Strong investment growth will fuel the recovery

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD31.4bn (World ranking 100, World Bank 2019)
Population 1.3mn (World ranking 154, World Bank 2019)
Form of state Parliamentary Republic
Head of government Kaja Kallas (Prime Minister)
Next elections 2021, presidential
  • Low systemic political risk
  • Good regional and international relations (except with Russia), EU membership
  • One of the most open and liberal economies in the world
  • Eurozone membership provides for low transfer and convertibility risk
  • Healthy public finances
  • Strong business environment, supported by stable institutions and an independent judiciary
  • High gross external debt
  • Trade and energy dependence on Russia

Trade structure by destination/origin

(% of total)

Exports Rank Imports
SWEDEN 16%
1
12% Finland
Finland 13%
2
11% Germany
Russian Federation 13%
3
11% Russian Federation
Latvia 9%
4
7% Latvia
Lithuania 5%
5
7% Poland

Trade structure by product

(% of total)

Exports Rank Imports
Telecommunications Equipment 12%
1
12% Refined Petroleum Products
Crude Oil 6%
2
6% Telecommunications Equipment
Electrical Apparatus 6%
3
6% Electrical Apparatus
Refined Petroleum Products 6%
4
4% Cars and Cycles
Non-Edible Agricultural Prod. 4%
5
4% Plastic Articles
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