Financial statistics of enterprises

The profit of the business sector increased in the 2nd quarter

news release no 90

According to Statistics Estonia, in the 2nd quarter of 2017, the total profit of the business sector was 827 million euros, which was 22% more than in the same period the year before.

Total profit of the business sector, 1st quarter 2010 – 2nd quarter 2017

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Financial statistics of enterprises

Eesti Statistika Kvartalikiri. 2/17. Quarterly Bulletin of Statistics Estonia (p. 84)
Hille Vares, Reet Nestor

The activities of Estonian enterprises in 2015 were characterised by stability. The main economic indicators of enterprises – turnover, expenses and investments – remained on the level of the previous year; net profit, however, continued to decrease. The annual growth in personnel expenses remained on the level of the recent years, i.e. within 6–7% and surpassed the growth in both turnover and productivity. Productivity indicators decreased compared to the previous year due to increased employment in enterprises. According to preliminary data, in 2016, the turnover of enterprises increased slightly and personnel expenses continued to rapidly increase, affecting the steady decline in profits and modest investment activities. The following provides an overview of financial statistics of enterprises in 2015.

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The profit of the business sector increased in the 1st quarter

news release no 62

According to Statistics Estonia, in the 1st quarter of 2017, the total profit of the business sector was 612 million euros, which was 18% more than in the same period the year before.

Total profit of the business sector, 1st quarter 2010 – 1st quarter 2017

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In 2016 the total profit of the business sector decreased

news release no 21

According to the preliminary data of Statistics Estonia, in 2016 the total profit of the business sector was 2.7 billion euros, which was 10% less than the year before. The business sector’s total profit decreased for second year in a row.

Total profit of the business sector, 2002–2016

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The profit of the business sector decreased in the 3rd quarter

news release no 133

According to Statistics Estonia, in the 3rd quarter of 2016, the total profit of the business sector was 856 million euros, which was 4% less than in the same period a year before.

Diagramm: Total profit of the business sector, 1st quarter 2010 – 3rd quarter 2016

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The profit of the business sector decreased in the 2nd quarter

news release no 100

According to Statistics Estonia, in the 2nd quarter of 2016, the total profit of the business sector was 671 million euros, which was 6% less than in the same period a year ago.

Diagram: Total profit of the business sector, 1st quarter 2010 – 2nd quarter 2016

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Financial statistics of enterprises

Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 218)
Reet Nestor

Enterprises have an important role in the development of the Estonian economy. In 2014, about 73,500 non-financial enterprises operated in Estonia – 2,300 enterprises more than in 2013. The redundancies caused by the economic crisis and the economic growth that followed the crisis boosted the creation of new enterprises in 2010–2013. In this period, the number of enterprises increased quickly – 6–8% per year. In 2014, business activity declined and the number of active enterprises increased 3% compared to the previous year.

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Less than half of enterprises submitted EKOMAR in time

news release no 83

This year, for the first time, Statistics Estonia distributed the deadlines of the EKOMAR questionnaire over a longer period and, depending on the economic activity of the enterprise, the deadline fell in the period of 1–8 July. Out of the 8,000 enterprises that were to submit the questionnaire, 44% submitted EKOMAR in time.

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Statistics Estonia met with EKOMAR respondents

news release no 79

Today, on 6 July a meeting was held between Statistics Estonia and respondents where the main topics were the importance of data collected for producing official statistics, steps taken to reduce the administrative burden of enterprises, and penalty payments.

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The profit of the business sector decreased in the 1st quarter

news release no 66

According to Statistics Estonia, in the 1st quarter of 2016, the total profit of the business sector was 521 million euros, which was 12% less than in the same period a year ago.

Diagram: Total profit of the business sector, 1st quarter 2010 – 1st quarter 2016

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