Economy at a Glance - Estonia.eu

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EUR = 15.65 EEK</li> <li> Currency peg and currency board fixed by law since<br/> June 1992 (originally to the German Mark)</li> <li> Tax system: 21% flat income tax, reinvested corporate profit is tax free; 20% VAT</li> </ul> <h2> International Credit Ratings</h2> <ul> <li> Moody's: A1, outlook stable</li> <li> Standard & Poor's: A, outlook stable</li> <li> Fitch: BBB+, outlook stable</li> </ul> <h2> Key Indicators</h2> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="100%"> <tbody> <tr> <td class="topic"> Key Indicators</td> <td class="topic"> 2002</td> <td class="topic"> 2003</td> <td class="topic"> 2004</td> <td class="topic"> 2005</td> <td class="topic"> 2006</td> <td class="topic"> 2007</td> <td class="topic"> 2008</td> <td class="topic"> 2009</td> </tr> <tr> <th> Population as of 1 January (million)</th> <td> 1.36*</td> <td> 1.36*</td> <td> 1.35*</td> <td> 1.35*</td> <td> 1.36</td> <td> 1.35</td> <td> 1.34*</td> <td> 1.34</td> </tr> <tr> <th> GDP at current prices (billion EUR)</th> <td> 7.7</td> <td> 8.7</td> <td> 9.7</td> <td> 11.2</td> <td> 13.2</td> <td> 15.6</td> <td> 16.0</td> <td> 13.7</td> </tr> <tr> <th> Real growth of GDP (%)</th> <td> 7.9</td> <td> 7.6</td> <td> 7.2</td> <td> 9.4</td> <td> 10.0</td> <td> 7.2</td> <td> -3.6</td> <td> -14.1</td> </tr> <tr> <th> GDP per capita at current prices (EUR)</th> <td> 5 713</td> <td> 6 430</td> <td> 7 168</td> <td> 8 298</td> <td> 9 838</td> <td> 11 641</td> <td> 11 987</td> <td> 10 243</td> </tr> <tr> <th> GDP per capita (PPS) (EU-27=100)</th> <td> 49.9</td> <td> 54.5</td> <td> 57.4</td> <td> 61.6</td> <td> 65.1</td> <td> 68.8</td> <td> 67.3</td> <td> 62.0</td> </tr> <tr> <th> Annual FDI (million EUR)</th> <td> 306.8</td> <td> 822.2</td> <td> 770.8</td> <td> 2 307.3</td> <td> 1 431.8</td> <td> 1 997.6</td> <td> 1 317.4</td> <td> 1 204.2</td> </tr> <tr> <th> FDI stock, as of 31 December (million EUR)</th> <td> 4 035</td> <td> 5 553</td> <td> 7 374</td> <td> 9 539</td> <td> 9 660</td> <td> 11 332</td> <td> 11 648</td> <td> 11 268</td> </tr> <tr> <th> FDI stock per capita, as of 31 December (EUR)</th> <td> 2 967</td> <td> 4 083</td> <td> 5 462</td> <td> 7 066</td> <td> 7 155</td> <td> 8 394</td> <td> 8 693</td> <td> 8 409</td> </tr> <tr> <th> Consumer price index compared to previous year (%)</th> <td> 3.6</td> <td> 1.3</td> <td> 3.0</td> <td> 4.1</td> <td> 4.4</td> <td> 6.6</td> <td> 10.4</td> <td> -0.1</td> </tr> <tr> <th> Unemployment rate** (%)</th> <td> 10.3</td> <td> 10.0</td> <td> 9.7</td> <td> 7.9</td> <td> 5.9</td> <td> 4.7</td> <td> 5.5</td> <td> 13.8</td> </tr> <tr> <th> Average monthly wage (EUR)</th> <td> 393</td> <td> 430</td> <td> 466</td> <td> 516</td> <td> 601</td> <td> 725</td> <td> 825</td> <td> 739</td> </tr> <tr> <th> Current account balance (% of GDP)</th> <td> -10.6</td> <td> -11.3</td> <td> -11.3</td> <td> -10.0</td> <td> -16.9</td> <td> -17.8</td> <td> -9.4</td> <td> 4.6</td> </tr> <tr> <th> Deficit (-)/Surplus of state budget (% of GDP)</th> <td> 1.1</td> <td> 2.4</td> <td> 1.7</td> <td> 1.6</td> <td> 2.3</td> <td> 