Report for Selected Countries and Subjects

Report for Selected Countries and Subjects: October 2020

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Country	Subject Descriptor	Units	Scale	2018	2019	2020	2021	2022	2023	2024	2025
Estonia	Gross domestic product, constant prices	National currency	Billions	23.609	24.789	23.500	24.557	25.466	26.281	27.069	27.882
Estonia	Gross domestic product, constant prices	Percent change		4.355	4.996	-5.200	4.500	3.700	3.200	3.000	3.000
Estonia	Gross domestic product, current prices	National currency	Billions	25.938	28.112	26.652	28.440	30.153	31.721	33.366	35.070
Estonia	Gross domestic product, current prices	U.S. dollars	Billions	30.645	31.475	30.468	34.973	37.448	39.592	41.718	43.849
Estonia	Gross domestic product, current prices	Purchasing power parity; international dollars	Billions	47.776	51.059	49.087	52.429	55.336	58.142	61.031	64.093
Estonia	Gross domestic product, deflator	Index		109.862	113.407	113.414	115.809	118.403	120.701	123.260	125.781
Estonia	Gross domestic product per capita, constant prices	National currency	Units	17,859.145	18,711.214	17,729.137	18,522.000	19,207.650	19,828.387	20,435.150	21,065.161
Estonia	Gross domestic product per capita, constant prices	Purchasing power parity; 2017 international dollar	Units	35,292.537	36,976.362	35,035.621	36,602.446	37,957.399	39,184.076	40,383.137	41,628.140
Estonia	Gross domestic product per capita, current prices	National currency	Units	19,620.326	21,219.773	20,107.273	21,450.075	22,742.396	23,933.083	25,188.341	26,495.879
Estonia	Gross domestic product per capita, current prices	U.S. dollars	Units	23,181.220	23,757.617	22,985.858	26,377.577	28,245.303	29,871.398	31,493.962	33,128.826
Estonia	Gross domestic product per capita, current prices	Purchasing power parity; international dollars	Units	36,139.901	38,540.113	37,032.823	39,543.700	41,737.059	43,866.734	46,073.597	48,423.563
Estonia	Output gap in percent of potential GDP	Percent of potential GDP		2.266	2.952	-3.729	-1.428	n/a	n/a	n/a	n/a
Estonia	Gross domestic product based on purchasing-power-parity (PPP) share of world total	Percent		0.037	0.038	0.038	0.037	0.037	0.037	0.037	0.037
Estonia	Implied PPP conversion rate	National currency per current international dollar		0.543	0.551	0.543	0.542	0.545	0.546	0.547	0.547
Estonia	Total investment	Percent of GDP		26.749	27.692	25.237	26.308	27.766	29.369	30.996	32.231
Estonia	Gross national savings	Percent of GDP		28.741	30.335	29.236	28.308	28.766	29.269	30.896	32.131
Estonia	Inflation, average consumer prices	Index		108.045	110.496	110.717	112.267	114.737	117.146	119.372	121.640
Estonia	Inflation, average consumer prices	Percent change		3.412	2.268	0.200	1.400	2.200	2.100	1.900	1.900
Estonia	Inflation, end of period consumer prices	Index		108.640	110.590	110.811	112.363	114.835	117.246	119.474	121.744
Estonia	Inflation, end of period consumer prices	Percent change		3.319	1.795	0.200	1.400	2.200	2.100	1.900	1.900
Estonia	Volume of imports of goods and services	Percent change		5.694	3.730	-11.456	8.471	6.716	5.866	5.000	4.500
Estonia	Volume of Imports of goods	Percent change		4.767	2.594	-9.500	8.000	6.000	5.500	5.000	4.500
Estonia	Volume of exports of goods and services	Percent change		4.008	6.231	-8.817	6.958	4.841	3.594	3.000	3.000
Estonia	Volume of exports of goods	Percent change		2.746	6.210	-5.000	6.000	3.800	3.594	3.000	3.000
Estonia	Unemployment rate	Percent of total labor force		5.371	4.448	7.800	6.109	5.000	4.966	4.966	4.966
Estonia	Employment	Persons	Millions	0.665	0.671	0.647	0.667	n/a	n/a	n/a	n/a
Estonia	Population	Persons	Millions	1.322	1.325	1.325	1.326	1.326	1.325	1.325	1.324
Estonia	General government revenue	National currency	Billions	10.026	10.849	9.042	10.804	11.538	12.413	13.011	13.884
