BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Bank of Estonia

International Reserves

US$ 561 million (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 27 billion (2014 estimate)

GDP (Purchasing Power Parity)

31 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
7.6% 7.2% 8.9% 10.1% 7.5% -4.2% -14.1% 2.6%
2011 2012 2013 2014*        
9.6% 3.9% 0.8% 2.4%        

*Estimate

GDP per capita - current prices

US$ 20,179 (2014 estimate)

GDP per capita - PPP

$23,213 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.03% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.9% 
  • industry: 30% 
  • services: 66.2% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

2.4% (2011)

Inflation
2011

2012

2013 2014*
5.1% 4.2% 3.5% 3.2%

*Estimate

Unemployment rate
2011 2012 2013 2014*
12.3% 10.0% 8.6% 8.5%

*Estimate

Household saving rates

0.3% (Net saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
6.7% 6.1% 9.8% 11.3% 10.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013

2014*

0.2% 1.2% -0.2% -0.4% -0.4%

*Estimate 

Government bond ratings

Standard & Poor's: AA-

Moody's rating: A1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$2.26 billion US$1.611 billion US$2.332 billion

* 2010 Estimate     **2012 Estimate 

Largest companies in Estonia

N/A

 
 
Source
Current account balance

US$ -357 million (2014 estimate)

Current account balance by percentage of GDP

-1.328% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

88.0% (2013)

Shares in world total merchandising export

0.09% (2012)

Shares in world total commercial services export

0.12% (2012)

Total exports

US$15.110 billion (2013 estimate) 

Export commodities

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%

Total imports

US$16.380 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and electrical equipment, mineral fuels, chemical products, foodstuffs, plastics, textiles

Exports - major partners

Sweden 16.8%, Finland 15.3%, Russia 12.7%, Latvia 9.2%, Lithuania 5.7%, Germany 4.8% (2012)

Imports - major partners

Finland 15.1%, Germany 10.7%, Sweden 10.7%, Latvia 10%, Lithuania 9%, Poland 6.6%, China 4.4%, Russia 4.1% (2012)

FDI inflows
2011 2012 2013
US$340 million US$1,517 million US$950 million
FDI outflows
2011 2012 2013  
US$-1,452 million US$952 million US$357 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$4 million US$-1 million US$1 million US$-36 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 22 out of 189 countries (2013)

Subcategories:

Starting a business: 61 out of 189 countries

Enforcing Contracts: 26 out of 189 countries

Registering Property: 15 out of 189 countries

Getting credit: 42 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 7 out of 189 countries

Paying Taxes: 32 out of 189 countries

Dealing with Construction Permits: 38 out of 189 countries

Getting Electricity: 56 out of 189 countries

Resolving Insolvency: 66 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

29

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 11 Score: 75.9 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+2

Total area

45,228 sq km

Capital

Tallinn 

Currency

krooni (EEK) 

Government type

parliamentary republic 

Languages

Estonian (official) 68.5%, Russian 29.6%, Ukrainian 0.6%, other 1.2%, unspecified 0.1% (2011 est.)

Religions

Lutheran 9.9%, Orthodox 16.2%, other Christian (including Methodist, Seventh-Day Adventist, Roman Catholic, Pentecostal) 2.2%, other 0.9%, none 54.1%, unspecified 16.7% (2011 est.)

Total population
1990 2000 2010 2014* 2019**
N/A 1.37 million 1.34 million 1.333 million 1.33 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
57.5% 70% 69% 68%
Population median age

41.2 years  (2014 est.)

Population growth rate

-0.68% (2014 est.)

Life expectancy

74.07 years (2014 estimate)

Adult literacy

99.8% (2011 estimate)

% of population living on less than $2 a day

1.4% (2011)

Inequality of wealth distribution (Gini index)

32.7 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 33.1%  Mobile 159.7%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

 

Internet users as % of total population

80% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Tallinn: 110th (2014)

CO2 emissions(Metric tons of CO2 per capita)

13.8 (2010)

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