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HICP flash estimate: prices up by 0.5% in July

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

Today, on 25 June, Statistics Estonia published the June results of the surveys that measure the economic confidence of enterprises and consumers.

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.

In May the decrease of the producer price index of industrial output continued

According to Statistics Estonia, in May 2013, the producer price index of industrial output changed by -1.2% compared to April and by 3.4% compared to May 2012.

Statistics Estonia invites to participate in the competition for young statistician’s grant

Statistics Estonia announces again the competition for young statistician’s grant named after Albert Pullerits. This year the subject areas are environment and economy.

Last year the annual average gross wages (salaries) increased in all economic activities

According to Statistics Estonia, in 2012, the average monthly gross wages and salaries were 887 euros and the average hourly gross wages and salaries were 5.34 euros. Compared to 2011, the average monthly gross wages and salaries grew 5.7% and the average hourly gross wages and salaries 6.0%.

In April the foreign trade turned to the growth

According to Statistics Estonia, in April 2013, exports of goods increased by 6% and imports by 8% at current prices compared to April of the previous year. While the foreign trade declined in February and March compared to the previous year, then as of April, the trade increased. The increase in trade was mainly influenced by machinery and equipment.

In April more domestic tourists and fewer foreign tourists stayed in accommodation establishments compared to the previous year

According to Statistics Estonia, in April 2013, 192,000 foreign and domestic tourists stayed in accommodation establishments, which was 6% less than in the same month of the previous year. The number of domestic tourists increased and the number of foreign tourists decreased.

In the 1st quarter the economic growth rate slowed down

According to the second estimates of Statistics Estonia, in the 1st quarter of 2013 compared to the same quarter of the previous year, the gross domestic product (GDP) grew by 1.1%.

Introduction of renewable sources of energy has reduced the share of oil shale in electricity production

The change of consumer price index in May was mainly influenced by food

According to Statistics Estonia, the change of the consumer price index was 0.2% in May 2013 compared to April and 3.3% compared to May of the previous year.

The income of employees increased in all counties during the year

According to Statistics Estonia, in 2012, the average monthly gross income per employee was 844 euros. Compared to 2011, the average monthly gross income has increased in all counties.

In the 1st quarter there were nearly 7,000 job vacancies

According to Statistics Estonia, there were about 7,000 job vacancies in the enterprises, institutions and organisations of Estonia in the 1st quarter of 2013. Compared to the same period of the previous year, their number decreased by 1.1%, but increased by 5.7% compared to the previous quarter.

The growth in total profit of business sector slowed down

According to Statistics Estonia, in the 1st quarter of 2013 the total profit of the business sector was 647 million euros, which was 3% more than in the same period a year earlier. If the year ago the increase of enterprise sector’s total profit was on average 7% then in the 1st quarter this year the growth slowed down.

In April the industrial production grew compared to the previous year

According to Statistics Estonia, in April 2013, the production of industrial enterprises increased by 3% compared to April of the previous year. The growth in the production was most of all influenced by the manufacturing of electronic products and electricity.