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Article

The rise in services exports slowed down in the third quarter

Kuupäev 12.12.2023
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  3. The rise in services exports slowed down in the third quarter
According to Statistics Estonia and Eesti Pank, in the third quarter of 2023, Estonia’s exports of services grew by 1% and imports by 3% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.8 billion euros and purchases of services from non-residents amounted to 2.2 billion euros. The balance of foreign trade in services was in surplus by 557 million euros.

In May, the number of tourists accommodated increased year on year

Kuupäev 08.07.2024
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  3. In May, the number of tourists accommodated increased year on year
According to Statistics Estonia, accommodation establishments served over 293,000 tourists in May 2024, which is 11% more than in May last year. There were more domestic as well as foreign tourists accommodated.

The rise in construction prices in the first quarter was held back by lower costs for materials and machinery

Kuupäev 23.04.2024
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  3. The rise in construction prices in the first quarter was held back by lower costs for materials and machinery
According to Statistics Estonia, in the first quarter of 2024, the construction price index increased by 0.2% compared with the fourth quarter of 2023 and by 0.9% compared with the first quarter of last year.

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.

The utilised agricultural area per holding in Estonia is one of the biggest in Europe

Kuupäev 13.02.2024
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  3. The utilised agricultural area per holding in Estonia is one of the biggest in Europe
According to the Farm Structure Survey conducted by Statistics Estonia, the number of agricultural holdings in Estonia has decreased by 6%, i.e. by 700, in three years. The average size of agricultural area has risen to 91 hectares, which is one of the highest values in the European Union (EU) after Czechia and Slovakia.

Sales of pesticides down for the second year in a row

Kuupäev 12.06.2024
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  3. Sales of pesticides down for the second year in a row
According to Statistics Estonia, 713.5 tonnes of pesticides by active substance were placed on the market in Estonia in 2023, which is a tenth less than in 2022 and less than in the four previous years as well. The majority of pesticides sold were again herbicides.

Dwelling price indices fell in the third quarter compared with the previous quarter

Kuupäev 22.12.2023
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  3. Dwelling price indices fell in the third quarter compared with the previous quarter
According to Statistics Estonia, in the third quarter of 2023, the dwelling price index decreased by 0.3% compared with the second quarter and increased by 3.8% compared with the third quarter of 2022.

Higher cost of materials had the biggest impact on the rise in construction prices last year

Kuupäev 23.01.2024
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  3. Higher cost of materials had the biggest impact on the rise in construction prices last year
According to Statistics Estonia, in 2023, the construction price index increased by 6.1% compared with the average of 2022. In the fourth quarter of last year, the construction price index increased by 0.9% compared with the third quarter. The index increased by 2.2% compared with the fourth quarter of 2022.

The population of Estonia in 2085 is projected to be 1.2 million

Kuupäev 13.06.2024
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  3. The population of Estonia in 2085 is projected to be 1.2 million
Today, Statistics Estonia releases the latest population projection for 2024–2085. Various key demographic indicators are published, including the population size of Estonia which is projected to be about 1.2 million in 2085. The population will decrease due to low fertility and population ageing.

Growth in foreign trade in services slowed down in the first quarter

Kuupäev 11.06.2024
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  3. Growth in foreign trade in services slowed down in the first quarter
According to Statistics Estonia and Eesti Pank, in the first quarter of 2024, Estonia’s exports of services grew by 2%, while imports were unchanged from the same period last year. Sales of services to non-residents totalled €2.8 billion and purchases of services from non-residents amounted to €2.2 billion at current prices. The balance of foreign trade in services was in surplus by €595 million, which is €45 million more than a year earlier.

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