Share

Estonia Economic Snapshot

Economic Forecast Summary (December 2021)

Despite the fast escalation of infections at the beginning of the year, GDP is projected to grow by 9.6% in 2021 and 4.5% in 2022, before slowing to 3.8% in 2023. Private consumption, driven by a gradual decline in the household saving ratio, the absorption of EU funds and investment will be the main drivers of growth. Inflation is expected to remain high in 2022.

Reform Priorities (April 2021)

Going for Growth 2021 - Estonia

The top policy priority is to recover strong labour market performance while preparing the workforce for greater use of digital technologies and low-carbon economic growth. Unemployment is expected to remain higher than before the pandemic and several categories of workers risk losing attachment to the labour market.

©Shutterstock/Anton Petrus

Read full country note

2021 Structural Reform Priorities

  • Labour market: In the wake of the crisis, activation and training are essential to maintain inclusiveness, particularly for the low skilled
  • R&D and digitalisation: Boost digital infrastructure to promote business connectivity and dynamism
  • Energy: Improve energy efficiency to reduce high CO2 emissions
  • Tax system: Tilt taxation away from labour to spur an inclusive recovery
  • Competition and regulation: Reducing the stringency of the insolvency regime to promote a quicker recovery and efficient reallocation of resources

 

>> Going for Growth homepage

Economic Survey of Estonia (December 2019)

Estonia ranks already among the top countries in e-government.  Citizens can do basically anything online except for a very few things like getting married or divorced and selling or buying real estate. The X-road, the secure communication protocol underlying e-government services, was built on the same principles as the block chain, even before the word block chain was invented. 

Executive Summary

Eestikeelne kokkuvõte

Presentation