The population of Estonia increased last year
According to Statistics Estonia, the preliminary estimate of the population of Estonia as at 1 January 2019 was 1,323,820, which is 4,690 persons more than at the same time a year ago.
In November, the trade deficit decreased
According to Statistics Estonia, in November 2018, the exports of goods increased by 18% and imports by 15% compared to November 2017. The trade deficit was 56 million euros. The last time the balance was under 60 million euros was in January 2015.
In November, the number of tourists who stayed in accommodation establishments decreased
According to Statistics Estonia, in November 2018, domestic and foreign tourists who stayed in accommodation establishments numbered 235,000, which is 1% fewer than in November 2017. Compared to November 2017, the number of domestic tourists increased and the number of foreign tourists decreased.
The greatest impact on the annual change of the consumer price index came from housing
According to Statistics Estonia, the consumer price index increased 3.4% in 2018 compared to the average of 2017.
Consumer Price Index in December
According to Statistics Estonia, the change of the consumer price index in December 2018 was -0.3% compared to November 2018 and 3.4% compared to December 2017.
In November, the volume of industrial production was greater than a year ago
According to Statistics Estonia, in November 2018, the production of industrial enterprises increased by 8% compared to November 2017. Production increased in manufacturing and energy, but decreased in mining.
In November, the turnover growth of retail trade enterprises accelerated
According to Statistics Estonia, in November 2018, compared to November 2017, the turnover of retail trade enterprises increased 5% at constant prices. While in October the turnover increased 3% compared to the same month of the previous year, in November the growth accelerated.
How does wealth affect consumption?
Quite often, money is used as the measure of wealth. Consumer demand has a direct impact on supply, i.e. the activity of entrepreneurs. Thus, it is good to understand the correlation between consumption and economic development, whether and how wealth affects the consumption of goods and services and how the consumption pattern is related to both the economic development of countries as well as the wealth of their households.
What is the economic growth engine of Estonia?
Entrepreneurial activity plays a significant role in economic development ‒ it is often a major driver of economic growth. Entrepreneurial activity facilitates the creation of new jobs and innovation and therefore it is important to study and identify the factors that generate and keep up entrepreneurial activity. The paper makes an attempt to identify the economic sectors which create the most value added and the determinants of the generation of value added.
Eesti Statistika Kvartalikiri. 4/18. Quarterly Bulletin of Statistics Estonia
The quarterly bulletin includes articles on topical or otherwise important issues in different fields. Each issue contains a selection of news with specific statistics for Estonia and other countries. The quarterly bulletin includes time series and diagrams of the main economic and social indicators. Overviews of the principles and methodology of statistics are also published in the bulletin.
