| ECONOMY |
| Overview |
Estonia,
as a new member of the World Trade Organization, is steadily
moving toward a modern market economy with increasing ties
to the West, including the pegging of its currency to the
euro. The economy benefits from strong electronics and telecoms
sectors. A major goal is accession to the EU, possibly by
2004. The economy is greatly influenced by developments in
Finland, Sweden, and Germany, three major trading partners.
The high current account deficit remains a concern. |
| GDP |
purchasing
power parity - $15.52 billion (2002 est.) |
| GDP
- real growth rate |
6% (2002
est.) |
| GDP
- per capita |
purchasing
power parity - $11,000 (2002 est.) |
| GDP
- composition by sector |
agriculture:
5.8%
industry: 28.6%
services: 65.6% (2001) |
| Population
below poverty line |
NA% (2000)
|
| Inflation
rate (consumer prices) |
3.7% (2002
est.) |
| Labor
force |
608,600 (2001
est.) |
| Labor
force - by occupation |
industry
20%, agriculture 11%, services 69% (1999 est.) |
| Unemployment
rate |
12.4% (2001)
|
| Industries |
engineering,
electronics, wood and wood products, textile; information
technology, telecommunications |
| Industrial
production growth rate |
5% (2000
est.) |
