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Estonia

Welcome to the price transmission page for Estonia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Estonia

Historic Warnings per Commodity

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Background information

Since the Fall of the Iron Curtain, Estonia transformed rapidly into a modern market-based economy with high income levels. Telecommunications and information technologies represent large and strong sectors of the economy. Other important industries are food, construction, and wood. Estonia’s resource base offers a large variety of smaller resources such as oil shale, peat, rare earth elements, phosphorite, clay, limestone, sand and dolomite. The country has earned a high position in the Index of Economic Freedom (2015). A major challenge is a shortage of labor, partly due to migration. Estonia is both a member of the EU and the Eurozone.

Almost half of the country’s area is covered by forests and one-fifth of the total land area is used for the agricultural sector, which contributes to 3.7% of GDP and employs 3.9% of total workforce. The main products include grain, potatoes, vegetables, livestock and fish. Overall, Estonia is a net cereals exporter.

As a developed country with high living standards, Estonia ranks very high in the HDI (2014) with a value of 0.861 and shows moderate unemployment rates at 6.2%. In 2013, around one-fifth lived in relative and 8% in absolute poverty.