2.6</td> <td> -2.8</td> <td> -1.7</td> </tr> <tr> <th> Export (billion EUR)***</th> <td> 3.642</td> <td> 4.003</td> <td> 4.769</td> <td> 6.183</td> <td> 7.639</td> <td> 8.021</td> <td> 8.452</td> <td> 6.477</td> </tr> <tr> <th> Import (billion EUR)***</th> <td> 5.079</td> <td> 5.715</td> <td> 6.703</td> <td> 8.204</td> <td> 10.564</td> <td> 11.318</td> <td> 10.870</td> <td> 7.308</td> </tr> <tr> <th> Trade balance (billion EUR)***</th> <td> -1.437</td> <td> -1.712</td> <td> -1.934</td> <td> -2.021</td> <td> -2.925</td> <td> -3.297</td> <td> -2.418</td> <td> -831</td> </tr> <tr> <th> Total government expenditures (% of GDP)</th> <td> 35.8</td> <td> 34.8</td> <td> 34.0</td> <td> 33.6</td> <td> 34.0</td> <td> 34.8</td> <td> 39.9</td> <td> 45.4</td> </tr> </tbody> </table> <p> * Based on the 2000 Population Census<br/> ** Unemployed/labour force according to ILO methodology; <br/> *** Trade figures shown in special trade system<br/> (e) Estimated value <br/> <br/> Sources: Population Register, <a href="https://web.archive.org/web/20100805042659/http://www.bankofestonia.info/" target="_blank">Bank of Estonia</a>, <a href="https://web.archive.org/web/20100805042659/http://www.fin.ee/" target="_blank">Ministry of Finance</a>, <a href="https://web.archive.org/web/20100805042659/http://www.stat.ee/" target="_blank">Statistical Office of Estonia</a>, <a href="https://web.archive.org/web/20100805042659/http://europa.eu/comm/eurostat" target="_blank">Eurostat</a></p> <h2> GDP by Main Fields of Economic Activity (as a % of total GDP)</h2> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="80%"> <tbody> <tr> <td class="topic"> Field of Activity</td> <td class="topic"> 2002</td> <td class="topic"> 2003</td> <td class="topic"> 2004</td> <td class="topic"> 2005</td> <td class="topic"> 2006</td> <td class="topic"> 2007</td> <td class="topic"> 2008</td> <td class="topic"> 2009</td> </tr> <tr> <th> Real estate, renting and business services</th> <td> 18.5</td> <td> 18.7</td> <td> 19.3</td> <td> 20.3 </td> <td> 20.0</td> <td> 19.9</td> <td> 20.1</td> <td> 21.2</td> </tr> <tr> <th> Manufacturing</th> <td> 18.1</td> <td> 18.1</td> <td> 17.4</td> <td> 17.2</td> <td> 17.0</td> <td> 16.9</td> <td> 16.7</td> <td> 14.5</td> </tr> <tr> <th> Wholesale and retail trade; repair of motor vehicles etc.</th> <td> 13.7</td> <td> 14.1</td> <td> 14.2</td> <td> 14.5</td> <td> 15.1</td> <td> 14.5</td> <td> 13.9</td> <td> 13.5</td> </tr> <tr> <th> Transport, storage and communication</th> <td> 13.0</td> <td> 12.8</td> <td> 12.6</td> <td> 11.4</td> <td> 11.1</td> <td> 10.4</td> <td> 10.1</td> <td> 10.3</td> </tr> <tr> <th> Construction</th> <td> 5.9</td> <td> 5.8</td> <td> 6.0</td> <td> 7.1</td> <td> 8.3</td> <td> 9.1</td> <td> 8.3</td> <td> 6.8</td> </tr> <tr> <th> Public administration and defence; compulsory social security </th> <td> 5.8</td> <td> 5.7</td> <td> 5.7</td> <td> 5.4</td> <td> 5.2</td> <td> 5.6</td> <td> 6.4</td> <td> 7.8</td> </tr> <tr> <th> Education</th> <td> 4.9</td> <td> 4.8</td> <td> 4.7</td> <td> 4.6</td> <td> 4.3</td> <td> 4.2</td> <td> 4.8</td> <td> 5.5</td> </tr> <tr> <th> Financial intermediation</th> <td> 4.2</td> <td> 3.8</td> <td> 