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 USD31.0bn (World ranking 100, World Bank 2020)
Population 1.3mn (World ranking 154, World Bank 2020)
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, 2020)

Exports Rank Imports
Finland 15.1%
1
10.7% Finland
Sweden 10.0%
2
10.4% Germany
Latvia 8.7%
3
10.3% Russian Federation
Russian Federation 8.4%
4
8.3% Latvia
United States of America 7.7%
5
7.6% Lithuania

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Petroleum, petroleum products and related materials 8.9%
1
9.1% Petroleum, petroleum products and related materials
Telecommunication and sound recording apparatus 8.0%
2
8.4% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 7.6%
3
8.2% Road vehicles
Road vehicles 5.6%
4
3.6% Miscellaneous manufactured articles, n.e.s.
Cork and wood 5.3%
5
3.3% Other industrial machinery and parts
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