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According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

Sigrid Saagpakk, analyst at Statistics Estonia, noted that Statistics Estonia uses the data of the employment register of the Estonian Tax and Customs Board to estimate the number of occupied posts and labour turnover. Data on job vacancies, however, are collected by Statistics Estonia using a questionnaire. Vacant posts accounted for 1.7% of the total number of posts The total number of vacant and occupied posts in the second quarter was 595,760. The number of vacant posts was the highest in education (1,782) and in wholesale and retail trade (incl. repair of motor vehicles and motorcycles)

“Looking at the wage change trend, wage growth is still slower now than in 2023,” said Sigrid Saagpakk, analyst at Statistics Estonia. Average wages in seven groups of economic activities are higher than the national average Saagpakk stated that the average monthly gross wages and salaries in the third quarter of 2024 were the highest in information and communication (€3,506), financial and insurance activities (€3,068), and electricity, gas, steam and air conditioning supply (€2,540). The lowest average monthly gross wages and salaries were seen in accommodation and food service (€1,285)

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.

The total number of vacant and occupied posts in the fourth quarter was a little under 599,000. “The number of vacant posts was the highest in public administration and defence and compulsory social security (1,277). The number of occupied posts was the greatest in manufacturing (98,898),” said Sigrid Saagpakk, analyst at Statistics Estonia. Vacant posts accounted for 1.5% of the total number of posts. In addition to public administration, the other activities with a bigger number of job vacancies were information and communication (1,205), trade (1,187) and education (1,120). The number of

Data analytics involves collecting, processing, and analysing large amounts of data and making decisions based on this information. Tiina Pärson, leading analyst at Statistics Estonia, said that the use of data analytics in enterprises has quickly gone from being a niche skill to a common and natural part of daily work. “Data analytics is like a compass for enterprises, allowing them to better understand the market and their customers, increase efficiency, and make data-driven decisions. Two years ago, approximately 19% of enterprises used data analytics, while this year the figure stands at