A small and prosperous North European country with a population of 1.3 million, Estonia is described as a Baltic Tiger owing to its rapid economic growth. It is the 4th freest economy in the world and boasts of a very high GDP (PPP) per capita income of $28,781. It is one of the countries with lowest debt in the world.
Estonia’s unemployment rate of 6.4% is lower than the European Union average. It became an OECD (Association of high income countries in the world) member in 2010. It has very close ties with the Nordic countries (the most socially advanced countries in the world) and is increasingly being considered a Nordic than a Baltic country. Estonia will hold the Presidency of the Council of the European Union in the first half of 2018. It is part of Schengen Area.
Estonia is considered as the most internet-focused country in the world. Skype software, created by Estonian developers, was mainly developed in Estonia. The percentage of GDP spent on Research and Development is higher than the European Union average. It is said to have the most startups per person in the world.
The number of tourists who visit Estonia annually is four to five times larger than the total population of the country!