Estonia	General government revenue	Percent of GDP		38.655	38.590	33.927	37.989	38.266	39.132	38.994	39.589
Estonia	General government total expenditure	National currency	Billions	10.146	10.960	10.862	12.188	12.881	13.603	14.234	14.948
Estonia	General government total expenditure	Percent of GDP		39.118	38.985	40.757	42.854	42.719	42.883	42.660	42.623
Estonia	General government net lending/borrowing	National currency	Billions	-0.120	-0.111	-1.820	-1.384	-1.343	-1.190	-1.223	-1.064
Estonia	General government net lending/borrowing	Percent of GDP		-0.463	-0.395	-6.829	-4.866	-4.453	-3.751	-3.666	-3.034
Estonia	General government structural balance	National currency	Billions	-0.276	-0.290	-1.517	-1.318	-1.301	-1.173	-1.219	-1.057
Estonia	General government structural balance	Percent of potential GDP		-1.088	-1.061	-5.479	-4.569	-4.297	-3.692	-3.650	-3.014
Estonia	General government primary net lending/borrowing	National currency	Billions	-0.129	-0.114	-1.823	-1.386	-1.344	-1.191	-1.224	-1.064
Estonia	General government primary net lending/borrowing	Percent of GDP		-0.498	-0.405	-6.840	-4.873	-4.459	-3.755	-3.668	-3.034
Estonia	General government net debt	National currency	Billions	-0.458	-0.580	2.441	3.825	5.167	6.357	7.580	8.644
Estonia	General government net debt	Percent of GDP		-1.765	-2.062	9.159	13.448	17.137	20.041	22.719	24.649
Estonia	General government gross debt	National currency	Billions	2.152	2.360	4.981	6.364	7.707	8.897	10.120	11.184
Estonia	General government gross debt	Percent of GDP		8.296	8.396	18.687	22.378	25.560	28.047	30.330	31.890
Estonia	Gross domestic product corresponding to fiscal year, current prices	National currency	Billions	25.938	28.112	26.652	28.440	30.153	31.721	33.366	35.070
Estonia	Current account balance	U.S. dollars	Billions	0.610	0.832	1.219	0.699	0.374	-0.040	-0.042	-0.044
Estonia	Current account balance	Percent of GDP		1.992	2.643	4.000	2.000	1.000	-0.100	-0.100	-0.100

Country	Subject Descriptor	Units	Scale	Country/Series-specific Notes	2018	2019	2020	2021	2022	2023	2024	2025	Estimates Start After
Estonia	Gross domestic product, constant prices	National currency	Billions	Source: National Statistics Office Latest actual data: 2019 Notes: Data from 2003 onwards reflect methodological revisions. National accounts manual used: European System of Accounts (ESA) 2010 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2015 Chain-weighted: Yes, from 2010 Primary domestic currency: Euro Data last updated: 09/2020	23.609	24.789	23.500	24.557	25.466	26.281	27.069	27.882	2019
Estonia	Gross domestic product, constant prices	Percent change		See notes for: Gross domestic product, constant prices (National currency).	4.355	4.996	-5.200	4.500	3.700	3.200	3.000	3.000	2019
Estonia	Gross domestic product, current prices	National currency	Billions	Source: National Statistics Office Latest actual data: 2019 Notes: Data from 2003 onwards reflect methodological revisions. National accounts manual used: European System of Accounts (ESA) 2010 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2015 Chain-weighted: Yes, from 2010 Primary domestic currency: Euro Data last updated: 09/2020	25.938	28.112	26.652	28.440	30.153	31.721	33.366	35.070	2019
Estonia	Gross domestic product, current prices	U.S. dollars	Billions	See notes for: Gross domestic product, current prices (National currency).	30.645	31.475	30.468	34.973	37.448	39.592	41.718	43.849	2019
Estonia	Gross domestic product, current prices	Purchasing power parity; international dollars	Billions	See notes for: Gross domestic product, current prices (National currency).	47.776	51.059	49.087	52.429	55.336	58.142	61.031	64.093	2019
