Attribute | Value |
---|---|
Geography | |
Area | 45,228 km² |
Continent | Europe |
Land area | 42,388 km² |
Water area | 2,840 km² |
Land boundaries | 657 km |
Border countries |
|
Coastline | 3,794 km |
Mean elevation | 61 m |
Lowest point | 0 m |
Highest point | 318 m |
People | |
Population | 1,228,624 |
Official languages |
|
Religion | Orthodox |
Government | |
Long country name | Republic of Estonia |
Short country name | Estonia |
Long local name | Eesti Vabariik |
Short local name | Eesti |
Former name |
|
Government type | Parliamentary republic |
Capital | Tallinn |
Economy | |
GDP (PPP) | 41,650,000,000 USD |
GDP (OER) | 25,970,000,000 USD |
GDP (real growth rate) | 4.9 % |
GDP - per capita (PPP) | 31,700 USD |
Gross national saving | 27 % of GDP |
Labor force | 670,200 |
Unemployment rate | 5.8 % |
Population below poverty line | 21.1 % |
Budget revenues | 10,370,000,000 USD |
Budget expenditures | 10,440,000,000 USD |
Military expenditures | 2.14 % of GDP |
Taxes and other revenues | 39.9 % of GDP |
Budget surplus or deficit | -0.3 % of GDP |
Public debt | 9 % of GDP |
Inflation rate | 3.7 % |
Central bank discount rate | 0 % |
Commercial bank prime lending rate | 4.2 % |
Stock of narrow money | 14,780,000,000 USD |
Stock of broad money | 14,780,000,000 USD |
Stock of domestic credit | 24,250,000,000 USD |
Market value of publicly traded shares | 3,102,000,000 USD |
Current account balance | 809,000,000 USD |
Exports | 13,440,000,000 USD |
Imports | 14,420,000,000 USD |
Reserves of foreign exchange and gold | 345,000,000 USD |
External debt | 19,050,000,000 USD |
National currency | euros |
National currency (code) | EUR |
National currency (symbol) | € |
National currency rate to USD | 0.92 |
After centuries of Danish, Swedish, German, and Russian rule, Estonia attained independence in 1918. Forcibly incorporated into the USSR in 1940 - an action never recognized by the US and many other countries - it regained its freedom in 1991 with the collapse of the Soviet Union. Since the last Russian troops left in 1994, Estonia has been free to promote economic and political ties with the West. It joined both NATO and the EU in the spring of 2004, formally joined the OECD in late 2010, and adopted the euro as its official currency on 1 January 2011.