Republic of Estonia: Selected Issues

Volume/Issue: Volume 2007 Issue 256
Publication date: July 2007
ISBN: 9781451812534
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , GDP , interest rate , expenditure reduction , TFP growth , productivity growth , age-related expenditure , exiting firm , health care , Total factor productivity , Productivity , Health care spending , Aging , Europe , Baltics , Global

Summary

This Selected Issues paper on the Republic of Estonia highlights its growth performance relative to other countries in the European Union (EU). Estonia has experienced a period of unprecedented growth since the mid-1990s. Between 1995 and 2005, Estonia’s real GDP per capita rose by an average of 6½ percent a year, exceeding the annual growth rates of all other countries in the EU. This impressive growth performance is partly explained by the recovery from the immediate post-central planning drop in output.