We’re used to getting things done quickly. Our legislation is transparent and supportive of business. We have the most competitive and investment-friendly taxation system in Europe. Our national debt is also the lowest in Europe.
And our most valuable asset is our people. We are smart and hard-working. We don’t speak much, but we achieve a great deal. We think before doing and keep our promises. We also speak a large number of languages.
Estonia is the first country to offer e-residency, a transnational digital identity that allows digital signatures and the creation and operation of location-independent businesses online. Since 2014, people from 137 different countries have applied for e-residency.
Estonians are the most optimistic nation in the EU when it comes to expectations concerning the economy bequeathed to future generations. Only 4% of Estonians believe their children will be worse off than themselves, compared to the EU average of 18%.
In 2016 Q3, the unemployment rate was 7.5% and the employment rate 66.5%. The labour force participation rate increased by 1% compared to the same period in 2015 and the number of inactive working-age people is on a downtrend.
The employment rate in Estonia is high, especially among women. 72.6% of Estonian women aged 20-64 work (the EU average is 64.3%) 80.5% of Estonian men work, versus an EU average of 75.9%.