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25 February, 2021updated 29 Oct 2021 18:12

Investing in Estonia: what you need to know

All of the key data and information needed when considering investing in Estonia.

By Carmen

As of 2021, Estonia has a population of 1.3 million, making it the 159th largest country in the world by this measure. There are 47.6% males and 52.4% females.

There are 613,537 people employed in Estonia, with an unemployment rate of 5.5% – 35,709 people.

Estonia is the 62nd largest economy in the world with a GDP of $33.4bn. Estonia’s GDP has grown by 79% between 2010 and 2021 and is expected to grow by 28% by 2025.

As of 2021 there are 48,424 students in tertiary education in Estonia, with 94,607 students in secondary and 93,234 in primary education. Estonia spent 4.2% of its GDP on education in 2019.

Estonia ranked 18th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 16th. In the World Economic Forum’s Global Competitiveness Report (2019), Estonia finished 31st, after ranking 31st in 2018.

Public healthcare expenditure totalled $1.5bn and private healthcare expenditure equalled $483m in 2018.

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