IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL ESTONIA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Tallinn

2016 2017 2018 2019 2020

45 2019

0.893 2019 1.33 2019 31.4 2019 36,026 2019

Exchange Rate (per $)

28

30

31

31

35

60

Population - market size (millions)

CHALLENGES IN 2020 Ensure the functioning of the economy during and after Covid-19. Boost productivity through innovation and digital transformation. • Ensure the functioning of the economy during and after Covid- 19. • Boost productivity through innovation and digital transformation. • Promote cooperation between business and research sector.

60

Gross Domestic Product (GDP) (US$ billions)

35

GDP (PPP) per capita (US$)

4.3 2019 2.27 2019 4.40 2019 0.70 2019 2.19 2019 24.3 2018 9.23 2019

8

Real GDP growth (%)

38

Consumer price inflation (%)

• Stimulate balanced regional development. • Secure better access to skilled labor force.

26

Unemployment rate (%)

60

Labor force (millions)

28

Current account balance (% of GDP)

57

Direct investment stocks inward ($bn)

Estonian Institute of Economic Research (EKI) Pr vided by: Estonian Institute of Economic Research (EKI)

5

Direct investment flows inward (% of GDP)

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

15

17

18

20

23

24

25

26

28

28

28

30

33

35

36

37

37 39

39

44

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

18

19

19

18

18

19

19

20

22

21

68

IMD WORLD COMPETITIVENESS BOOKLET 2020