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The economy contracted by 0.7% in Q3

Kuupäev 29.11.2024
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  3. The economy contracted by 0.7% in Q3
Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

Economy grew by 1.2% in Q4 of 2024

Kuupäev 03.03.2025
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  3. Economy grew by 1.2% in Q4 of 2024
Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the fourth quarter marked the end of 10 quarters of recession. “The last time the GDP grew was in the first quarter of 2022,” Müürsepp noted. In contrast to previous quarters, the majority of activities had a positive impact on the economy. “The energy sector led the way, with value added increasing by 21%. This was followed by real estate activities and information and communication – both saw their value added rise by 5.7%. Notably, manufacturing also recovered from the crisis, growing by 0.5%. The value added

Life expectancy in Estonia is 79.5 years

Kuupäev 28.05.2025
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  3. Life expectancy in Estonia is 79.5 years
“In 1994, the life expectancy of Estonian residents was 66.5 years, whereas by 2024 it had increased by 13 years and reached 79.5 years. In both Latvia and Lithuania, life expectancy has increased by about nine years in the same 30-year period. Life expectancy is currently 77.6 years in Lithuania and 75.6 years in Latvia,” explained Eveli Voolens, the social statistics team lead at Statistics Estonia. She added that Latvia has one of the lowest life expectancies in Europe. On the other hand, in Finland, life expectancy was already 76.7 years in 1994 and has now increased by 4.9 years to 81.6

Share of environmental goods and services sector in GDP up by a quarter in eight years

Kuupäev 01.11.2024
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  3. Share of environmental goods and services sector in GDP up by a quarter in eight years
Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the

General government deficit and debt increased last year

Kuupäev 25.03.2024
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  3. General government deficit and debt increased last year
According to the preliminary* data of Statistics Estonia, in 2023, the Estonian general government deficit was 3.4% and the debt level was 19.6% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 1.3 billion euros.

The economy contracted by 3% last year

Kuupäev 01.03.2024
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  3. The economy contracted by 3% last year
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.

Young workers are turning away from the information and communication sector

Kuupäev 17.07.2024
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  3. 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.

In the first quarter, the economy contracted by 2.4%

Kuupäev 31.05.2024
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  3. In the first quarter, the economy contracted by 2.4%
According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

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