One Year of Sanctions by Russia - Effect on Estonia
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A quick look at the effect of Russia's sanctions against EU and vice versa, from the perspective of the economy of Estonia. "Happy Anniversary! - One Year of Sanctions by Russia - Effect on Estonia" looks at the export and import of Estonia, the GDP and unemployment rate. Published in light of one year passing since Russia sanctioned most food products from the EU on August 6th 2014.
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One Year of Sanctions by Russia - Effect on Estonia
- 4. SWEDEN GDP: 526b Pop: 9,8m RUSSIA GDP: 2 022b Pop: 146,3m FINLAND GDP: 250b Pop: 5,5m ESTONIA GDP: 28b Pop: 1,3m LATVIA GDP: 38b Pop: 2,0m LITHUANIA GDP: 52b Pop: 2,9m
- 5. 267 402 605 710 880 601 844 1 312 1 512 1 411 1 187 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Estonia’s Export of Goods to Russia in million euros
- 6. 61 139 204 279 305 216 262 426 509 548 514 282 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estonia’s Export of Goods to Russia, Jan-May in million euros
- 7. 0 10 20 30 40 50 60 70 80 90 EUR vs RUB rate 2011 Jan to 2015 May 2011 2012 2013 2014 2015
- 8. 0 50 100 150 200 250 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estonia’s Export of Goods to Russia, Jan-May, by category in million euros Machinery and mechanical appliances; electrical equipment Products of the chemical or allied industries Prepared foodstuffs; beverages, spirits and vinegar
- 9. 3,4 9,2 16,6 16,6 14,6 22,7 36,6 35,0 29,3 31,8 21,0 0,6 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estonia’s Export of Goods to Russia, Jan-May, by category in million euros Animal products (Fish, dairy products)
- 10. 617 755 1 389 1 157 832 597 763 1 265 1 004 787 852 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Estonia’s Import of Goods from Russia in million euros
- 11. 259 321 613 646 355 299 372 707 476 396 384 357 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estonia’s Import of Goods from Russia, Jan-May in million euros
- 12. 0 100 200 300 400 500 600 700 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estonia’s Import of Goods from Russia, Jan-May, by category in million euros Mineral products (incl motor oils)
- 14. There has been a drop in total exports, but not a noticeable one (-1,4%) 1 825 2 347 3 134 3 327 3 538 2 516 3 184 4 955 5 056 5 297 4 897 4 828 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estonia’s Total Exports, Jan-May in million euros
- 15. 2013 Jan-May 2014 Jan-May 2015 Jan-May #Country EUR (in mill) #Country EUR (in mill) #Country EUR (in mill) 1Finland 923,6 1Sweden 837,1 1Sweden 929,0 2Sweden 896,9 2Finland 765,8 2Finland 747,4 3Russia 548,5 3Latvia 521,3 3Latvia 483,6 4Latvia 506,2 4Russia 513,8 4Russia 281,9 5Lithuania 324,9 5Lithuania 264,8 5Lithuania 261,3 6Germany 236,9 6Germany 246,2 6Germany 259,5 7Norway 197,9 7Norway 210,0 7Norway 204,1 8USA 175,3 8USA 172,8 8USA 171,8 9Netherlands 131,4 9Denmark 140,2 9Netherlands 166,5 10Denmark 124,9 10Belgium 131,5 10Denmark 145,6 TOP10 4066,5 TOP10 3803,4 TOP10 3650,8 Total 5296,6 Total 4897,3 Total 4828,2
- 16. 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 GDP at current prices, million euros 4 356,9 4 726,9 4 765,2 4 889,7 4 530,0 4 934,6 4 931,9 5 128,7 4 651,6 GDP chain-linked volume, change compared with previous period, percentages -6,4 6,8 -2,1 3,9 -7,5 8,8 -2,1 4,5 -9,2 GDP chain-linked volume, change compared with same period of previous year, percentages 3,9 0,8 0,3 1,7 0,5 2,3 2,4 3 1,1
- 17. 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Unemployment rate, % 10 8 7,8 8,7 8,5 7 7,5 6,3 6,6
- 19. More of a breeze than a storm.
- 20. ? Thanks!