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Estonian economy grew by 5.2% compared to the pre-pandemic level

Kuupäev 01.03.2022
Article
According to the preliminary data of Statistics Estonia, in the fourth quarter of 2021, the gross domestic product (GDP), which shows how the Estonian economy is doing, grew by 8.6% compared to the same period of 2020. The GDP at current prices was 8.7 billion euros.

8. Decent Work and Economic Growth

Area
The focus of the global goal “Decent Work and Economic Growth” is to ensure sustainable and environmentally friendly economic growth that would not involve excessive and unsustainable use of resources. Sustainable economic growth helps people escape poverty and find employment. The 2030 Agenda sets a target to achieve higher economic productivity, using diversification, technological upgrades and innovation, and focusing among else on sectors that have high value added and are labour-intensive. It is also expected that governments support the creation of decent jobs, entrepreneurship

In the fourth quarter, the economy contracted by 1.2%

Kuupäev 01.03.2021
Article
According to Statistics Estonia, in the fourth quarter of 2020, the gross domestic product (GDP) decreased by 1.2% year on year, and the GDP at current prices was 7.3 billion euros. In 2020 as a whole, the Estonian economy shrank by 2.9%.

Economic growth hindered by rising prices

Kuupäev 31.05.2022
Article
In the first quarter of 2022, the gross domestic product (GDP) grew by 4.3% year on year. The GDP at current prices was 8 billion euros.

In the second quarter, Estonian economy contracted by 6.9%

Kuupäev 31.08.2020
Article
According to Statistics Estonia, in the 2nd quarter of 2020, the gross domestic product (GDP) fell by 6.9% compared to the 2nd quarter of 2019. The GDP at current prices was 6.4 billion euros.

In the third quarter, the Estonian economy shrank by 1.9%

Kuupäev 30.11.2020
Article
According to Statistics Estonia, in the third quarter of 2020, the gross domestic product (GDP) decreased by 1.9% year on year. The GDP at current prices was 7 billion euros. Transportation and storage and manufacturing activities were the main contributors to the economic decline.

International students and graduates continue to contribute more in taxes to the Estonian economy

Kuupäev 12.01.2022
Article
According to Statistics Estonia, in the academic year 2020/2021, international students and graduates in Estonia paid more than ever before in labour taxes: a total of 16 million euros. At the same time, the number of international students was smaller, while the number of international graduates continued to rise. International students and graduates were most likely to work in information and communication as well as in education. Compared to local students, they worked more often in start-up enterprises.