Estonian economy expected to grow 2.6% in 2016 ({{commentsTotal}})

Business
Business

The Finance Ministry announced an economic forecast today, predicting 2.6 percent GDP growth for 2016.

The forecast is important because the 2016 state budget will be based on this figure.

Finance Ministry's prognosis said that there will be a small – 0.2 percent – budget deficit next year.

The average wage is expected to grow by 2.4 percent, taking into account the inflation that is predicted to stay at 2 percent in 2016.

Due to decline in working-age population, the number of people employed in Estonia will start to decrease from 2016.

The tax burden will decrease from 33.5 percent of GDP in 2015 to 33.2 percent in 2016.

Editor: S. Tambur



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.

Ermamaa: The fine art of passing the buck

Admit nothing, blame everyone: those most closely involved in the Ermamaa case don’t need arguments, writes ERR News editor Dario Cavegn.