What is Estonia economy like?

Estonia, a member of the EU since 2004 and the euro zone since 2011, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region, but its economy is highly dependent on trade, leaving it vulnerable to external shocks.

Is the Estonian economy good?

Estonia’s economic freedom score is 78.2, making its economy the 8th freest in the 2021 Index. Its overall score has increased by 0.5 point, primarily because of an improvement in judicial effectiveness.

How is Estonia so rich?

In terms of the labor market, Estonia’s unemployment rate is 5.3 percent, well below the EU average. Finally, its efficient and attractive corporate tax system (undistributed profits aren’t taxed) has placed Estonia as a worldwide center for high-tech companies, boosting foreign investments and economic growth.

Is Estonia richer than Lithuania?

Liutauras Gudžinskas, head of Northern European Studies Centre at the International Relations and Political Sciences at Vilnius University, however, notes that according to the latest Eurostat stats, Lithuania has edged out Estonia on GDP per capita.

Is Estonia expensive?

Estonia has become the most expensive country in the Eastern part of the European Union, Poland being cheapest. As confirmed by personal experience and fresh Eurostat data.

Is healthcare free in Estonia?

The Estonian health insurance system is a solidarity-based social insurance system. This means it provides healthcare for everyone. Estonia is quite covered by health care and treatment is equally available in all regions.

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Are there slums in Estonia?

Twentieth century towns include two opposite phenomena, both very typical of an Estonian town: slums and garden suburbs. Just as a hundred years ago most peasants still lived in chimney-less dwellings, the Estonian townsman largely remained a slum-dweller, at least until the early 20th century.

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