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The 2024 major revision of Estonia’s GDP has been completed
Statistics Estonia has revised the entire time series of gross domestic product (GDP) starting from 1995. During the revision, updated basic data sources were incorporated and methodological improvements were made.
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Latest UN projection: world population will continue to grow for at least another 60 years
The most populous country is India, and the world's population will continue to increase until at least 2084. This is according to the population projection published by the United Nations in July.
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GDP flash estimate: recession slowed down in Q2
According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.
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Young workers are turning away from the information and communication sector
Statistics Estonia's short-term labour market statistics show that over the past year and a half, there have been fewer young people aged 20–29 working in both the broader information and communication sector and the more specific field of computer programming. While in previous years the field of computer programming was growing mainly because of young people, in the past year their numbers have fallen.
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Increased prices of wood products had the biggest impact on the producer price index of industrial output
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 export, increased by 1.0% in August 2024 compared with July and by 1.7% compared with August last year.
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92.9% of Estonian households use the internet, social media is increasingly popular
Data from Statistics Estonia show that the most popular online services used by the population in Estonia are banking and email. Compared with 2023, the number of social media users has increased – up by 5.7% in 2024.
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COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism
According to Statistics Estonia, in 2023, the average expenditure of Estonian residents on overnight outbound trips was greater than in the period before the COVID-19 pandemic. The average spending on outbound trips has increased by 43% in the years 2018–2023. The number of tourists accommodated in Estonia has not yet reached the pre-pandemic level, but the share of domestic tourists has increased significantly compared with 2018.
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14% of enterprises use artificial intelligence technologies
According to Statistics Estonia's survey on information technology, the use of artificial intelligence-based technologies has risen significantly in 2024 compared with the previous year, and cyber security has become increasingly important. 5% of enterprises used at least one AI technology in 2023, whereas in 2024, this figure has risen to 14%. Of large enterprises, 10% said they had experienced a disclosure of confidential data.
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In July, 13% more foreign tourists were accommodated than last year
According to Statistics Estonia, accommodation establishments served 507,600 tourists in July 2024, which is 5% more than in July last year. The number of foreign tourists increased, but the number of domestic tourists decreased in July.
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Telecommunications, computer and information services had the biggest trade surplus in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.
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3 skills that Estonian enterprises consider important for employees
Which skills should be acquired to remain competitive on the labour market and to prepare for the future? These questions are answered by the Continuing Vocational Training Survey conducted by Statistics Estonia.
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Exports of goods in particular rose in July
According to Statistics Estonia, in July 2024, Estonia’s exports of goods increased by 5% and imports by 1% compared with July 2023. Exports of goods amounted to over €1.3 billion and imports to nearly €1.7 billion at current prices. The trade deficit was €321 million, which is €59 million less than in July last year.
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Oil shale electricity production decreased last year
According to Statistics Estonia's data, Estonian power plants produced 5,686 gigawatt hours (GWh) of electricity and 4,323 GWh of heat in 2023. Compared with 2022, electricity production was down by 37% and heat production by 15%.
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The consumer price index continued to rise in August
According to Statistics Estonia, in August, the consumer price index increased by 0.4% compared with July and by 3.2% compared with August 2023. Goods were 1.4% and services 6.3% more expensive than in August last year.
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There were 9,908 job vacancies in the second quarter
- The total number of vacant and occupied posts stood at a little over 609,000.
- 50,365 persons were hired.
- 76% of job vacancies were in Harju county.
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The decline in industrial production continued in July
According to Statistics Estonia, in July 2024, the total production of industrial enterprises decreased by 5.8% at constant prices compared with July last year. Among the three main sectors, output increased by 16.9% in mining and by 16.3% in electricity production but decreased by 7.8% in manufacturing.