Estonia- Global Technology leader

ESTONIA À LEADER OF NEW TECHNOLOGY Baltic region of Northern Europe Recognized as leader in e-Government Estonian geeks developed the code behind Skype and Kazaa Estonia Population- 1.3 Million GDP- 27.3 Billion (†7.6% growth) Foreign Direct investment (FDI) flow - $257.1 Million Inflation rate is moderate 5.1% 1 GROWTH HISTORY 2000 Wifi and e-Government All Schools 2011 1998 are equipped with Computers Foundation laid under young Government 14000 New Companies Registered 1992 sale of skype to E-bay for 2005 $2.6 Billion became investors- earned tens of millions, being shareholders. HOW ESTONIA AND COMPARATOR ECONOMIES RANK Rank of ease on Doing Business (OVER 185 ECONOMIES) |Rank of ease on Starting the Business |Rank on the ease of Registering Property Denmark 33 Finland 24 47 6 Norway 43 21 14 49 Estonia ( Latvia 25 31 59 Lithuania | 27 107 Poland 55 62 124 COUNTRY COMPARISION RULE OF LAW World average 59.6 % Regional average 66.6 % 85% 64% Free economics 84.5 % 50% 100% Property rights Freedom from Regional Ranking -4 corruption 78.2% Business freedom LIMITED GOVERNMENT 56.0% Labor freedom 77.1% Monetary freedom Government spending REGULATORY EFFICIENCY 56.2% OPEN MARKETS 79.7% Trade freedom Investment freedom 86.8% Fiscal Freedom 90.0% 80.0% Financial freedom INTERESTING FACTS Independence in 1991. Now, it is improving as a world leader in Technology. In 2007, it became the first country to allow online voting in a general election. It has among the world's zippiest broadband speeds and holds the record for start-ups per person. 1.3 M citizens pay for parking spaces with their mobile phones. Filing an annual tax return online, as 95% of Estonians do, takes about five minutes. Designed By graphs.net