3.9</td> <td> 3.6</td> <td> 3.8</td> <td> 4.0</td> <td> 4.0</td> <td> 3.5</td> </tr> <tr> <th> Electric electricity, gas and water supply</th> <td> 3.3</td> <td> 3.6</td> <td> 3.5</td> <td> 3.3</td> <td> 3.1</td> <td> 3.0</td> <td> 3.2</td> <td> 3.7</td> </tr> <tr> <th> Agriculture and hunting</th> <td> 2.4</td> <td> 2.3</td> <td> 2.3</td> <td> 2.2</td> <td> 2.1</td> <td> 2.2</td> <td> 1.7</td> <td> 1.6</td> </tr> </tbody> </table> <p> Source: <a href="https://web.archive.org/web/20100805042659/http://www.stat.ee/" target="_blank">Statistical Office of Estonia</a></p> <p> Due to the accession with the European Union, the methodology of macroeconomic statistics changed. The changes concerned the calculation methodology of imputed rent and consumption of fixed capital, and changed also the level of gross domestic product and gross national income in the period 1993–2003.</p> <h2> Main Trade Partners in 2009 as a % of total trade</h2> <p> <strong>figures shown in special trade system</strong></p> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="80%"> <tbody> <tr> <td class="topic" width="30%"> Country</td> <td class="topic" width="20%"> Exports</td> <td class="topic" width="30%"> Country</td> <td class="topic" width="20%"> Imports</td> </tr> <tr> <th> 1. Finland</th> <td> 18.6</td> <th> 1. Finland</th> <td> 14.5</td> </tr> <tr> <th> 2. Sweden</th> <td> 12.6</td> <th> 2. Lithuania</th> <td> 10.8</td> </tr> <tr> <th> 3. Latvia</th> <td> 9.5</td> <th> 3. Latvia</th> <td> 10.4</td> </tr> <tr> <th> 4. Russia</th> <td> 9.3</td> <th> 4. Germany</th> <td> 10.3</td> </tr> <tr> <th> 5. Germany</th> <td> 6.1</td> <th> 5. Russia</th> <td> 8.8</td> </tr> <tr> <th> 6. Lithuania</th> <td> 4.8</td> <th> 6. Sweden</th> <td> 8.3</td> </tr> <tr> <th> 7. USA</th> <td> 4.2</td> <th> 7. Poland</th> <td> 5.6</td> </tr> <tr> <th> 8. Denmark</th> <td> 3.4</td> <th> 8. Netherlands</th> <td> 3.7</td> </tr> <tr> <th> 9. Norway</th> <td> 3.2</td> <th> 9. France</th> <td> 2.5</td> </tr> <tr> <th> 10. Nigeria</th> <td> 2.9</td> <th> 10. Denmark</th> <td> 2.3</td> </tr> <tr> <th> Others</th> <td> 25.4</td> <th> Others</th> <td> 22.8</td> </tr> </tbody> </table> <h2> Main Exports and Imports in 2009 (as a % of total trade)</h2> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="80%"> <tbody> <tr> <td class="topic"> Main Commodity Groups</td> <td class="topic"> Exports</td> <td class="topic"> Main Commodity Groups</td> <td class="topic"> Imports</td> </tr> <tr> <th> Machinery and appliances</th> <td> 19.6</td> <th> Mineral products</th> <td> 20.1</td> </tr> <tr> <th> Mineral products</th> <td> 16.8</td> <th> Machinery and appliances</th> <td> 19.2</td> </tr> <tr> <th> Agricultural products and food preparations</th> <td> 10.0</td> <th> Agricultural products and food preparations</th> <td> 12.7</td> </tr> <tr> <th> Base metals and articles of base metals</th> <td> 8.7</td> <th> Chemical products</th> <td> 9.4</td> </tr> <tr> <th> Wood and articles of wood</th> <td> 8.6</td> <th> Base metals and articles of base metals</th> <td> 7.7</td> </tr> <tr> <th> Miscellaneous manufactured articles</th> <td> 8.3</td> <th> Transport