Estonia	Gross domestic product, deflator	Index		See notes for: Gross domestic product, constant prices (National currency) Gross domestic product, current prices (National currency).	109.862	113.407	113.414	115.809	118.403	120.701	123.260	125.781	2019
Estonia	Gross domestic product per capita, constant prices	National currency	Units	See notes for: Gross domestic product, constant prices (National currency) Population (Persons).	17,859.145	18,711.214	17,729.137	18,522.000	19,207.650	19,828.387	20,435.150	21,065.161	2019
Estonia	Gross domestic product per capita, constant prices	Purchasing power parity; 2017 international dollar	Units	See notes for: Gross domestic product, constant prices (National currency) Population (Persons).	35,292.537	36,976.362	35,035.621	36,602.446	37,957.399	39,184.076	40,383.137	41,628.140	2019
Estonia	Gross domestic product per capita, current prices	National currency	Units	See notes for: Gross domestic product, current prices (National currency) Population (Persons).	19,620.326	21,219.773	20,107.273	21,450.075	22,742.396	23,933.083	25,188.341	26,495.879	2019
Estonia	Gross domestic product per capita, current prices	U.S. dollars	Units	See notes for: Gross domestic product, current prices (National currency) Population (Persons).	23,181.220	23,757.617	22,985.858	26,377.577	28,245.303	29,871.398	31,493.962	33,128.826	2019
Estonia	Gross domestic product per capita, current prices	Purchasing power parity; international dollars	Units	See notes for: Gross domestic product, current prices (National currency) Population (Persons).	36,139.901	38,540.113	37,032.823	39,543.700	41,737.059	43,866.734	46,073.597	48,423.563	2019
Estonia	Output gap in percent of potential GDP	Percent of potential GDP		See notes for: Gross domestic product, constant prices (National currency).	2.266	2.952	-3.729	-1.428	n/a	n/a	n/a	n/a	2019
Estonia	Gross domestic product based on purchasing-power-parity (PPP) share of world total	Percent		See notes for: Gross domestic product, current prices (National currency).	0.037	0.038	0.038	0.037	0.037	0.037	0.037	0.037	2019
Estonia	Implied PPP conversion rate	National currency per current international dollar		See notes for: Gross domestic product, current prices (National currency).	0.543	0.551	0.543	0.542	0.545	0.546	0.547	0.547	2019
Estonia	Total investment	Percent of GDP		Source: National Statistics Office Latest actual data: 2019 Notes: Data from 2003 onwards reflect methodological revisions. National accounts manual used: European System of Accounts (ESA) 2010 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2015 Chain-weighted: Yes, from 2010 Primary domestic currency: Euro Data last updated: 09/2020	26.749	27.692	25.237	26.308	27.766	29.369	30.996	32.231	2019
Estonia	Gross national savings	Percent of GDP		Source: National Statistics Office Latest actual data: 2019 Notes: Data from 2003 onwards reflect methodological revisions. National accounts manual used: European System of Accounts (ESA) 2010 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2015 Chain-weighted: Yes, from 2010 Primary domestic currency: Euro Data last updated: 09/2020	28.741	30.335	29.236	28.308	28.766	29.269	30.896	32.131	2019
Estonia	Inflation, average consumer prices	Index		Source: National Statistics Office Latest actual data: 2019 Harmonized prices: Yes Frequency of source data: Monthly Base year: 2015 Primary domestic currency: Euro Data last updated: 09/2020	108.045	110.496	110.717	112.267	114.737	117.146	119.372	121.640	2019
Estonia	Inflation, average consumer prices	Percent change		See notes for: Inflation, average consumer prices (Index).	3.412	2.268	0.200	1.400	2.200	2.100	1.900	1.900	2019
