Estonia

The Republic of Estonia is in Northeastern Europe bordering Latvia, Russia, the Baltic Sea, and the Gulf of Finland. It is about the size of New Hampshire and Vermont combined and covers an area of45,226sq. kilometers. Estonia’s total population is about 1.29 million and is shrinking at a rate of 0.66% with 69% living in urban areas. The Estonian capital of Tallinn has a population of about 397,000 with other major cities including Tartu (102,000), Narva (66,000), and Parnu (44,000). The people are governed by a parliamentary republic and the primary language used is Estonian with about 30% of the population also speaking Russian. Estonia joined both NATO and the EU in 2004. The local currency used is the Euro.

Estonia’s economy has a free market economy that has benefited since joining the EU. It has one of the highest GDP per capita in Eastern Europe and a government dedicated to pursuing pro-market reforms. Its main trade partners are Finland, Sweden, Germany, Russia, Latvia, Lithuania, and Poland. Its primary imports are machinery and equipment, textiles, mineral fuels, chemical products, and foodstuffs. Exports consist of machinery and equipment, wood and paper, metals, food products, textiles, and chemicals products. Estonia’s GDP (Purchasing Power Parity) is $28.44 billion and is growing at a real rate of 2.4% with an inflation rate of 3.3%. Estonia ranked 21 out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.

Demographic Data Economic Data Cultural & Other Data
Area (sq. km.) 20,273 GDP (PPP, $bn) 28.44 Capital Tallinn
Population (million) 1.266 GDP RealGrowth (%) 2.4 Other Large Cities Tartu, Navua
PopulationGrowth % -0.66 per Cap GDP ($) 21,200 Primary Language Estonian
% PopulationUnder 15yrs 15.4 Prime LendingRate (%) 8 UrbanPopulation % 69
Population belowpoverty line (%) 17.5 Inflation Rate% 3.3 Urban Growth % 0.1
Agricultural Workers(% of population) 4.2 Unemployment% 11.5 Literacy(% of population) 99.8
Industrial Workers(% of population) 20.2 Foreign DirectInvestment($bn) 16.76 Education spendingas % of GDP 6.1
Service Workers(% of population) 75.6 Debt-External($bn) 25.92 CPI Score (1-100)* 32
Labor Force (mil) 675,900 Exports ($bn) 17.38 Corporate Income Tax % 21
    Imports ($bn) 17.87 Ease of DoingBusiness Ranking ** 21

 

Click the links below for articles with more information on Franchising in Estonia

Reform of European Union Rules of Distribution(2010)

European Commission's New Block Exemption Rules Enter into Force June 1(2010)

Picking the Best European Countries for Franchising(2009)

* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).

**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries.www.doingbusiness.org

Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.