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Estonia 8th globally in the average job value of investment projects

According to the 2016 IBM Global Location Trends study, Estonia has made a leap in the value of jobs created by foreign direct investments (FDI). In 2014, Estonia ranked 38th globally in the category of job value, while in 2016, Estonia made it to the top 10 countries by average job value of investment projects. The top 3 countries in the ranking are Ireland, Singapore and Switzerland, while Estonia and Lithuania of the Baltics rank 8th and 10th, respectively.

The purpose of this type of ranking is to understand not merely the quantity of FDI into different countries, but also to assess the quality of jobs created.

Mr. Märt Helmja, FDI Area Manager of the Estonian Investment Agency was pleased with the results of the study. “It is increasingly important for Estonia to attract value added jobs in a situation where unemployment is low and therefore the economy cannot increase simply by creating new jobs. Each and every one of these jobs is important to us and that is why we have taken a more tailored approach in talking to investors. In this regard, a recognition by a global ranking such as IBM is a positive note that we are on the right path.”

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