COUNTRY PROFILE Estonia
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL ESTONIA OVERALL PERFORMANCE (63 countries) 31 31 CHALLENGES IN 2018 Raising Raising labor labor productivity. productivity. Increase foreign and domestic investments. Stimulate balanced regional development. Promote cooperation between business and science sectors. To find a new markets outside the EU. Provided Estonian Institute by: of Economic Research, Tallinn Estonian Institute of Economic Research, Tallinn 31 BASIC FACTS Rank Capital Land area (square km '000) Tallinn 45 2017 Exchange Rate (per $) 0.887 2017 Population - market size (millions) 1.32 2017 60 Gross Domestic Product (GDP) (US$ billions) 25.9 2017 60 GDP (PPP) per capita (US$) 31,584 2017 35 Real GDP growth (%) 4.9 2017 11 Consumer price inflation (%) 3.72 2017 52 Unemployment rate (%) 5.80 2017 32 Labor force (millions) 0.70 2017 60 Current account balance (% of GDP) 3.20 2017 21 Direct investment stocks inward ($bn) 19.2 2016 58 Direct investment flows inward (% of GDP) 2.74 2017 25 COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education 38 49 42 20 35 15 36 34 36 22 26 26 43 29 17 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 18 19 19 18 19 18 20 20 19 19 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN ESTONIA ECONOMIC PERFORMANCE 44 40 39 44 32 Sub-Factor Rankings : 2017 Domestic Economy 55 International Trade 29 International Investment 51 Employment 43 Prices 8 2018 38 49 42 20 GOVERNMENT EFFICIENCY 20 20 21 Sub-Factor Rankings : 2017 Public Finance 14 Tax Policy 38 Institutional Framework 31 Business Legislation 17 Societal Framework 32 2018 35 15 BUSINESS EFFICIENCY 32 36 34 32 27 Sub-Factor Rankings : 2017 Productivity & Efficiency 37 Labor Market 41 Finance 36 Management Practices Attitudes and Values 26 2018 36 34 36 22 26 INFRASTRUCTURE 29 32 33 32 Sub-Factor Rankings : 2017 Basic Infrastructure 26 Technological Infrastructure Scientific Infrastructure 42 Health and Environment 29 Education 2018 26 43 29 17 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL ESTONIA OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6.5 4 4 2 2 8.5 4 4 2 2 10.5 4 4 2 2 29 34 17 39 Knowledge Talent Training & education Scientific concentration 25 20 25 21 15 Technology Regulatory framework Capital Technological framework 26 24 29 22 The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness 27 27 26 25 28 29 20 19 17 19 20 22 26 26 26 26 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 27 27 26 25 31 31 31 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 17 17 17 16 17 17 17 17 5
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES ESTONIA KNOWLEDGE Subfactors Talent 51 51 46 40 34 Training & education 2 1 3 2 17 Scientific concentration 19 38 38 38 39 Talent Rank Rank Rank Training & education Scientific concentration u Educational assessment PISA - Math 8 Employee training 14 Total expenditure on R&D (%) 26 w International experience 47 Total public expenditure on education 12 Total R&D personnel per capita 28 Foreign highly-skilled personnel 34 Higher education achievement 32 Female researchers 17 Management of cities 34 Pupil-teacher ratio (tertiary education) 32 w R&D productivity by publication 59 Digital/Technological skills 38 Graduates in Sciences 19 Scientific and technical employment 32 w Net flow of international students 50 Women with degrees 12 High-tech patent grants 21 TECHNOLOGY Subfactors Regulatory framework 27 24 19 25 Capital 10 16 16 18 21 Technological framework 19 14 14 18 15 Regulatory framework Rank Capital Rank Technological framework Rank u Starting a business 8 IT & media stock market capitalization - Communications technology Enforcing contracts 10 Funding for technological development 32 Mobile Broadband subscribers 10 w Immigration laws 52 Banking and financial services 20 u Wireless broadband 8 Development and app. of technology 28 Investment risk Internet users 11 Scientific research legislation 28 Venture capital 15 Internet bandwidth speed 37 Intellectual property rights 25 Investment in Telecommunications 26 High-tech exports (%) 35 FUTURE READINESS Subfactors Adaptive attitudes 29 28 31 24 Business agility 21 20 19 29 IT integration 24 25 25 25 22 Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 19 Opportunities and threats 25 E-Government Internet retailing 22 Innovative firms 36 w Public-private partnerships 40 u Tablet possession 8 u Agility of companies 9 Cyber security 9 Smartphone possession 32 Use of big data and analytics 20 Sofware piracy Attitudes toward globalization 35 Knowledge transfer 29 6
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