2017 OECD ECONOMIC
SURVEY OF ESTONIA
Acting for stronger and more inclusive growth
Tallinn, 15 September 2017
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Main messages
•
The Estonian econom y is gain in g m om en tum ,
underpinned by stron g fun dam en tals.
•
Inequality an d poverty rem ain high. Redistribution in the
tax an d ben efit system is weak.
•
Deeper integration in to in tern ational trade and m ore
Economic growth is gaining momentum
Unemployment has declined significantly
Wages have increased fast
Public debt is the lowest in the OECD
Well-being could improve
Poverty remains elevated
Income inequality is high
Fiscal policy can help foster inclusive growth
The tax-benefit system has little redistributive
impact
Workers are exposed to health risks
The gender pay gap is high
The transition to a greener economy is key
Seize trade and
Productivity level and growth have been low
Trade could generate more income
Source: OECD/WTO (2016), Statistics on Trade in Value Added (database) and OECD (2016), "Trade in Employment: Core Indicators" in OECD Structural Analysis
Capital intensity is below the OECD average
Investment in intangible capital is low
Skill shortages impede business growth
Many workers feel under-skilled at the time
of hiring
The lack of skills remains an issue after
some time in the job
Migration can help to address shortages
The business environment is favourable
The insolvency regime is not conducive to
firm restructuring
Good access to finance is crucial
The quality of infrastructure can improve
Innovation capacity needs support
Co m p le te a o n e -s to p s h o p fo r a d m in is tra tive fo rm a litie s .
S tre n gth e n th e m o n ito rin g o f tra in in g co u rs e s . Exte n d
For more information
http://www.oecd.org/eco/surveys/economic-survey-estonia.htm
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Disclaimers:
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