equipment</th> <td> 6.3</td> </tr> <tr> <th> Transport equipment</th> <td> 6.5</td> <th> Articles of plastics and rubber</th> <td> 5.4</td> </tr> <tr> <th> Chemical products</th> <td> 5.5</td> <th> Textile products</th> <td> 5.3</td> </tr> <tr> <th> Textiles and textile articles</th> <td> 4.0</td> <th> Paper and articles of paper</th> <td> 2.7</td> </tr> <tr> <th> Paper and articles of paper</th> <td> 3.3</td> <th> Wood and articles of wood</th> <td> 2.6</td> </tr> <tr> <th> Articles of plastics and rubber</th> <td> 3.1</td> <th> Miscellaneous manufactured articles</th> <td> 2.5</td> </tr> <tr> <th> Others</th> <td> 5.6</td> <th> Others</th> <td> 6.1</td> </tr> </tbody> </table> <p> Source: <a href="https://web.archive.org/web/20100805042659/http://www.stat.ee/" target="_blank">Statistical Office of Estonia</a></p> <h2> Direct Investment Position in Estonia by Countries</h2> <p> <strong>as of 31 December 2009 </strong></p> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="400"> <tbody> <tr> <td class="topic"> Country</td> <td class="topic"> Million EUR</td> <td class="topic"> % of total</td> </tr> <tr> <th> 1. Sweden</th> <td> 4 470.6</td> <td> 39.7</td> </tr> <tr> <th> 2. Finland</th> <td> 2 584.9</td> <td> 22.9</td> </tr> <tr> <th> 3. Netherlands</th> <td> 975.2</td> <td> 8.7</td> </tr> <tr> <th> 4. Norway</th> <td> 362.7</td> <td> 3.2</td> </tr> <tr> <th> 5. Russia</th> <td> 344.1</td> <td> 3.1</td> </tr> <tr> <th> 6. Great Britain</th> <td> 267.8</td> <td> 2.4</td> </tr> <tr> <th> 7. Cyprus</th> <td> 261.8</td> <td> 2.3</td> </tr> <tr> <th> 8. Denmark</th> <td> 227.8</td> <td> 2.0</td> </tr> <tr> <th> 9. Luxembourg</th> <td> 189.3</td> <td> 1.7</td> </tr> <tr> <th> 10. France</th> <td> 169.2</td> <td> 1.5</td> </tr> <tr> <th> Others</th> <td> 1 414.9</td> <td> 12.5</td> </tr> <tr> <th> Total</th> <td> 11 268.3</td> <td> 100.0</td> </tr> </tbody> </table> <p> Source: <a href="https://web.archive.org/web/20100805042659/http://www.bankofestonia.info/">Bank of Estonia</a></p> <h2> Estonia's Direct Investment Position abroad by Countries</h2> <p> <strong>as of 31 December 2009 </strong></p> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="400"> <tbody> <tr> <td class="topic"> Country</td> <td class="topic"> million EUR</td> <td class="topic"> % of total</td> </tr> <tr> <th> 1. Latvia</th> <td> 1 381.5</td> <td> 30.4</td> </tr> <tr> <th> 2. Lithuania</th> <td> 1 267.1</td> <td> 27.9</td> </tr> <tr> <th> 3. Cyprus</th> <td> 550.9</td> <td> 12.1</td> </tr> <tr> <th> 4. Finland</th> <td> 217.6</td> <td> 4.8</td> </tr> <tr> <th> 5. Russia</th> <td> 203.6</td> <td> 4.5</td> </tr> <tr> <th> 6. Ukraine</th> <td> 178.7</td> <td> 3.9</td> </tr> <tr> <th> 7. Italy</th> <td> 158.2</td> <td> 3.5</td> </tr> <tr> <th> 8. Poland</th> <td> 104.6</td> <td> 2.3</td> </tr> <tr> <th> 9. Belarus</th> <td> 61.7</td> <td> 1.4</td> </tr> <tr> <th> 10. Spain</th> <td> 52.4</td> <td> 1.2</td> </tr> <tr> <th> Others</th> <td> 562.2</td> <td> 8.0</td> </tr> <tr> <th> Total</th> <td> 4 537.3</td> <td> 100.0</td> </tr> </tbody> </table> <p> Source: <a href="https://web.archive.org/web/20100805042659/http://www.bankofestonia.info/">Bank