Estonia, a 2004 European Union entrant, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has followed sound fiscal policies that have resulted in balanced budgets and low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, Russia, and Germany. Tallinn's priority has been to sustain high growth rates - on average 8% per year from 2003 to 2007. Estonia's economy fell sharply into recession in mid-2008, primarily as a result of an investment and consumption slump following the bursting of the real estate market bubble. Estonia has rebounded well from the economic crisis. GDP contracted 14.3% in 2009, but the Estonian economy now has the highest GDP growth rate in Europe, largely thanks to a boom in exports and increased foreign investment following Estonia's adoption of the euro on 1 January 2011. Although Estonian GDP returned to positive growth in 2010, unemployment continued to rise, reaching an all time high of 19.8% in early 2010.

Data cover general government debt, and includes debt instruments issued (or owned) by government entities, including sub-sectors of central government, state government, local government, and social security funds

$7.06 billion (31 December 2011 est.)

$6.614 billion (31 December 2010 est.)

This figure represents the US dollar value of Estonian kroon in circulation prior to Estonia's joining the Economic and Monetary Union (EMU); see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the EMU; individual members of the EMU do not control the quantity of money circulating within their own borders

$11.57 billion (31 December 2011 est.)

$11.36 billion (31 December 2010 est.)

$19.51 billion (31 December 2011 est.)

$18.95 billion (31 December 2010 est.)

$1.611 billion (31 December 2011)

$2.26 billion (31 December 2010)

$2.654 billion (31 December 2009)

Grain, potatoes, vegetables; livestock and dairy products; fish

Engineering, electronics, wood and wood products, textiles; information technology, telecommunications

Machinery and electrical equipment 21%, wood and wood products 9%, metals 9%, furniture 7%, vehicles and parts 5%, food products and beverages 4%, textiles 4%, plastics 3%

Sweden 17%, Finland 16.3%, Russia 11.9%, Latvia 8.6%, Germany 4.9%, Lithuania 4.9% (2011)

Machinery and electrical equipment 22%, mineral fuels 18%, chemical products 3%, foodstuffs 6%, plastics 6%, textiles 5%

Finland 13.4%, Latvia 11.6%, Sweden 11.3%, Germany 10.9%, Lithuania 8.7%, Poland 7.2%, China 4.7% (2011)

$409 million (31 December 2011 est.)

$2.568 billion (31 December 2010 est.)

$25.22 billion (31 December 2011 est.)

$22.03 billion (31 December 2010 est.)

$16.57 billion (31 December 2011 est.)

$16.39 billion (31 December 2010 est.)

$7.524 billion (31 December 2011 est.)

$6.029 billion (31 December 2010 est.)