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OECD's 2015 Economic Survey of Estonia examines recent economic developments, prospects and policy. Special chapters cover openness and raising productivity and making the most of human capital.
OECD's 2015 Economic Survey of Estonia examines recent economic developments, prospects and policy. Special chapters cover openness and raising productivity and making the most of human capital.
Estonia’s economy continues to perform well, and growing incomes support well-being. However, the expansion has peaked, and growth is set to soften due to weak international demand. Prudent fiscal policy has resulted in low debt, but spending pressures related to meeting infrastructure needs and ageing are mounting. Old age poverty is high and the proposal to allow early withdrawal of pension funds threatens macroeconomic stability and pension adequacy. The gender wage gap is among the highest in the OECD, and inequalities in income and health are considerable, reflecting gaps in the social safety net. The oil-shale sector is highly energy-intensive and is the main culprit behind Estonia’s high greenhouse gas emissions, but reducing dependence on the sector is challenging, as it is an important employer and meets 70% of Estonia’s energy needs.
The 2011 edition of OECD's periodic economic survey of Estonia's economy. This edition includes chapters covering emerging from the recessions, fiscal policy, public sector spending efficiency, and making the most of globalisation.
OECD's 2012 Economic Survey of Estonia examines recent economic developments, policy, and prospects. In addition it includes special chapters covering macroeconomic volatility and skills and poverty.
Estonian living standards have doubled since 2000 and income convergence was steady prior to the pandemic, although per capita GDP and productivity remain below the OECD averages. The economy experienced a severe downturn due to disruptions in trade, weaker export demand, high inflation and tight monetary conditions. With improvements in external demand, growth should start to recover this year.
The Estonian economy displays numerous strengths, including an excellent business environment, high educational attainment, and solid public finances. However, around a quarter of the population is still at risk of poverty and productivity growth has slowed down.
OECD's 2012 Economic Survey of Estonia examines recent economic developments, policy, and prospects. In addition it includes special chapters covering macroeconomic volatility and skills and poverty.