of Estonia</a></p> <h2> Telecommunications and IT</h2> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="85%"> <tbody> <tr> <td class="topic">  </td> <td class="topic"> 12/2005</td> <td class="topic"> 12/2006</td> <td class="topic"> 12/2007</td> <td class="topic"> 12/2008</td> <td class="topic"> 12/2009</td> </tr> <tr> <th> Telephone main (fixed) lines per 100 inhabitants</th> <td> 32.8</td> <td> 33.7</td> <td> 35.7</td> <td> 37</td> <td> 37</td> </tr> <tr> <th> Share of digital lines (%)</th> <td> 83</td> <td> 85</td> <td> 86</td> <td> 84</td> <td> 93</td> </tr> <tr> <th> Number of mobile phone subscribers per <br/> 100 inhabitants</th> <td> 107</td> <td> 123</td> <td> 147.6</td> <td> 121.2</td> <td> 117.2</td> </tr> <tr> <th> Broadband connections per 100 inhabitants (%)</th> <td> 17</td> <td> 21</td> <td> 21</td> <td> 24</td> <td> 25</td> </tr> <tr> <th> Number of households connected to broadband per 100 homes</th> <td> 36</td> <td> 44</td> <td> 44</td> <td> 50</td> <td> 53</td> </tr> </tbody> </table> <p> Sources: <a href="https://web.archive.org/web/20100805042659/http://www.tja.ee/" target="_blank">Estonian Technical Surveillance Authority</a></p> <ul> <li> 76% of population aged 16 to 74 are Internet users (2010, <a class="0" href="https://web.archive.org/web/20100805042659/http://www.stat.ee/" target="_blank">Statistics Estonia</a>).</li> <li> 63% of households have access to the Internet at home (2009, <a href="https://web.archive.org/web/20100805042659/http://www.stat.ee/">Statistics Estonia</a>).</li> <li> All Estonian schools are connected to the Internet.</li> <li> All Estonian towns and villages are covered by the network of public Internet access points.</li> <li> There are more than 1 100 free wireless Internet zones around the country. More information: <a href="https://web.archive.org/web/20100805042659/http://www.wifi.ee/">www.wifi.ee</a></li> <li> Incomes can be declared to the <a href="https://web.archive.org/web/20100805042659/http://www.emta.ee/?lang=en">Tax and Customs Board</a> via Internet. In 2010, the percentage of electronic tax declarations was 92.</li> <li> Expenditures made in state budget can be followed on the Internet in real-time</li> <li> The <a href="https://web.archive.org/web/20100805042659/http://www.riik.ee/valitsus/?lang=en&PHPSESSID=b4444baa9ad3fa1f45c9f5c88c4f8e74">Government</a> has changed Cabinet meetings to paperless sessions using a web-based document system</li> <li> All of Estonia is covered with digital mobile phone networks</li> </ul> <p> With its policies and innovative initiatives the Estonian Government is helping companies make the information technology sector one of the fastest growing in the country. The World Economic Forum's Global Information Technology Report 2009-2010 - <a href="https://web.archive.org/web/20100805042659/http://www.weforum.org/en/initiatives/gcp/Global%20Information%20Technology%20Report/index.htm">The Networked Readiness Index</a>, also indicates a strong Estonian standing in government and the community readiness to participate in and benefit from ICT developments: the study ranks Estonia 25th out of 133 countries thanks to its regulatory framework for ICT, making Estonia the leader among the Central and Eastern European countries.