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

Source: Photo: Postimees/Scanpix

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



Siim Kallas.

Interview: Siim Kallas on ambitions, Estonian politics, and EU presidency

Following the local elections in October this year, Reform Party founder, former prime minister, EU commissioner, and presidential candidate Siim Kallas took on the job of municipal mayor of Viimsi, a community on the outskirts of Tallinn. In his interview with ERR's Toomas Sildam, Kallas talks about local government, his party, the EU presidency, and perspectives in Estonian politics.

ERR kasutab oma veebilehtedel http küpsiseid. Kasutame küpsiseid, et meelde jätta kasutajate eelistused meie sisu lehitsemisel ning kohandada ERRi veebilehti kasutaja huvidele vastavaks. Kolmandad osapooled, nagu sotsiaalmeedia veebilehed, võivad samuti lisada küpsiseid kasutaja brauserisse, kui meie lehtedele on manustatud sisu otse sotsiaalmeediast. Kui jätkate ilma oma lehitsemise seadeid muutmata, tähendab see, et nõustute kõikide ERRi internetilehekülgede küpsiste seadetega.
Hea lugeja, näeme et kasutate vanemat brauseri versiooni või vähelevinud brauserit.

Parema ja terviklikuma kasutajakogemuse tagamiseks soovitame alla laadida uusim versioon mõnest meie toetatud brauserist: