IMF Staff Country Reports

Republic of Estonia: Staff Report for the 2014 Article IV Consultation

Publication Date:

May 8, 2014

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2014 Article IV Consultation highlights that in 2013, Estonia’s recovery from the crisis continued but at a slower pace. Real GDP growth was 0.8 percent, with private consumption providing the main support, although net exports made a negative contribution. Inflation declined to about 3½ percent, but stayed above the euro average. Public finances remained strong, with a fiscal deficit of 0.2 percent of GDP and a gross public debt of 10 percent of GDP. Real GDP growth is projected at 2.4 percent in 2014, rising toward expected potential growth of 3 to 3.5 percent in the medium term.

Series:

Country Report No. 2014/112

Subject:

External debt Financial derivatives Financial institutions Fiscal policy Labor Labor markets Public debt Wages