Baltic Tiger

AAA

DEFINITION of 'Baltic Tiger'

A colloquial term that refers to any one of the three Baltic nations of Lithuania, Latvia and Estonia, especially in reference to their double-digit growth rates from 2000 to 2007. The Baltic tigers achieved independence in the early 1990s, following the breakup of the Soviet Union, and embarked on an aggressive program of economic reforms and liberalization from 2000 onwards. These reforms led to significant inflows of foreign investment and resulted in these nations recording the highest growth rates in all of Europe, between 2000 and 2007.

INVESTOPEDIA EXPLAINS 'Baltic Tiger'

The Baltic Tigers share a number of attributes common to Tiger economies in other parts of the world. These attributes include an open economy, a highly-skilled workforce and relatively low wages. The credit crisis of 2008-2009 hit the Baltic Tigers especially hard, as they experienced the worst recessions among all nations worldwide, with gross domestic product contracting by 15 to 20%, in 2009.

RELATED TERMS
  1. Tiger Cub Economies

    The four Southeast Asian economies of Indonesia, Malaysia, the ...
  2. Baltic Exchange

    An exchange that handles the trading and settlement of both physical ...
  3. Celtic Tiger

    A nickname for Ireland during its boom years of the late 199 ...
  4. Baltic Dry Index - BDI

    A shipping and trade index created by the London-based Baltic ...
  5. Tiger Economy

    A nickname given to the economies of Southeast Asia. Some of ...
  6. Emerging Market Economy

    A nation's economy that is progressing toward becoming advanced, ...
RELATED FAQS
  1. What kinds of costs are included in Free on Board (FOB) shipping?

    Free on board (FOB) shipping is a trade term published by the International Chamber of Commerce or ICC, that indicates which ... Read Full Answer >>
  2. What regulations exist to protect infant industries?

    There are far more protections of once-infant and now-dominant industries in the United States than regulations designed ... Read Full Answer >>
  3. In what manner will a recession likely affect the marginal-propensity-to-save rate ...

    The marginal propensity to save, or MPS, rises in most, though not all, recessions. This makes perfect sense on an individual ... Read Full Answer >>
  4. Why would a country's gross domestic product (GDP) and gross national income (GNI) ...

    A country’s gross domestic product, or GDP, and gross national income, or GNI, are likely to differ considerably because ... Read Full Answer >>
  5. While closely related, how do gross domestic product (GDP) and gross national income ...

    Gross domestic product, or GDP, and gross national income, or GNI, are the two most important economic indicators that measure ... Read Full Answer >>
  6. How does protectionism affect gross domestic product (GDP?)

    The vast majority of economic literature suggests that protectionist policies reduce the gross domestic product, or GDP, ... Read Full Answer >>
Related Articles
  1. Mutual Funds & ETFs

    Go International With Foreign Index Funds

    As global trade continues to expand and the world's economies grow, spice up your portfolio with these exciting opportunities.
  2. Economics

    The Baltic Dry Index: Evaluating An Economic Recovery

    This index can provide insight into economic growth and production, but it has its critics.
  3. Forex Education

    Drastic Currency Changes: What's The Cause?

    Currency fluctuations often defy logic. Learn the trends and factors that result in these movements.
  4. Taxes

    Should The U.S. Switch To A Flat Tax?

    Some countries have begun charging a flat tax rate instead of the gradual tax system of the Western world.
  5. Active Trading

    Investing Lessons From Across The Pond

    There's a lot to learn from Anthony Bolton, who is known as Europe's Peter Lynch.
  6. Personal Finance

    State-Run Economies: From Public To Private

    Find out how former Iron Curtain countries used private enterprise to join the world financial markets.
  7. Economics

    Is Texas The Future Of America?

    The top three fastest-growing cities are located in Texas and 20% of jobs created between 2009 and 2014 were in the Lone Star State.
  8. Economics

    Explaining Demographics

    Demographics is the study and categorization of people based on factors such as income level, education, gender, race, age, and employment.
  9. Economics

    What are Deliverables?

    Deliverables is a project management term describing an object or function that must be provided or completed by a certain due date.
  10. Economics

    The Most Likely Outcome For Greece

    After more than five years of a Greek drama, most of us have become fatigued with hearing about Greece’s debt problems, the one issue that won’t go away.

You May Also Like

Hot Definitions
  1. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  2. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
  3. Bund

    A bond issued by Germany's federal government, or the German word for "bond." Bunds are the German equivalent of U.S. Treasury ...
  4. European Central Bank - ECB

    The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed ...
  5. Quantitative Easing

    An unconventional monetary policy in which a central bank purchases private sector financial assets in order to lower interest ...
  6. Current Account Deficit

    A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!