National anthem:
name: "Mu isamaa, mu onn ja room" (My Native Land, My Pride and Joy)
lyrics/music: Johann Voldemar JANNSEN/Fredrik PACIUS
note: adopted 1920, though banned between 1940 and 1990 under Soviet occupation; the anthem, used in Estonia since 1869, shares the same melody with that of Finland but has different lyrics
Economy ::Estonia
Economy - overview:
Estonia, a 2004 European Union entrant, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has pursued relatively sound fiscal policies that have resulted in balanced budgets and very low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, and Germany. Tallinn's priority has been to sustain high growth rates - on average 8% per year from 2003 to 2007. Estonia's economy slowed down markedly and fell sharply into recession in mid-2008, primarily as a result of an investment and consumption slump following the bursting of the real estate market bubble. GDP dropped nearly 15% in 2009, among the world's highest rates of contraction. A modest recovery began in 2010, but unemployment stands above 13%. Estonia adopted the euro in January 2011.
GDP (purchasing power parity):
$24.53 billion (2010 est.) country comparison to the world: 114 $24.07 billion (2009 est.)
$27.96 billion (2008 est.)