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Construction prices started to rise in the fourth quarter
According to Statistics Estonia, in 2020, the construction price index increased by 0.4% compared to the average of 2019. In the fourth quarter of 2020, compared to the third quarter, the construction price index rose by 0.4%, and compared to the fourth quarter of 2019, fell by 0.1%.
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Producer price index rose by 0.7%
In December 2020, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for exports, increased by 0.7% compared to November 2020 and by 0.7% compared to December 2019.
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Working international students and graduates contributed over 13 million euros in taxes in Estonia
Statistics Estonia prepared an analysis for the Estonian Education and Youth Authority on the economic impact of international students working in Estonia. It appeared that during the academic year 2019/2020, international students paid 10 million euros in income and social tax in Estonia and international graduates more than 3 million euros.
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Population increased but births continued to fall
According to the preliminary data of Statistics Estonia, on 1 January 2021, the population of Estonia was 1,329,460 persons, which is 480 persons more than at the same time a year ago. Population decreased by 2,590 persons due to negative natural increase and increased by 3,070 persons as a result of positive net migration.
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A new indicator in foreign trade in services – mode of supply of service
Foreign trade statistics cover exports and imports of goods and services between Estonia and partner countries. While international trade in goods is based on their physical movement across borders, trade in services focuses on transactions between residents and non-residents, regardless of their location.
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In November, the number of accommodated tourists decreased by more than a half
According to Statistics Estonia, in November 2020, Estonian accommodation establishments served 118,000 tourists who spent 224,000 nights in total. The number of visitors fell by 55% compared to November 2019.