Industry

Publications and articles

Industry

article
Minifacts about Estonia 2017 (p. 36)

In 2015, industrial production at current prices amounted to approximately 11.4 billion euros.

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Industry

article
Ruth Renter
– Eesti statistika aastaraamat. 2016. Statistical Yearbook of Estonia (p. 302)

In 2014, industrial production at current prices amounted to 11.6 billion euros – 4% more than in 2013. 61% of the production was exported.

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Industry

article
Minifacts about Estonia 2016 (p. 42)

At the beginning of 2015 manufacturing production grew compared to the same month of the previous year, but in the second half year it went into decline. In 2015, production in manufacturing fell 1% compared to 2014. 70% of the whole production of manufacturing was sold on the external market in 2015. Export sales decreased 2%, while domestic sales fell about 3% compared to 2014.

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Industry

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Eesti statistika aastaraamat. 2015. Statistical Yearbook of Estonia (p. 304)

In Estonia, the share of the industrial sector in the economy on the basis of value added is as high as in the European Union (EU) on average – about 15%. The number of persons employed in manufacturing, however, is one the largest in the EU – about 20%. There were 25 persons employed per enterprise in manufacturing in Estonia in 2005 and about 16 in 2013, but labour productivity based on. value added per person employed has doubled in the same period. While in 2005 the value added per person employed in manufacturing was 12,000 euros, then in 2013 – 24,000 euros. Thus, although there are signs of recovery in Estonia, many other EU countries with the same number of persons employed are still able to generate more value added.

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Industry

article
Minifacts about Estonia 2015 (p. 42)

The stable growth of industrial production in 2013 continued also in 2014. Compared to the previous year, industrial output rose by 2%. Production increased thanks to exports, which started to rise in the second half of the year. The share of the foreign market in 2014 was more than 70% of the total manufacturing output. Exports increased by 2% compared to 2013. Gradually, the demand in the domestic market has started to pick up as well. Similarly to exports, the demand in the domestic market also grew about 2% compared to 2013.

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General economic trends and knowledge-based economy

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Robert Müürsepp
– Muutuv majandus ja tööturg. Changes in the Economy and Labour Market (p. 25)

When we look at the Estonian economy in this century, the first thing that stands out is rapid economic growth, accompanied by high volatility due to a few crises (Figure 1, p. 13). The growth has been driven by convergence with wealthier countries, which has been greatly supported by various grants from the European Union (EU), especially from the Structural Funds. However, a much more significant role has been played by the smallness of the Estonian economy and its openness to foreign markets, which has exposed the Estonian economy to external shocks.

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The relationship between export activities and productivity: an overview of research results

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Priit Vahter
– Muutuv majandus ja tööturg. Changes in the Economy and Labour Market (p. 41)

A key factor in the standard of living and competitiveness of a country is the productivity of its enterprises and employees. Only growing productivity can drive a long-term increase in the level of wages. In terms of wages, Estonia can gain on the old European Union (EU) Member States if the growth of productivity in Estonia exceeds that of the Western European countries for an extended period.

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Industry

article
Ruth Renter
– Eesti statistika aastaraamat. 2014. Statistical Yearbook of Estonia (p. 298)

In 2012 industrial production at current prices was 10.4 billion euros. The growth was only 1% compared to 2011, but 50% compared to 2009. 62% of the production was exported.

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Industry

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Minifacts about Estonia 2014 (p. 38)

The growth of industrial production, which had started in the second half of 2012, continued in 2013 as well. Industrial output rose by 2.9% compared to the previous year, while the EU average output growth was replaced by a decrease of 0.5%. Compared to the neighbouring countries, the best result was in Lithuania, where output increased by 4.6%, compared to the previous year. Our close neighbours in the North – Sweden and Finland – experienced a decline in industrial output in 2013.

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Influence of the economic crisis on the industrial sector

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Tiina Pärson, Valentina Ralkina
– Eesti piirkondlik areng. 2013. Regional Development in Estonia (p. 180)

Industrial sector which includes mining and quarrying plays the leading role in Estonian economy. Together with the trade sector, industry produces the biggest share of value added in the sector of non-financial corporations. Nearly a tenth of the enterprises in the enterprise sector are operating in industry, the industry is also the biggest employer of persons employed in the enterprise sector.

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