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Working international students and graduates contributed over 23 million euros in taxes in the previous academic year
Statistics Estonia, commissioned by the Education and Youth Board, analysed for the fifth time the economic contribution of working international students and international graduates. Although the number of international degree students in Estonia was down from the previous years, international students paid 16.6 million euros in income and social tax in the academic year 2022/23, and graduates from the year before contributed 6.9 million euros. For students, this is 2.5 million euros more than in the previous academic year, while for graduates it is 1.5 million euros less.
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Exports of services reached a record high in the fourth quarter
According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2023, Estonia’s exports of services grew by 5% and imports by 7% compared with the same quarter of 2022. Sales of services to non-residents totalled 3.1 billion euros and purchases of services from non-residents amounted to 2.3 billion euros at current prices. Total exports of services increased by 9% and imports by 8% last year.
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Exports of goods to Finland decreased the most in January
According to Statistics Estonia, in January 2024, exports of goods decreased by 11% and imports by 13% compared with January 2023. Exports of goods amounted to about 1.4 billion and imports to 1.5 billion euros at current prices. The trade deficit was 122 million euros, which is 60 million euros less than in January last year.
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There were 9,199 job vacancies in the fourth quarter of 2023
According to Statistics Estonia, in the fourth quarter of 2023, there were 9,199 job vacancies in the enterprises, institutions and organisations of Estonia. This is 18.5% less than in the same quarter last year. A little over 7,000 persons left their job at the initiative of the employer.
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In January, slightly fewer tourists stayed in accommodation establishments than a year earlier
According to Statistics Estonia, accommodation establishments in January served nearly 194,000 tourists, which is 1% fewer than in January last year. The number of domestic tourists decreased, while the number of foreign tourists increased.
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Volume of industrial production down by 8.6% in January (Corrected on 08.03.24)
According to Statistics Estonia, in January 2024, the total production of industrial enterprises decreased by 8.6% at constant prices compared with January 2023. Among the three main sectors, output fell by 11.9% in manufacturing and remained almost the same in mining, falling by just 0.6%. In energy production, output increased by 15%.