Estonia Economic information

Estonia is a country located in Northern Europe. Estonia became a member of the European Union in 2004. The country's economy has shown great development following a rapid transformation process. Estonia's economy has a structure where information technologies and digital sectors are at the forefront. The country has one of the most developed digital economies in the world. Estonia is a leading country in its digital infrastructure and digitalization of government services. Estonia's GDP was recorded as approximately $31.8 billion in 2020. GDP per capita is approximately 24,000 dollars. The country's largest economic sectors include information technology, e-commerce, telecommunications, tourism, logistics and agriculture. Estonia has a very low unemployment rate and a generally stable economy. The country's low tax rates are an important factor in attracting foreign investments. Estonia also stands out in terms of entrepreneurship and innovation. Estonia's largest trading partners are the European Union countries. The country has extensive trade relations, especially with Germany, Sweden, Finland and Latvia. Estonia highlights products such as electronic goods, chemicals, wooden products and food products in its exports. Estonia is a country that stands out with its success in economic reforms and digitalization. In this way, although it is a small country, it is shown as an exemplary economy throughout the world.