.73 | 5.77 |
| Unemployment rate | 9.98 | 8.59 | 15.13 | 7.37 | 6.18 | 5.57 | 6.38 | 7.5 | 7.12 |
| Debt/GDP % | 6.41 | 4.92 | 7.98 | 10.89 | 18.42 | 19.11 | 20.18 | 23.62 | 25.41 |
| Current account balance/GDP % | -5.85 | -11.26 | 2.17 | 0.41 | -3.61 | -3.89 | -1.74 | -1.13 | -2.57 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
After centuries of Danish, Swedish, German, and Russian rule, Estonia attained independence in 1918. Forcibly incorporated into the USSR in 1940 -- an action never recognized by the US and many other countries -- it regained its freedom in 1991 with the collapse of the Soviet Union. Since the last Russian troops left in 1994, Estonia has been free to promote economic and political ties with the West. It joined both NATO and the EU in 2004, formally joined the OECD in 2010, and adopted the euro as its official currency in 2011.
Area: 45,228 km2
Climate: maritime; wet, moderate winters, cool summers
Natural resources: oil shale, peat, rare earth elements, phosphorite, clay, limestone, sand, dolomite, arable land, sea mud
Groups: Estonian 69.1%, Russian 23.7%, Ukrainian 2.1%, other 4.6%, unspecified 0.5% (2021 est.)
Languages: Estonian (official) 67.2%, Russian 28.5%, other 3.7%, unspecified 0.6% (2021est.)
Religions: Orthodox 16.5%, Protestant 9.2% (Lutheran 7.7%, other Protestant 1.5%), other 3% (includes Roman Catholic, Muslim, Jehovah's Witness, Pentecostal, Buddhist, and Taara Believer), none 58.4%, unspecified 12.9% (2021 est.)
Capital: Tallinn
Government type: parliamentary republic
Chief of state: President Alar KARIS (since 11 October 2021)
Head of government: Prime Minister Kristen MICHAL (since 23 July 2024)cabinet: Cabinet appointed by the prime minister, approved by Parliamentelection/appointment process: president indirectly elected by Parliament for a 5-year term (eligible for a second term); if a candidate does not secure two thirds of the votes after 3 rounds of balloting, then an electoral college consisting of Parliament members and local council members elects the president, choosing between the 2 candidates with the most votes; if a president is still not elected, the process begins again; prime minister nominated by the president and approved by Parliamentmost recent election date: 30-31 August 2021election results: 2021: Alar KARIS (independent) elected president; won second round of voting in parliament with 72 of 101 votes2016: Kersti KALJULAID elected president; won sixth round of voting in parliament with 81 of 98 votes (17 ballots blank); KALJULAID sworn in on 10 October 2016 - first female head of state of Estoniaexpected date of next election: 2026
Description: legislature name: The Estonian Parliament (Riigikogu)legislative structure: unicameralnumber of seats: 101 (all directly elected)electoral system: proportional representationscope of elections: full renewalterm in office: 4 yearsmost recent election date: 3/5/2023parties elected and seats per party: Reform Party (37); Conservative People's Party (EKRE) (17); Centre Party (16); Estonia 200 (Eesti 200) (14); Social Democratic Party (9); Pro Patria (Isamaa) (8)percentage of women in chamber: 28.7%expected date of next election: March 2027
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"