Estonia: Recent Economic Developments
June 7, 1996
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This report describes recent economic developments in the Republic of Estonia. The report highlights that after a cumulative decline of almost 30 percent in 1992–93, real GDP is estimated to have increased in 1994. Data on the composition of GDP by sector reflect the continuing adjustment of Estonia’s economy to fundamental systemic change and the institutional disruption of former production and trade patterns. The importance of the services sector has risen substantially, and is now estimated to account for more than 60 percent of GDP.
Subject: Banking, Commercial banks, Economic sectors, Expenditure, Exports, Financial institutions, Foreign direct investment, Imports, International trade, Privatization
Keywords: Baltics, Commercial banks, CR, deutsche mark, Eastern Europe, enterprise, Estonia, Exports, foreign currency, Imports, ISCR, money multiplier, net, Privatization, real value, state enterprise, U.S. dollar, Western Europe
Pages:
60
Volume:
1995
DOI:
Issue:
040
Series:
Country Report No. 1995/040
Stock No:
1ESTEA0011995
ISBN:
9781451812305
ISSN:
1934-7685
Notes
This report on recent economic developments in the Republic of Estonia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
