This Survey is published on the responsibility of the Economic and Development Review Committee (EDRC) of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Estonia were reviewed by the Committee on 5 November 2014. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 15 December 2014.The Secretariat’s draft report was prepared for the Committee by Andrés Fuentes Hutfilter and Andreas Kappeler under the supervision of Andreas Wörgötter. Research assistance was provided by Seung-Hee Koh and Eun Jung Kim. Heloise Wickramanayake formatted and produced the layout of the document.The previous Survey of Estonia was issued in October 2012.