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Estonia
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 04.01.2017

Indicateurs clés

Région
45,228 km2
Population
1,265,420 (July 2015 est.)
Type de gouvernement
parliamentary republic
Langues
Estonian (official) 67.3%, Russian 29.7%, other 2.3%, unknown 0.7% (2000 census)
PIB
$37.55 billion (2015 est.)
Taux de croissance
1.1% (2015 est.)
IHD
30
Capitale
Tallinn

 

Introduction

After centuries of Danish, Swedish, German, and Russian rule, Estonia attained independence in 1918. Forcibly incorporated into the USSR in 1940 - an action never recognized by the US - it regained its freedom in 1991 with the collapse of the Soviet Union. Since the last Russian troops left in 1994, Estonia has been free to promote economic and political ties with the West. It joined both NATO and the EU in the spring of 2004, formally joined the OECD in late 2010, and adopted the euro as its official currency on 1 January 2011.

Source: The CIA World Factbook - Estonia

 

Indicateurs macroéconomiques

Economic growth is projected to strengthen gradually, boosted by private consumption. Exports and investment will gain some momentum in 2017 as economic activity strengthens in European trading partners. Shortages of skilled labour will push up wages and raise consumer price inflation somewhat.

The government’s fiscal stance is slightly expansionary, but public debt is very low. Reducing the structural surplus further would be appropriate to fund increased growth-enhancing spending, including for education and infrastructure. Aligning energy tax rates across different energy sources more closely and raising them according to their CO2 content would help improve energy efficiency, which is lower than in most OECD countries.

Labour productivity declined in 2015 and is expected to recover only gradually. Improving collaboration in applied research between domestic and foreign institutions, strengthening infrastructure, in particular by expanding access to European transport networks, and shortening corporate insolvency procedures would accelerate productivity growth. Strengthening vocational training would boost the productivity of low-wage workers, thereby making growth more inclusive.

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
2.9061.0681.5212.5042.855
Gross domestic product, current prices
U.S. dollars (Billions)
26.52722.70423.47624.60925.900
Gross domestic product per capita, current prices
U.S. dollars (Units)
20,159.95317,288.08317,896.46518,798.41719,841.212
Inflation, average consumer prices
Percent change
0.4760.0680.4951.3951.815
Volume of imports of goods and services
Percent change
1.400-1.8773.5634.3114.515
Volume of exports of goods and services
Percent change
1.711-1.1411.8483.3463.700
Unemployment rate
Percent of total labor force
7.3516.1045.5715.5235.396
Current account balance
U.S. dollars (Billions)
0.2720.4870.136-0.003-0.189
Current account balance
Percent of GDP
1.0262.1430.578-0.011-0.731
Colored cells are estimates

Source: IMF Statistics - Estonia

 

Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention and Protocol from 23.05.2006 (Memorial 2006, A, no. 229, p. 4075)
  • Effective as of 23.01.2007 (Memorial 2007, A, no. 42, p. 785)

Air Services agreement

None

Source: Administration des contributions directes

 

Plus d'informations

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Estonia

Embassy of the Grand Duchy of Luxembourg in Estonia

Ambassador with residence in Prague: Mrs. Michèle PRANCHERE-TOMASSINI

9 Street Apolinarska
CZ - 128 00 PRAHA 2

Tel: +420 257 18 18 00
Fax: +420 257 53 25 37
Email: prague.amb(at)mae.etat.lu 

Economic and Commercial Attaché (AWEX): André VILLERS  

Alberta iela 13 (5 th floor)
LV - 1010 RIGA-Latvia

Tel: +371 6 703 93 21
Fax: +371 6 703 93 24
E-mail: riga(at)awex-wallonia.com 

Honorary Consul

Honorary Consul with jurisdiction over the entire territory of the Republic of Estonia: Mr.Vahur KRAFT

Liivalaia 45
10145 Tallinn
Estonia

Tel: + 372 628 3210
Email: vahur.kraft(at)nodea.com 

Source: www.mae.lu
Source: www.awex.be

Country risk as defined by Office du Ducroire for Estonia

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: http://www.ducroire.lu/en/node/41?country=77

Other useful links

 

La Chambre de Commerce et le pays

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