</p> <h2> Economic Development Perspectives</h2> <h3> Growth and associated factors 2009-2014</h3> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="90%"> <tbody> <tr class="head"> <td class="topic"> Main economic indicators</td> <td class="topic"> 2009</td> <td class="topic"> 2010*</td> <td class="topic"> 2011*</td> <td class="topic"> 2012*</td> <td class="topic"> 2013*</td> <td class="topic"> 2014*</td> </tr> <tr> <th> GDP real growth (%)</th> <td> -14.1</td> <td> 1.0</td> <td> 4.0</td> <td> 4.2</td> <td> 3.9</td> <td> 3.7</td> </tr> <tr> <th> GDP (current prices, billion EUR)</th> <td> 13.7</td> <td> 13.6</td> <td> 14.5</td> <td> 15.4</td> <td> 16.4</td> <td> 17.5</td> </tr> <tr> <th> GDP deflator (%)</th> <td> -0.6</td> <td> -1.6</td> <td> 1.9</td> <td> 2.4</td> <td> 2.6</td> <td> 2.7</td> </tr> <tr> <th> Consumer price index (%)</th> <td> -0.1</td> <td> 1.1</td> <td> 2.0</td> <td> 2.4</td> <td> 2.7</td> <td> 2.7</td> </tr> <tr> <th> Employment (15–74 years old, thousands)</th> <td> 595.8</td> <td> 576.4</td> <td> 579.3</td> <td> 588.6</td> <td> 601.5</td> <td> 614.7</td> </tr> <tr> <th> Employment growth (%)</th> <td> -9.2</td> <td> -3.3</td> <td> 0.5</td> <td> 1.6</td> <td> 2.2</td> <td> 2.2</td> </tr> <tr> <th> Real growth in labour capacity</th> <td> -5.3</td> <td> 4.4</td> <td> 3.5</td> <td> 2.6</td> <td> 1.7</td> <td> 1.4</td> </tr> <tr> <th> Unemployment rate (ILO)</th> <td> 13.8</td> <td> 15.5</td> <td> 13.9</td> <td> 11.9</td> <td> 9.5</td> <td> 7.0</td> </tr> <tr> <th> Average wage (EUR)</th> <td> 787.2</td> <td> 765.2</td> <td> 783.9</td> <td> 810.9</td> <td> 844.6</td> <td> 880.1</td> </tr> <tr> <th> Wage real growth (%)</th> <td> -4.5</td> <td> -3.8</td> <td> 0.4</td> <td> 1.0</td> <td> 1.5</td> <td> 1.5</td> </tr> <tr> <th> Current account (% of GDP)</th> <td> 4.6</td> <td> 6.5</td> <td> 5.0</td> <td> 2.3</td> <td> -1.0</td> <td> -3.0</td> </tr> </tbody> </table> <p> <font class="allikas">* Forecast; <br/> Source: <a href="https://web.archive.org/web/20100805042659/http://www.fin.ee/">Ministry of Finance</a>, April 2010</font></p> <h3> A Comparison of Economic Forecasts from Various Institutions 2010-2011</h3> <table border="0" cellpadding="0" cellspacing="0" class="tabel" width="100%"> <tbody> <tr> <td class="topic">  </td> <td class="topic" colspan="2"> Economic growth, %</td> <td class="topic" colspan="2"> Consumer price index, %</td> <td class="topic" colspan="2"> Current account, <br/> % of GDP</td> </tr> <tr> <td class="topic">  </td> <td class="topic"> 2010</td> <td class="topic"> 2011</td> <td class="topic"> 2010</td> <td class="topic"> 2011</td> <td class="topic"> 2010</td> <td class="topic"> 2011</td> </tr> <tr> <th> IMF</th> <td> 0.8</td> <td> 3.6</td> <td> 0.8*</td> <td> 1.1*</td> <td> 4.7</td> <td> 3.9</td> </tr> <tr> <th> European Commission</th> <td> 0.9</td> <td> 3.8</td> <td> 1.3*</td> <td> 2.0*</td> <td> 4.9</td> <td> 3.8</td> </tr> <tr> <th> Bank of Estonia</th> <td> 1.0</td> <td> 4.0</td> <td> 1.3*</td> <td> 1.1*</td> <td> 3.4</td> <td> 1.5</td> </tr> <tr> <th> Ministry of Finance</th> <td> 1.0</td> <td> 4.0</td> <td> 0.8*</td> <td> 2.0*</td> <td> 6.5</td> <td> 5.0</td> </tr> </tbody> </table> <p> <font class="allikas">* Harmonised consumer price index<br/> Source: <a href="https://web.archive.org/web/20100805042659/http://www.fin.ee/">Ministry of Finance</a>, <a href="https://web.archive.org/web/20100805042659/http://www.europa.eu/">European Commission</a>, <a href="https://web.archive.org/web/20100805042659/http://www.bankofestonia.info/">Bank of Estonia</a>, <a href="https://web.archive.org/web/20100805042659/http://www.imf.org/">IMF</a></font></p> <p>  </p> <p> <strong>More about Estonia's economy:</strong></p> <p> <a href="https://web.archive.org/web/20100805042659/http://www.bankofestonia.info/" target="_blank">Bank of Estonia</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.stat.ee/" target="new">Statistical Office of Estonia</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.koda.ee/" target="new">Estonian Chamber of Commerce and Industry</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.fin.ee/" target="new">Ministry of Finance</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.mkm.ee/" target="new">Ministry of Economic Affairs and Communications</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.baltic.omxnordicexchange.com/" target="new">Tallinn Stock Exchange</a><br/> <a href="https://web.archive.org/web/20100805042659/http://bsr.aktiva.ee/" target="new">Estonian business information gateway</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.eas.ee/" target="new">Enterprise Estonia</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.investinestonia.com/" target="new">Estonian Investment and Trade Agency</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.export.ee/" target="new">Enterprise Estonia (Trade Promotion Services)</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.etc.ee/" target="_blank">Estonian Trade Council</a><br/> <a class="0" href="https://web.archive.org/web/20100805042659/http://www.arengufond.ee/eng" target="_blank">Estonian Development Fund</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.esea.ee/" target="new">Estonian Business Association</a><br/> <a href="https://web.archive.org/web/20100805042659/http://www.estonica.org/" target="new">Transformations in the Estonian economy</a><br/>  </p> </div> </div> <div class="clear"></div> </div> </div> <div class="clear"></div> </div> </div> </div> <div id="footer"> <ul> <li class="box1"> <h3> Travel</h3> <a href="https://web.archive.org/web/20100805042659/http://www.visitestonia.com/en/travel-transportation/travel-to-estonia/by-air" target="frame"><span>By Air</span></a> <a href="https://web.archive.org/web/20100805042659/http://www.visitestonia.com/en/travel-transportation/travel-to-estonia/by-sea" target="frame"><span>By Sea</span></a> <a href="https://web.archive.org/web/20100805042659/http://www.visitestonia.com/en/travel-transportation/travel-to-estonia/drive-to-estonia" target="frame"><span>By Road</span></a></li> <li class="box2"> <h3> Business</h3> <a 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