White expand arrow icon
Back to TalentWiki


Basic Economic Summary


  • Local Languages: Estonian
  • Capital: Tallinn
  • Currency: Euro
  • Population: 1.325 million
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): 23,723.31
  • Exchange Rate (EUR/USD): 1.18

Local Universities

Top Local Universities

University Rankings
University of Tartu Ranking in Estonia: 1, World Ranking: 384
Tallinn University of Technology (TUT) Ranking in Estonia: 2, World Ranking: 1067
Tallinn University Ranking in Estonia: 3, World Ranking: 1653
Estonian University of Life Sciences Ranking in Estonia: 4, World Ranking: 1860
Estonian Business School Ranking in Estonia: 5, World Ranking: 6028

Salary Data

Average Salary of Jobs (Per Month)

The table below shows the average salaries of some jobs in Estonia. Please refer to SalaryExplorer for more information.

Job Title Average Salary Range (EUR) Average Salary Range (USD)
Physician/ Doctors 2,360 - 10,900 2793.63 - 12902.77
Legal 1,020 - 8,140 1207.41 - 9635.64
Bank Managers 2,560 - 7,730 3030.37 - 9150.31
Chief Executive Officer 2,830 - 9,000 3349.98 - 10653.66
Chief Financial Officer 2,640 - 8,200 3125.07 - 9706.67
College Professors 1,390 - 5290 1645.40 - 6261.98

Talent Sourcing Tips


Employer Payroll Tax

The employer payroll tax is calculated as follows:

Category Rate
Pension 20.00%
Health Insurance 13.00%
Unemployment Insurance 0.80%

Employee Payroll Tax

The employee payroll tax is calculated as follows:

Category Rate
Pension 2.00%
Unemployment Insurance 1.60%

Employee Income Tax

Estonia has a proportional flat tax rate of 20%.

Minimum Wage & Payroll

Minimum Wage

The minimum wage in Estonia is €584 per month.

Payroll Cycle

The employee must be paid monthly.


13th month salary

There is no provision for the 13th month salary in Estonia.

Working Hours & Statutory Leave

Working hours

The typical number of working hours in Estonia is 40 hours a week. 

Overtime pay

In terms of overtime, it cannot exceed over 8 hours within a 7 day period.

Public Holidays

Number of public holidays is 12 days. The list of holidays can be found here.


Annual Paid Leave

The number of paid leave days entitled to employees is 28 days per year.

Sick Leave

Employees are entitled to 182 days of sick leave a year, with the maximum being 250. The salary paid during this period is 70% of his or her last average salary.

Parental Leave

Female employees are entitled to 140 days of maternity leave which can commence 70 days before the birth of the child. Maternity benefits are paid by the state.

Paternity leave is given for about 10 working days within 2 months of the expected due date of the child.

In Estonia, a mother or father is able to take paid parental leave until the child is of an age up to 3 years.

Offboarding & Termination

Termination Process

Termination in Estonia can take place in three ways: 

Immediate Termination - An employer terminates the contract immediately due to misconduct

Employee Resignation - An employee can send a written resignation between 14 days to 1 month.

Termination with notice - Notice period is determined from the employee agreement.

Notice Period

Notice period depends on the duration of the employment:

  • Less .than a year - 15 days’ notice
  • 1 - 5 years of employment - 30 days’ notice
  • 5 - 10 years of employment - 60 days’ notice
  • 10+ years of employment - 9- days’ notice

Severance Pay

If the contract is terminated due to redundancy, the employer must pay compensation of one month’s average wage of the employee equivalent to the average of the previous 6 month’s salary.

Probation period

The probation labour contract should not exceed 4 months.



Any queries or suggestions?
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Employ anyone from anywhere with Multiplier

Book a Demo