Estonia	Inflation, end of period consumer prices	Index		Source: National Statistics Office Latest actual data: 2019 Harmonized prices: Yes Frequency of source data: Monthly Base year: 2015 Primary domestic currency: Euro Data last updated: 09/2020	108.640	110.590	110.811	112.363	114.835	117.246	119.474	121.744	2019
Estonia	Inflation, end of period consumer prices	Percent change		See notes for: Inflation, end of period consumer prices (Index).	3.319	1.795	0.200	1.400	2.200	2.100	1.900	1.900	2019
Estonia	Volume of imports of goods and services	Percent change		Source: Central Bank and Statistics of Estonia Latest actual data: 2019 Base year: 2015. Chain-weighted volumes Methodology used to derive volumes: Other Formula used to derive volumes: Chain-weighted volumes Chain-weighted: Yes, from 1995 Trade System: General trade Oil coverage: the oil and non-oil decomposition in real terms are based on WEO provided prices Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF) Primary domestic currency: Euro Data last updated: 09/2020	5.694	3.730	-11.456	8.471	6.716	5.866	5.000	4.500	2019
Estonia	Volume of Imports of goods	Percent change		Source: Central Bank and Statistics of Estonia Latest actual data: 2019 Base year: 2015. Chain-weighted volumes Methodology used to derive volumes: Other Formula used to derive volumes: Chain-weighted volumes Chain-weighted: Yes, from 1995 Trade System: General trade Oil coverage: the oil and non-oil decomposition in real terms are based on WEO provided prices Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF) Primary domestic currency: Euro Data last updated: 09/2020	4.767	2.594	-9.500	8.000	6.000	5.500	5.000	4.500	2019
Estonia	Volume of exports of goods and services	Percent change		Source: Central Bank and Statistics of Estonia Latest actual data: 2019 Base year: 2015. Chain-weighted volumes Methodology used to derive volumes: Other Formula used to derive volumes: Chain-weighted volumes Chain-weighted: Yes, from 1995 Trade System: General trade Oil coverage: the oil and non-oil decomposition in real terms are based on WEO provided prices Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF) Primary domestic currency: Euro Data last updated: 09/2020	4.008	6.231	-8.817	6.958	4.841	3.594	3.000	3.000	2019
Estonia	Volume of exports of goods	Percent change		Source: Central Bank and Statistics of Estonia Latest actual data: 2019 Base year: 2015. Chain-weighted volumes Methodology used to derive volumes: Other Formula used to derive volumes: Chain-weighted volumes Chain-weighted: Yes, from 1995 Trade System: General trade Oil coverage: the oil and non-oil decomposition in real terms are based on WEO provided prices Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF) Primary domestic currency: Euro Data last updated: 09/2020	2.746	6.210	-5.000	6.000	3.800	3.594	3.000	3.000	2019
Estonia	Unemployment rate	Percent of total labor force		Source: National Statistics Office Latest actual data: 2019 Employment type: Harmonized ILO definition Primary domestic currency: Euro Data last updated: 09/2020	5.371	4.448	7.800	6.109	5.000	4.966	4.966	4.966	2019
Estonia	Employment	Persons	Millions	Source: National Statistics Office Latest actual data: 2019 Employment type: Harmonized ILO definition Primary domestic currency: Euro Data last updated: 09/2020	0.665	0.671	0.647	0.667	n/a	n/a	n/a	n/a	2019
Estonia	Population	Persons	Millions	Source: National Statistics Office Latest actual data: 2019 Primary domestic currency: Euro Data last updated: 09/2020	1.322	1.325	1.325	1.326	1.326	1.325	1.325	1.324	2019
Estonia	General government revenue	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	10.026	10.849	9.042	10.804	11.538	12.413	13.011	13.884	2019
