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ASSESSMENTS OF<br />

INTERNATIONAL RATING<br />

AGENCIES TO ESTONIA<br />

(as at 31 March 2009)<br />

• International competitiveness rating<br />

(Institute for Management Development, Lausanne)<br />

23rd place in the comparison of 55 countries. The rating describes the<br />

Estonian business environment, export capacity, openness, development of<br />

infrastructure. Compared to the last year the rating has fallen by one place.<br />

• Global competitiveness rating<br />

(World Economic Forum, Geneva)<br />

32nd place in the comparison of 134 countries. The rating describes the<br />

state’s capability to guarantee the sustainable economic growth in the<br />

medium long period. The latter is based on the information which describes<br />

the state’s development phase depending on whether the development<br />

is carried out based on resources, technology or innovation.<br />

Compared to the last year the rating has fallen by 5 places.<br />

• International human development index<br />

(UNO)<br />

42nd place in the ranking of 179 countries. The index considers the educational<br />

level, age, economic development level of citizens etc. Compared<br />

to the year 2007 the rise is by 2 places.<br />

• International index of economic freedom<br />

(The Heritage Foundation)<br />

12th place in the comparison of 162 countries. No changes with a year. The<br />

basis of assessment is the commercial policy, national intervention, financial<br />

policy, percentage of black market in economy etc.<br />

• International corruption index<br />

(Transparency International)<br />

27th place in the ranking of 180 countries. The corruption is the lowest in<br />

the country at the first place. A year ago the Estonian position was worse<br />

by one place.<br />

• International rating describing the capability of fulfilment<br />

of the long-term foreign obligations<br />

(Standard & Poors)<br />

A/A–1. The basis is the structural reforms carried out in the country, volume<br />

of direct investments, fiscal and financial policy. The rating “A“ means<br />

that the state is totally reliable.<br />

• International information technology index<br />

(World Economic Forum)<br />

18th place in the comparison of 134 countries. The basis is the use of IT in<br />

promoting the state economy. Compared to the last year Estonia has risen<br />

by two places.<br />

• Bertelsmann’s transformation index<br />

(Bertelsmann Media Worldwide)<br />

Estonia has the 3rd place among 125 countries. It describes the development<br />

of the market economy and democracy in the country through the<br />

speed and effectiveness of such reforms. The place of Estonia has not<br />

changed within the last year.<br />

• Tourism competitiveness index<br />

(World Economic Forum)<br />

Estonia has the 27th place among 133 countries. The index considers the<br />

governing security in the state, transport and IT infrastructure, natural and<br />

cultural resources, health and hygiene conditions. Estonia has fallen by<br />

one place within the last year. •<br />

88

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