The end of the year is a traditional time for summarizing results and making plans. The economic situation that has been shaped during the year not only determines the current state of affairs, but also sets the tone for future changes. For open economies such as Estonia, it is important to understand which factors have become the key drivers of growth and which obstacles have hindered development. Analyzing the current state of affairs and forecasting for the coming years allows not only to assess successes and challenges, but also to form benchmarks for the future.