Estonia	General government revenue	Percent of GDP		See notes for: General government revenue (National currency).	38.655	38.590	33.927	37.989	38.266	39.132	38.994	39.589	2019
Estonia	General government total expenditure	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	10.146	10.960	10.862	12.188	12.881	13.603	14.234	14.948	2019
Estonia	General government total expenditure	Percent of GDP		See notes for: General government total expenditure (National currency).	39.118	38.985	40.757	42.854	42.719	42.883	42.660	42.623	2019
Estonia	General government net lending/borrowing	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	-0.120	-0.111	-1.820	-1.384	-1.343	-1.190	-1.223	-1.064	2019
Estonia	General government net lending/borrowing	Percent of GDP		See notes for: General government net lending/borrowing (National currency).	-0.463	-0.395	-6.829	-4.866	-4.453	-3.751	-3.666	-3.034	2019
Estonia	General government structural balance	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	-0.276	-0.290	-1.517	-1.318	-1.301	-1.173	-1.219	-1.057	2019
Estonia	General government structural balance	Percent of potential GDP		See notes for: General government structural balance (National currency).	-1.088	-1.061	-5.479	-4.569	-4.297	-3.692	-3.650	-3.014	2019
Estonia	General government primary net lending/borrowing	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	-0.129	-0.114	-1.823	-1.386	-1.344	-1.191	-1.224	-1.064	2019
Estonia	General government primary net lending/borrowing	Percent of GDP		See notes for: General government primary net lending/borrowing (National currency).	-0.498	-0.405	-6.840	-4.873	-4.459	-3.755	-3.668	-3.034	2019
Estonia	General government net debt	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	-0.458	-0.580	2.441	3.825	5.167	6.357	7.580	8.644	2019
Estonia	General government net debt	Percent of GDP		See notes for: General government net debt (National currency).	-1.765	-2.062	9.159	13.448	17.137	20.041	22.719	24.649	2019
Estonia	General government gross debt	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	2.152	2.360	4.981	6.364	7.707	8.897	10.120	11.184	2019
Estonia	General government gross debt	Percent of GDP		See notes for: General government gross debt (National currency).	8.296	8.396	18.687	22.378	25.560	28.047	30.330	31.890	2019
Estonia	Gross domestic product corresponding to fiscal year, current prices	National currency	Billions	Source: Ministry of Finance or Treasury Latest actual data: 2019 Notes: gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable Fiscal assumptions: The forecast incorporates the authorities’ approved supplementary budget for 2020, adjusted for newly available information and for Staff’s macroeconomic scenario. Start/end months of reporting year: January/December GFS Manual used: Hybrid of 1986 and 2001 manuals used Basis of recording: Cash General government includes: Central Government; Local Government; Social Security Funds; Valuation of public debt: Nominal value. This is the format of data provided by the authorities. Primary domestic currency: Euro Data last updated: 09/2020	25.938	28.112	26.652	28.440	30.153	31.721	33.366	35.070	2019
Estonia	Current account balance	U.S. dollars	Billions	Source: Central Bank Latest actual data: 2019 BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6) Primary domestic currency: Euro Data last updated: 09/2020	0.610	0.832	1.219	0.699	0.374	-0.040	-0.042	-0.044	2019
Estonia	Current account balance	Percent of GDP		See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).	1.992	2.643	4.000	2.000	1.000	-0.100	-0.100	-0.100	2019

International Monetary Fund, World Economic Outlook Database October 2020

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Report for Selected Countries and Subjects: October 2020