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News

GDP flash estimate: the economy grew by 2.1% in Q2

Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

Latest business and consumer survey results published by Statistics Estonia

On 26 May, Statistics Estonia published for the first time the results of the surveys that measure consumers’ and enterprises’ economic confidence. The data are published in the statistical database.

Statistics Estonia starts monitoring consumers’ and enterprises’ economic confidence: each response matters

On 4 May, Statistics Estonia begins the economic sentiment surveys that show how secure Estonian residents feel financially and how enterprises see the future of their business activities.

In October, the growth in retail sales accelerated a little

According to Statistics Estonia, in October 2014 compared to October of the previous year, the retail sales of goods of retail trade enterprises increased 6% at constant prices. In September the retail sales increased 5% compared to the same month of the previous year, while in October the retail sales growth accelerated a little.

Construction volumes decreased in the 3rd quarter

According to Statistics Estonia, in the 3rd quarter of 2014 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries decreased 8%. The construction volumes have decreased for four quarters in a row.

Regional Development in Estonia 2014

In the 3rd quarter, the year-over-year increase in average monthly gross wages was 5%

According to Statistics Estonia, in the 3rd quarter of 2014, the average monthly gross wages and salaries were 977 euros and the average hourly gross wages and salaries were 5.89 euros. Compared to the 3rd quarter of 2013, the average monthly gross wages increased by 5.0% and the average hourly gross wages by 5.6%.

In October, the producer price index of industrial output decreased

According to Statistics Estonia, in October 2014, the producer price index of industrial output changed by -0.9% compared to September 2014 and by -2.1% compared to October 2013.

Winter round of the Foreign Visitors Survey to begin at border crossing points

Today, on 17 October, Statistics Estonia and Enterprise Estonia launch the second stage of the Foreign Visitors Survey that started at the border crossing points of Estonia in the summer. The second stage will last until the middle of December.

The labour market remained stable in the 3rd quarter

According to Statistics Estonia, unemployed persons numbered 51,000 and the unemployment rate was 7.5% in the 3rd quarter of 2014. Employment increased slightly, but the overall changes in employment and unemployment were minor.

In the 3rd quarter, economic growth was led by manufacturing

According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 2.1% in the 3rd quarter of 2014 compared to the 3rd quarter of 2013.

In September, more tourists stayed in accommodation establishments than a year ago

According to Statistics Estonia, 233,000 tourists stayed in accommodation establishments in September, which was 4% more than in September of the previous year. The number of both foreign and domestic tourists increased.

The foreign trade turnover in September was the biggest this year so far

According to Statistics Estonia, in September 2014, exports of goods increased by 7% and imports by 9% at current prices compared to September of the previous year. The increase in exports and imports was mostly influenced by the trade of electrical equipment and raw materials and products of chemical industry. Over the nine months of 2014, exports and imports declined by 3% compared to the same period of 2013.

In October, the annual change of the consumer price index was influenced the most by electricity

According to Statistics Estonia, the change of the consumer price index in October 2014 was 0.0% compared to September 2014 and -0.2% compared to October of the previous year.

A new publication on economic and labour market trends

Today, on 3 November, Statistics Estonia presents the publication “Changes in the Economy and Labour Market” which outlines the relevant trends in the last decade.