Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Total population1.32 million1.32 million1.32 million
WDI
A.1.1
Total number of households.6 million.59 million.58 million
Statistics Estonia
A.1.2
Average household size2.202.202.20
Eurostat
A.1.3
Urban population (% of total)67.42% of total67.47% of total67.54% of total
WDI
A.1.4
Urban population growth (annual %)-.1%-.07%-.06%
WDI
A.1.5
A.2 Economy
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
GDP, current prices (U.S. dollars)25,973 USD (millions)23,348 USD (millions)22,578 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)41,564 USD (millions)38,939 USD (millions)37,671 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)19,840.14 USD 17,798.65 USD 17,192.43 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)31,749.52 USD 29,684.6 USD 28,685.04 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.85%2.06%1.67%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.76%2.35%-.17%
WEO
A.2.6
GDP, deflator (Index) 122.03 117.37115.53
WEO
A.2.7
Consumer price index115.46111.64111.47
WDI
A.2.8
GINI Index  32.70
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Self-employed9.72%9.5%9.4%
WDI
A.2.14.1
Unemployed5.8%6.8%6.2%
Statistics Estonia
A.2.14.3
Interest Rates:A.2.15
Average bank deposit rate .39%.5%
IFS
A.2.15.4
Lending rate 4.23%4.48%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Number of dwelling units:B.1.1
Total706,000 million  
Statistics Estonia
B.1.1.1
Total Urban289,852 million  
Statistics Estonia
B.1.1.2
Characteristics of housing stock:B.1.3
% of substandard dwelling units 5.5% of total5.4% of total
Statistics Estonia
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units81.8% of total81.4% of total81.5% of total
Eurostat
B.1.4.1
% of owner units with a mortgage20% of total19.5% of total19.4% of total
Eurostat
B.1.4.2
Private rental units4% of total4.1% of total3.7% of total
Eurostat
B.1.4.3
Public / social rental units14.2% of total14.5% of total14.7% of total
Eurostat
B.1.4.4
Estimated Number of units completed/yearB.1.5
Formal sector/registered5,890 units4,732 units3,969 units
Statistics Estonia
B.1.5.1
Number of recorded urban housing transactions/year 4720446188
Statistics Estonia
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate5.5%4.7%6.9%
Statistics Estonia
B.2.3.1
M2 construction cost for median quality houseB.2.4


back to top | Country Data:
Notes: 15 commercial banks and 20 savings and loan associations
Notes: 16 commercial banks and 20 savings and loan associations. In October, DNB Bank and Nordea Bank combined into Luminor Bank.
Notes: 85% LTV cap
Notes: 85% LTV cap
Notes: 85% LTV cap
Notes: Actual value is 0.002%
Notes: Actual value is 0.002%
Notes: Actual value is 0.002%
Notes: Actual value is 0.003%
Notes: Actual value is 0.003%
Notes: Actual value is 0.003%
Notes: Based on market share
Notes: Based on market share
Notes: Based on number of firms, not market share
Notes: Based on number of firms, not market share
Notes: Based on number of firms, not market share
Notes: Based on number of firms, not market share
Notes: DSTI limit of 50%
Notes: DSTI limit of 50%
Notes: DSTI limit of 50%
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwelling Price Index
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Dwellings in bad condition (major shortcomings or almost unsuitable for living)
Notes: Institutional Funding
Notes: Law on Property 1993
Notes: Maximum loan maturity of 30 years
Notes: Maximum loan maturity of 30 years
Notes: Maximum loan maturity of 30 years
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: Rent at reduced price or free
Notes: SEB Loan Protection insurance can be used for a SEB mortgage. It protexts incomes and performance of loan obligations if borrower's income has decreased or ended
Notes: SEB Loan Protection insurance can be used for a SEB mortgage. It protexts incomes and performance of loan obligations if borrower's income has decreased or ended
Notes: Stamp duty in insignificant amounts may apply on certain real estate transactions
Notes: Swedbank owns 100% of Hansabank, the largest bank in Estonia
Notes: Swedbank owns 100% of Hansabank, the largest bank in Estonia
Notes: Total dwellings in Harju County