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World/Briefs/Estonia

Intelligence brief

Estonia — intelligence brief

The whole picture in one grounded read: observed macro indicators, the derived macro-sentiment composite, the business-cycle regime, and a forward forecast. Derived reads interpret already-observed numbers; the forecast is labelled projections (not observations); an absent series is shown honestly, never fabricated.

How to read this:Observeda real measured value from a named source.Derivedcomputed by Predictonomy from observed series using a reproducible method.AI readan AI interpretation of already-computed figures. Opinion, not a new data point.

Brief

What the data says

Observed macro, derived sentiment, the business-cycle regime, and forward projections — each traced to the live series it reads. Need it as JSON? GET /api/v1/brief/country/{iso3}.

Full briefledger 51018ed

Estonia: macro conditions look balanced (pressure 50/100); the economy is in expansion; 1 turning-point signal flagged; 23 observed macro indicators held; real gdp growth is projected at 1.5 for 2026.

Macro sentiment

Macro pressure

Derived
Watch
50/ 100

Higher = more macro pressure. Reads as balanced (sentiment +0.00, −1 stressed … +1 supportive).

ⓘ How this score works
Confidence: 90%

Outlook 2026: balanced (projected sentiment +0.02) · a projection from baseline forecasts

Business-cycle regime

DerivedRegime inputsas of 2025-12-31

Expansion

growth 0.6%momentum +0.67confidence: high
Turning-point signals
  • CPI inflation turned up (was falling, now rising).

Latest observations

Observed1 indicator omitted (not covered)

as of 2026-04-01

Business confidence indexObservedStale
96.7

OECD SDMX API

as of 2026-04-01

Consumer confidence indexObservedStale
94.6

OECD SDMX API

as of 2026-01-01

Current account balance to GDPObserved
-2.5%

IMF DataMapper API

as of 2025-01-01

Electric power consumption per capitaObserved
6.2k

World Bank Indicators API

as of 2024-01-01

Net energy importsObserved
6.1%

World Bank Indicators API

as of 2024-01-01

Energy use per capitaObserved
3.1k

World Bank Indicators API

as of 2025-01-01

Exports of goods and servicesObserved
78.4%

World Bank Indicators API

as of 2025-01-01

Gross domestic product, current US dollarsObserved
$47bn

World Bank Indicators API

as of 2025-01-01

GDP per capita, current US dollarsObserved
$34.4k

World Bank Indicators API

as of 2025-01-01

Real GDP growthObserved
0.6%

World Bank Indicators API

as of 2026-09-01

Government bond yield (10 year)Observed
4.1%

ECB Data Portal API

as of 2026-01-01

General government debt to GDPObserved
27.5%

IMF DataMapper API

as of 2025-01-01

Imports of goods and servicesObserved
77.4%

World Bank Indicators API

as of 2025-01-01

Consumer price inflationObserved
4.8%

World Bank Indicators API

as of 2026-09-01

Consumer price inflation (monthly)Observed
3.1%

ECB Data Portal API

as of 2025-01-01

Gross fixed capital formation to GDPObserved
24.2%

World Bank Indicators API

as of 2025-01-01

Total populationObserved
1.4m

World Bank Indicators API

as of 2025-01-01

Productivity growthObserved
1.8%

World Bank Indicators API

as of 2021-01-01

Renewable energy shareObserved
38.0%

World Bank Indicators API

as of 2025-01-01

Total reserves (excluding gold)Observed
$2.4bn

World Bank Indicators API

as of 2025-01-01

Reserves in months of importsObserved
1

World Bank Indicators API

as of 2025-01-01

Total reserves (including gold)Observed
$2.4bn

World Bank Indicators API

as of 2025-01-01

Unemployment rateObserved
8.3%

World Bank Indicators API

Forward forecast

Derivedprojections, not observations

Headline reliability: weak track record (+5% skill vs naive; realized ±0.5992 over 1) · a track record, not a guarantee

Forecast heldDerivedledger 51018ed
Real GDP growth — 2026 baseline projection
1.5

Estonia: forward projections across 17 macro indicators, horizons 2026, 2027, 2028, 2029, 2030, 2031, 2035, 2036. These are projections, not observations — each carries an optimistic/pessimistic band and a confidence interval, anchored against the latest observed value where one is held.

