Economy

Construction volume increased in the 1st quarter

news release no 58

According to Statistics Estonia, in the 1st quarter of 2018 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased 21%. Taking into account only Estonian construction market, construction volume increased 29%.

Construction volume index and its trend, 1st quarter 2003 – 1st quarter 2018

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Number of economic units up last year

article
Katrin Aasmäe, Svetlana Šutova

In 2017, there were approximately 158,000 economically active units. 3,000 units were added, which is as many as in 2016. Considering legal form, the picture looks different – growth in the number of companies picked up and the number of non-profit associations decreased for the first time.

Economically active units by legal form, 2002–2017

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Last year, a record amount of aquaculture production was sold

news release no 57

According to Statistics Estonia, in 2017, aquaculture enterprises sold 870 tonnes of commercial fish and crayfish, with a total value of 3.7 million euros. The volume of aquaculture production sold in 2017 was highest of the last five years.

Aquaculture production sold, 1998–2017

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The industrial producer price index decreased in April

news release no 56

According to Statistics Estonia, in April 2018, the producer price index of industrial output changed by -0.5% compared to March and by 2.1% compared to April 2017.

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The gender pay gap remained at the level of previous year

news release no 53

According to Statistics Estonia, in October 2017, the average gross hourly earnings of female employees were 20.9% lower than the average gross hourly earnings of male employees. After three years of decrease, the gender pay gap remained at the same level as in the previous year.

The difference between the gross hourly earnings of female and male employees, 2017

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In March, exports decreased year on year

news release no 51

According to Statistics Estonia, in March 2018, the exports of goods decreased by 3% and imports increased by 4% compared to March 2017. In the first quarter of the current year, exports increased by 6% and imports by 2%, compared to the same period of 2017.

Estonia’s foreign trade by month, 2016–2018

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Consumer price index continued to rise in April

news release no 49

According to Statistics Estonia, the change of the consumer price index in April 2018 was 0.4% compared to March 2018 and 2.9% compared to April of the previous year.

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Estonia’s research and development intensity is average among the European Union member states

article
Rita Raudjärv, Tiina Pärson

Estonia’s research and development intensity indicator was 1.28 in 2016, placing Estonia 13th in the ranking of the European Union countries. Estonia is significantly ahead of Lithuania and Latvia, but still lags far behind Finland.

Ratio of research and development expenditure to GDP in the European Union, 2016

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In March, more tourists stayed in accommodation establishments than a year ago

news release no 48

According to Statistics Estonia, in March 2018, domestic and foreign tourists staying in accommodation establishments numbered 239,000, which is 5% more than in March 2017. The number of both domestic and foreign tourists increased.

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In March, the volume of industrial production was greater than a year ago

news release no 46

According to Statistics Estonia, in March 2018, the production of industrial enterprises increased 8% compared to March 2017. Production increased in manufacturing as well in mining and in energy.

Volume index of production in manufacturing and its trend, January 2009 – March 2018 (2015 = 100)

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In March, the turnover growth of retail trade enterprises decelerated slightly

news release no 45

According to Statistics Estonia, in March 2018, compared to March of the previous year, the turnover of retail trade enterprises increased 1% at constant prices. While in February, the turnover increased 3% compared to the same month of the previous year, the growth decelerated slightly in March.

Turnover volume index of retail trade enterprises and its trend, January 2008 – March 2018 <br>(2015 = 100)

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