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Article

Economic growth in Estonia increased significantly

Kuupäev 13.06.2018
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  3. Economic growth in Estonia increased significantly
Economic growth in Estonia was broad-based. In the previous years, the growth was largely due to internal consumption, whereas in 2017, the growth became more broad‑based. The role of household consumption decreased. After years of decline, investments began to increase again as a result of improved economic climate, indicating a positive mind-set of entrepreneurs.

Production decreased in most manufacturing activities

Kuupäev 30.09.2020
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  2. Production decreased in most manufacturing activities
According to Statistics Estonia, in August 2020, the production of industrial enterprises decreased by 5% compared to August 2019. Production decreased in manufacturing but increased in energy and mining.

The economic slowdown continued

Kuupäev 11.11.2013
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  3. The economic slowdown continued
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 0.4% in the third quarter of 2013 compared to the third quarter of 2012.

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

Industrial production fell by 4.7% in April

Kuupäev 05.06.2024
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  3. Industrial production fell by 4.7% in April
According to Statistics Estonia, in April 2024, the total production of industrial enterprises fell by 4.7% compared with April last year. Among the three main sectors, output increased by 3.6% in mining and by 10.1% in electricity production but decreased by 5.7% in manufacturing.

Record high trade in Estonia in the previous year

Kuupäev 09.02.2012
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  3. Record high trade in Estonia in the previous year
According to Statistics Estonia, in 2011 the exports of goods from Estonia at current prices totalled 12 billion euros and imports 12.6 billion euros. The annual increase was record big – exports increased by 38% and imports by 37% compared to the previous year.

The volume of industrial production decreased by 5% last year

Kuupäev 02.02.2021
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  2. The volume of industrial production decreased by 5% last year
According to Statistics Estonia, the total production of industrial enterprises in 2020 was 5% smaller than the year before. Production decreased in all three main industrial sectors: by 19% in energy production, by 13% in mining and by 4% in manufacturing.

14% of enterprises use artificial intelligence technologies

Kuupäev 13.09.2024
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  3. 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.

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

Kuupäev 30.11.2020
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  2. In the third quarter, the Estonian economy shrank by 1.9%
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.

Economic growth decelerated in the 1st quarter

Kuupäev 13.05.2013
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  3. Economic growth decelerated in the 1st quarter
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 1% in the 1st quarter of 2013 compared to the same quarter of the previous year.

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