Estonia generates most of its electricity from oil shale, with alternative sources making up a smaller percentage. The economy is diverse, with key sectors including oil shale energy, telecommunications, textiles, banking, and more. Estonia experienced a recession in 2008 but has since stabilized and seen growth based on strong exports. There are disparities in GDP between different areas, with over half of the country’s GDP created in Tallinn. Estonia has a low unemployment rate and a budget surplus, making it one of the least indebted countries in Europe.

It is worth noting that the country’s diverse economy provides various opportunities for businesses, including the pump industry. Estonia’s modern facilities, including the ice-free port of Muuga, have good transshipment capability and new oil tanker off-loading capabilities, making it a potential location for pump-related businesses.