Current account balance to GDP

Latest observed-2.5(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
20260.14.18-3.98-0.75 – 0.95
2028-0.36.76-7.36-1.79 – 1.19
2030-0.78.41-9.81-2.64 – 1.24
2035-1.711.19-14.59-4.6 – 1.2

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Exports of goods and services

Latest observed78.36(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202679.4793.4267.3876.21 – 82.74
202881.69105.8560.7574.32 – 89.06
203083.91115.0956.8872.74 – 95.08
203589.45133.5651.2368.84 – 110.07

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Gross domestic product, current US dollars

Latest observed47bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202649.1bn52.9bn45.8bn47.6bn – 50.6bn
202854.3bn61bn48.6bn50.3bn – 58.4bn
203059.6bn68.1bn52.2bn52.8bn – 66.3bn
203572.7bn84.8bn62.2bn57.6bn – 87.8bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Real GDP growth

Latest observed0.58(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20261.512-10-0.85 – 3.85
20283.3612-10-0.83 – 7.56
20305.2312-10-0.4 – 10.85
20359.8912-100.94 – 12

Method: weighted_composite; lookback 6y; horizon 1y; confidence 80%

GDP per capita, current US dollars

Latest observed34.4k(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202635.8k38.7k33.2k34.7k – 36.9k
202839.4k44.5k34.9k36.5k – 42.3k
203042.9k49.5k37.2k38.1k – 47.8k
203551.9k61.2k43.8k41.1k – 62.6k

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Government bond yield (10 year)

Latest observed4.09(2026)· ECB Data Portal API

YearBaselineOptimisticPessimisticConf. band
20273.616.080.972.95 – 4.28
20293.057.3201.85 – 4.25
20312.778.2901.19 – 4.35
20362.5410.3600.21 – 4.88

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

General government debt to GDP

Latest observed27.5(2026)· IMF DataMapper API

YearBaselineOptimisticPessimisticConf. band
202625.8931.8219.0524.56 – 27.21
202829.6639.9317.8226.66 – 32.67
203033.4446.6918.1528.73 – 38.15
203542.8861.6221.2533.13 – 52.62

Method: linear_trend; lookback 10y; horizon 1y; confidence 80%

Imports of goods and services

Latest observed77.4(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202678.7492.1265.3775.44 – 82.05
202881.43104.658.2673.98 – 88.89
203084.12114.0454.2172.82 – 95.43
203590.85133.1548.5569.84 – 111.86

Method: linear_trend; lookback 8y; horizon 1y; confidence 80%

Consumer price inflation

Latest observed4.83(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
2026623.62-52 – 10
20287.8338.34-50.69 – 14.97
20309.6649.05-50.16 – 19.17
203514.2350-5-0.39 – 28.86

Method: exponential_smoothing; lookback 6y; horizon 1y; confidence 80%

Consumer price inflation (monthly)

Latest observed3.1(2026)· ECB Data Portal API

YearBaselineOptimisticPessimisticConf. band
20273.9817.2-50.99 – 6.97
20294.8227.72-5-0.48 – 10.13
20315.1334.68-5-1.83 – 12.09
20365.2947.08-5-4.82 – 15.4

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

Gross fixed capital formation to GDP

Latest observed24.22(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
202623.8729.3219.1522.71 – 25.03
202822.8432.2714.6620.39 – 25.28
203021.833.9911.2418.32 – 25.29
203519.2236.454.2813.68 – 24.75

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Total population

Latest observed1.4m(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20261.4m1.4m1.3m1.3m – 1.4m
20281.4m1.4m1.3m1.3m – 1.5m
20301.3m1.4m1.3m1.2m – 1.5m
20351.3m1.4m1.3m1.1m – 1.6m

Method: exponential_smoothing; lookback 10y; horizon 1y; confidence 80%

Productivity growth

Latest observed1.84(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20263.1615-8.081.23 – 5.08
2028615-102.47 – 9.53
20308.8515-103.95 – 13.75
20351515-106.68 – 15

Method: weighted_composite; lookback 7y; horizon 1y; confidence 80%

Total reserves (excluding gold)

Latest observed2.4bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20262.5bn3.2bn1.7bn2.3bn – 2.6bn
20282.6bn4bn1.3bn2.3bn – 3bn
20302.8bn4.5bn1.1bn2.3bn – 3.3bn
20353.2bn5.6bn777m2.3bn – 4.1bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Reserves in months of imports

Latest observed0.73(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20260.71.050.350.63 – 0.77
20280.661.270.060.52 – 0.81
20300.651.4300.45 – 0.85
20350.641.7400.31 – 0.96

Method: mean_reversion; lookback 10y; horizon 1y; confidence 80%

Total reserves (including gold)

Latest observed2.4bn(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20262.5bn3.3bn1.7bn2.3bn – 2.7bn
20282.7bn4bn1.3bn2.3bn – 3bn
20302.9bn4.6bn1.1bn2.4bn – 3.3bn
20353.3bn5.7bn860m2.4bn – 4.2bn

Method: weighted_composite; lookback 8y; horizon 1y; confidence 80%

Unemployment rate

Latest observed8.31(2025)· World Bank Indicators API

YearBaselineOptimisticPessimisticConf. band
20268.6510.237.078.27 – 9.03
20289.3312.076.598.46 – 10.2
203010.0113.546.478.66 – 11.35
203511.716.76.79.06 – 14.34

Method: linear_trend; lookback 6y; horizon 1y; confidence 80%

Generated by the prediction engine (model prediction-engine-v1) on 2026-10-31 from observed history. Projections, not observations — never a guarantee of future values.

Machine-readable: GET /api/v1/brief/country/EST · API docs