Kyiv National Economic University named after Vadym Hetman

Philipps-Universität Marburg

Home task №1

Discipline: International economy

Economy of Estonia
By 2nd year student, faculty of International Economics and Management
Kamenchuk Polina, group IE-210i
14.09.2022
 Contect
3. GDP / GNI per capita table

4. GDP / GNI per capita graph

5. Why is Estonia so successful?

6-7. The Global Competitiveness Index 4.0 2019 Rankings

8. Human Development Index and its components

9. Human Development Index trends, 1990-2021

10. Inequality-Adjusted Human Development Index

11. Planetary Pressures–Adjusted Human Development Index

12. Conclusion

13. Sources
GDP / GNI per capita table
Year 2014 2015 2016 2017 2018 2019

Atlas method (current 18,88 18,57 18,29 18,76 21,2 23,05

US$)

PPP (current 28,946 29,176 31,313 33,822 36,249 37,851

international $)

GDP per capita (current 20,261 17,402 18,295 20,438 23,064 23,398
US$)
Why is Estonia so successful?
● The Estonians now have the rule of law, the lowest debt ‐​
to‐​GDP ratio in the EU, a balanced budget, free trade, and
a flat‐​rate income tax — all of which have led to their high
economic growth and prosperity.
● Estonia is nearly energy-independent, supplying over
90% of its electricity needs with locally mined oil shale.
● The ice-free port of Muuga, near Tallinn, is a modern
facility featuring good transshipment capability.
● Government pays attention on innovation sphere.
The Global Competitiveness Index 4.0 2019 Rankings
Human Development Index and its components
Human Development Index trends, 1990–2021

Year 1990 2000 2010 2015 2018 2019 2020 2021

HD 0.732 0.787 0.861 0.882 0.891 0.896 0.892 0.890
Index
Inequality-Adjusted Human Development Index
Planetary Pressures–Adjusted Human Development Index
 Conclusion

● Estonia is highly developed country.

● Estonia is financially stable.
● Estonia is very high tech country.
● Estonia is ranked very high in the Human Development Index.
● Estonia has a good quality of life
Sources
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD?end=2019&locations=EE&name_desc
=false&start=2014

https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2019&locations=EE&start=20
14

https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2019&locations=EE&start=2014
https://www.stat.ee/sites/default/files/2020-11/Revision%20of%20time%20series%20in%2020
19.pdf

https://www.stat.ee/en/find-statistics/statistics-theme/finance/national-accounts

https://en.wikipedia.org/wiki/Economy_of_Estonia

https://www.weforum.org/reports/how-to-end-a-decade-of-lost-productivity-growth

https://hdr.undp.org/reports-and-publications