Friday, July 25, 2008

Economy of Estonia - last five years

2005 - source
The Estonian economy is growing quickly, partly due to several Scandinavian companies relocating their operations to the country, and to Russian oil transit through Estonian ports. Estonia also has a thriving information technology sector, and trade with the West is strong. The country’s unemployment rate was just 7.9% in 2005 and around Tallinn the rate was impressively about 0%.

Other than oil-shale, which is present in significant quantities and provides the basis of the country’s power generation, Estonia has few raw materials of its own and relies mostly on imported commodities to produce finished goods. However, Estonia’s infrastructure, particularly the road network, is well-developed by regional standards.

2007
Economy_of_Estonia

No comments: