Economic and financial data for Estonia

22 October 2021

[ Real Sector | Fiscal Sector | Financial Sector | External Sector | Population ]

Unless otherwise indicated, the data are not seasonally adjusted.
Unless otherwise indicated, the data are final when first released.
The SDDS titles are shown in bold; the national data categories descriptors, if applicable are shown in parenthesis.

SDDS data category and component				Unit description	Observations			Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
REAL SECTOR
SDDS data category and component				Unit description	Period of latest data	Latest data	Data for previous period	Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
National Accounts (GDP at market price)¹				million euros, preliminary	Q2/21	7 413,2	6 706,3			Statistics Estonia	DSBB
	Agriculture, forestry and fishing			million euros, preliminary	Q2/21	75,6	111,3
	Mining and quarrying			million euros, preliminary	Q2/21	64,5	49,8
	Manufacturing			million euros, preliminary	Q2/21	971,7	878,9
	Electricity, gas, steam and air conditioning supply			million euros, preliminary	Q2/21	137,8	217,1
	Water supply; sewerage, waste management and remediation activities			million euros, preliminary	Q2/21	69,2	60,3
	Construction			million euros, preliminary	Q2/21	431,0	295,3
	Wholesale and retail trade; repair of motor vehicles and motorcycles			million euros, preliminary	Q2/21	836,5	711,8
	Transportation and storage			million euros, preliminary	Q2/21	482,3	403,5
	Accommodation and food service activities			million euros, preliminary	Q2/21	69,6	48,0
	Information and communication			million euros, preliminary	Q2/21	619,4	519,2
	Financial and insurance activities			million euros, preliminary	Q2/21	299,4	305,4
	Real estate activities			million euros, preliminary	Q2/21	586,7	595,9
	Professional, scientific and technical activities			million euros, preliminary	Q2/21	361,5	311,7
	Administrative and support service activities			million euros, preliminary	Q2/21	245,7	220,3
	Public administration and defence; compulsory social security			million euros, preliminary	Q2/21	407,0	382,2
	Education			million euros, preliminary	Q2/21	319,1	308,0
	Human health and social work activities			million euros, preliminary	Q2/21	330,8	308,4
	Arts, entertainment and recreation			million euros, preliminary	Q2/21	98,2	94,1
	Other service activities			million euros, preliminary	Q2/21	58,5	59,4
	FISIM			million euros, preliminary	Q2/21
	Net taxes on products			million euros, preliminary	Q2/21	945,5	822,8
National Accounts (GDP chain-linked volume)¹				million euros, preliminary	Q2/21	6 333,0	5 856,6	8,1	12,9	Statistics Estonia	DSBB
	Agriculture, forestry and fishing			million euros, preliminary	Q2/21	53,4	79,8	-33,1	-8,8
	Mining and quarrying			million euros, preliminary	Q2/21	82,0	63,4	29,4	23,5
	Manufacturing			million euros, preliminary	Q2/21	856,2	801,9	6,8	18,9
	Electricity, gas, steam and air conditioning supply			million euros, preliminary	Q2/21	73,4	165,3	-55,6	-24,4
	Water supply; sewerage, waste management and remediation activities			million euros, preliminary	Q2/21	65,5	60,3	8,7	38,8
	Construction			million euros, preliminary	Q2/21	415,3	279,5	48,6	5,9
	Wholesale and retail trade; repair of motor vehicles and motorcycles			million euros, preliminary	Q2/21	673,4	615,8	9,4	6,4
	Transportation and storage			million euros, preliminary	Q2/21	608,1	500,5	21,5	35,8
	Accommodation and food service activities			million euros, preliminary	Q2/21	55,0	38,4	43,3	44,5
	Information and communication			million euros, preliminary	Q2/21	546,1	462,7	18,0	32,4
	Financial and insurance activities			million euros, preliminary	Q2/21	247,3	255,4	-3,2	-0,5
	Real estate activities			million euros, preliminary	Q2/21	496,9	508,1	-2,2	8,9
	Professional, scientific and technical activities			million euros, preliminary	Q2/21	307,4	263,8	16,5	13,9
	Administrative and support service activities			million euros, preliminary	Q2/21	205,1	186,8	9,8	14,4
	Public administration and defence; compulsory social security			million euros, preliminary	Q2/21	308,5	297,6	3,7	1,3
	Education			million euros, preliminary	Q2/21	226,3	220,0	2,9	1,4
	Human health and social work activities			million euros, preliminary	Q2/21	215,9	199,7	8,1	14,4
	Arts, entertainment and recreation			million euros, preliminary	Q2/21	68,9	69,1	-0,3	-2,8
	Other service activities			million euros, preliminary	Q2/21	44,8	45,1	-0,5	24,8
	FISIM			million euros, preliminary	Q2/21
	Net taxes on products			million euros, preliminary	Q2/21	841,6	744,5	13,1	15,5
Production index (Volume index of industrial production)²				2015=100, preliminary	Aug/21	117,1	122,1	-4,1	4,4	Statistics Estonia	DSBB
Employment				thousand persons, quarterly average	Q2/21	641,9	642,8	-0,1	-0,3	Statistics Estonia	DSBB
Unemployment				thousand persons, quarterly average	Q2/21	47,3	48,8	-3,1	-4,3	Statistics Estonia	DSBB
Wages/Earnings (Average monthly gross wages and salaries)				euros	Q2/21	1 538	1 473	4,4	7,3	Statistics Estonia	DSBB
Consumer prices				1997=100	Sep/21	227,5	224,7	1,2	6,6	Statistics Estonia	DSBB
Producer prices (Producer price index of industrial output)³				2010=100	Sep/21	131,6	128,1	2,8	19,2	Statistics Estonia	DSBB

FISCAL SECTOR
SDDS data category and component				Unit description	Observations			Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
SDDS data category and component				Unit description	Period of latest data	Latest data	Data for previous period	Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
General Government Operations										State Shared Services Centre	DSBB
	Total revenue			million euros, preliminary	Aug/21	929,9	953,2	-2,4	5,8
	Taxes			million euros, preliminary	Aug/21	508,2	505,7	0,5	11,5
		income tax		million euros, preliminary	Aug/21	214,3	200,6	6,8	18,4
		VAT		million euros, preliminary	Aug/21	197,8	205,2	-3,6	10,1
		excise taxes		million euros, preliminary	Aug/21	86,0	88,1	-2,4	-1,9
		other taxes		million euros, preliminary	Aug/21	10,1	11,8	-14,4	38,4
	Social contributions			million euros, preliminary	Aug/21	343,9	354,4	-3,0	10,8
	Sales			million euros, preliminary	Aug/21	51,5	65,2	-21,0	25,9
	Grants			million euros, preliminary	Aug/21	39,3	42,0	-6,4	-50,3
	Other current revenue			million euros, preliminary	Aug/21	8,3	8,0	3,8	23,9
	Provisions of non-collectable taxes and fines			million euros, preliminary	Aug/21	-1,9	-4,3	-55,8	-40,6
	Transfers of taxes, state fees and fines			million euros, preliminary	Aug/21	-21,5	-18,1	18,8	12,6
	Capital revenue			million euros, preliminary	Aug/21	2,8	-0,1	-2 900,0	-79,9
	Revenues from bank deposits and operations in financial instruments and other financial revenues			million euros, preliminary	Aug/21	-0,7	0,4	-275,0	-87,3
	Total expenses			million euros, preliminary	Aug/21	-883,5	-894,1	-1,2	10,0
	Labour costs			million euros, preliminary	Aug/21	-259,7	-263,1	-1,3	7,9
	Operating expenses			million euros, preliminary	Aug/21	-138,5	-122,2	13,3	12,1
	Social benefits			million euros, preliminary	Aug/21	-355,8	-357,5	-0,5	3,3
	Other benefits			million euros, preliminary	Aug/21	-66,3	-82,8	-19,9	50,7
	Other current expenses			million euros, preliminary	Aug/21	-9,3	-11,1	-16,2	38,8
	Depreciation of fixed assets			million euros, preliminary	Aug/21	-52,2	-56,0	-6,8	24,6
	Interest costs and other financial costs			million euros, preliminary	Aug/21	-1,7	-1,4	21,4	0,0
Central Government Operations										State Shared Services Centre	DSBB
	Total revenue			million euros, preliminary	Aug/21	716,3	735,8	-2,7	4,7
	Taxes			million euros, preliminary	Aug/21	525,2	518,5	1,3	11,6
		income tax		million euros, preliminary	Aug/21	214,3	200,6	6,8	18,4
		VAT		million euros, preliminary	Aug/21	215,9	219,2	-1,5	10,5
		excise taxes		million euros, preliminary	Aug/21	86,0	88,1	-2,4	-1,9
		other taxes		million euros, preliminary	Aug/21	9,0	10,6	-15,1	42,9
	Social contributions			million euros, preliminary	Aug/21	343,9	354,3	-2,9	10,8
	Sales			million euros, preliminary	Aug/21	78,8	97,8	-19,4	25,3
	Grants			million euros, preliminary	Aug/21	39,3	42,1	-6,7	-52,1
	Other current revenue			million euros, preliminary	Aug/21	6,5	7,1	-8,5	16,1
	Provisions of non-collectable taxes and fines			million euros, preliminary	Aug/21	-2,0	-4,2	-52,4	-37,5
	Transfers of taxes, state fees and fines			million euros, preliminary	Aug/21	-274,7	-280,0	-1,9	10,7
	Capital revenue			million euros, preliminary	Aug/21	0,0	0,0		-100,0
	Revenues from bank deposits and operations in financial instruments and other financial revenues			million euros, preliminary	Aug/21	-0,7	0,2	-450,0	-87,0
	Total expenses			million euros, preliminary	Aug/21	-673,4	-717,4	-6,1	6,3
	Labour costs			million euros, preliminary	Aug/21	-137,2	-145,2	-5,5	6,2
	Operating expenses			million euros, preliminary	Aug/21	-80,7	-73,4	9,9	15,0
	Social benefits			million euros, preliminary	Aug/21	-244,5	-245,1	-0,2	2,7
	Other benefits			million euros, preliminary	Aug/21	-168,7	-204,1	-17,3	2,2
	Other current expenses			million euros, preliminary	Aug/21	-9,3	-11,1	-16,2	38,8
	Depreciation of fixed assets			million euros, preliminary	Aug/21	-32,0	-38,0	-15,8	35,6
	Interest costs and other financial costs			million euros, preliminary	Aug/21	-1,0	-0,5	100,0	25,0
Central Government Debt										Statistics Estonia	DSBB
	Total outstanding gross debt			million euros	Q2/21	5 781,4	5 519,7	4,7	5,7
		Domestic debt by original maturity and instrument		million euros	Q2/21	2 190,2	2 272,5	-3,6	3,1
			short term bonds and loans	million euros	Q2/21	291,9	496,8	-41,2	-46,6
			long term bonds	million euros	Q2/21	284,5	278,9	2,0	67,1
			long term loans	million euros	Q2/21	539,6	459,0	17,6	127,3
		Foreign debt by original maturity		million euros	Q2/21	3 591,2	3 247,2	10,6	7,3
			short term bonds and loans	million euros	Q2/21	109,6	129,9	-15,6	265,3
			long term bonds	million euros	Q2/21	1 264,0	1 269,6	-0,4	-8,3
			long term loans	million euros	Q2/21	2 195,4	1 829,6	20,0	14,4

FINANCIAL SECTOR
SDDS data category and component				Unit description	Observations			Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
SDDS data category and component				Unit description	Period of latest data	Latest data	Data for previous period	Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
Analytical Accounts of the Banking Sector⁴										Bank of Estonia	DSBB
	Contribution to euro area monetary aggregates			million euros	Aug/21	24 250,0	22 799,0	6,4	24,5
	Domestic credit			million euros	Aug/21	23 863,0	23 310,0	2,4	6,8
		Credit to general government in the euro area		million euros	Aug/21	1 993,0	1 983,0	0,5	-13,2
		Credit to other resident sectors in the euro area		million euros	Aug/21	21 870,0	21 327,0	2,5	9,1
	External assets outside euro area			million euros	Aug/21	12 024,0	11 438,0	5,1	39,4
	External liabilities outside euro area			million euros	Aug/21	1 819,0	1 475,0	23,3	-19,8
Analytical Accounts of the Central Bank⁴										Bank of Estonia	DSBB
	National contribution to the euro area reserve money⁵			million euros	Sep/21	13 067,0	12 686,0	3,0	19,3
	Domestic credit			million euros	Sep/21	1 254,0	1 135,0	10,5	33,5
		Credit to general government in the euro area		million euros	Sep/21	651,0	659,0	-1,2	-30,4
		Credit to other resident sectors in the euro area		million euros	Sep/21	603,0	476,0	26,7	14 975,0
	External assets outside euro area			million euros	Sep/21	10 502,0	10 258,0	2,4	23,2
	External liabilities outside euro area			million euros	Sep/21	360,0	356,0	1,1	-23,1
Interest Rates⁶											DSBB
	Average lending rate of credit institutions			%	Aug/21	2,85	3,35			Bank of Estonia
	Average deposits rate of credit institutions			%	Aug/21	0,40	0,52			Bank of Estonia
Financial Soundness Indicators										International Monetary Fund
Stock Market (Share price index OMX Tallinn)				3 Jun 1996 = 100	daily					NASDAQ OMX Tallinn	DSBB

EXTERNAL SECTOR
SDDS data category and component				Unit description	Observations			Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
SDDS data category and component				Unit description	Period of latest data	Latest data	Data for previous period	Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
Balance of Payments (quarterly)⁷										Bank of Estonia	DSBB
	Current account balance			million euros	Q2/21	-634,0	-318,3	99,2	-281,5
		Goods, exports		million euros	Q2/21	4 030,8	3 484,3	15,7	36,8
		Goods, imports		million euros	Q2/21	4 461,7	3 666,9	21,7	49,3
		Services, exports		million euros	Q2/21	1 791,9	1 566,7	14,4	46,2
		Services, imports		million euros	Q2/21	1 838,1	1 616,1	13,7	124,9
		Primary income, credit		million euros	Q2/21	476,2	381,2	24,9	35,0
		Primary income, debit		million euros	Q2/21	617,3	413,5	49,3	78,8
		Secondary income, credit		million euros	Q2/21	141,1	130,5	8,2	12,9
		Secondary income, debit		million euros	Q2/21	156,9	184,5	-15,0	4,8
	Capital account balance			million euros	Q2/21	122,5	71,2	72,1	17,3
		Capital account, credit		million euros	Q2/21	131,3	74,6	76,0	25,2
		Capital account, debit		million euros	Q2/21	8,8	3,4	159,1	1 885,3
	Financial account balance			million euros	Q2/21	-610,4	-372,7	63,8	-227,5
		Direct investment, assets		million euros	Q2/21	2 751,2	300,6	815,3	-1 064,0
		Direct investment, liabilities		million euros	Q2/21	3 013,4	1 642,5	83,5	1 688,2
		Portfolio investment, assets		million euros	Q2/21	757,5	331,5	128,5	-79,0
		Portfolio investment, liabilities		million euros	Q2/21	7,0	93,8	-92,5	-99,5
		Financial derivatives (other than reserves) and employee stock options, assets		million euros	Q2/21	-30,8	-29,5	4,5	-61,3
		Financial derivatives (other than reserves) and employee stock options, liabilities		million euros	Q2/21	-33,3	-31,1	7,0	-39,4
		Other investment, assets		million euros	Q2/21	-706,9	1 382,6	-151,1	265,7
		Other investment, liabilities		million euros	Q2/21	407,1	1 034,8	-60,7	-66,5
		Reserve assets		million euros	Q2/21	12,9	382,2	-96,6	-95,0
Statistical discrepancy, net				million euros	Q2/21	-98,9	-125,5	-21,2	-495,5
Official reserve assets										Bank of Estonia	DSBB
	Official reserve assets total			million euros	Sep/21	2 313,8	2 017,0	14,7	19,7
		Foreign currency reserves		million euros	Sep/21	1 912,5	1 626,8	17,6	5,0
		IMF reserve position		million euros	Sep/21	72,7	65,9	10,4	10,5
		SDRs		million euros	Sep/21	314,6	311,1	1,1	962,9
		Gold		million euros	Sep/21	12,3	12,7	-2,9	-7,4
		Other reserve assets		million euros	Sep/21	1,7	0,6	198,4	-16,0
Template on International Reserves and Foreign Currency Liquidity										Bank of Estonia	DSBB
	I Official reserve assets and other foreign currency assets (approximate market value)			million euros	Sep/21
	II Predetermined short-term net drains on foreign currency assets (nominal value)			million euros	Sep/21
	III Contingent short-term net drains on foreign currency assets (nominal value)			million euros	Sep/21
	IV Memo items			million euros	Sep/21
Merchandise Trade (Foreign Trade)⁸										Statistics Estonia	DSBB
	Total exports f.o.b.			million euros, preliminary	Aug/21	1 589,1	1 502,7	5,7	46,3
	Total imports c.i.f.			million euros, preliminary	Aug/21	1 681,3	1 671,6	0,6	40,1
International investment position⁷										Bank of Estonia	DSBB
	Assets			million euros	Q2/21	50 572,1	47 475,6	6,5	19,5
		Direct investment		million euros	Q2/21	14 462,4	11 772,8	22,8	29,3
		Portfolio investment		million euros	Q2/21	20 946,0	19 990,5	4,8	16,8
Equity and investment fund shares				million euros	Q2/21	7 458,2	6 787,1	9,9	41,5
			Debt securities	million euros	Q2/21	13 487,8	13 203,4	2,2	6,5
		Financial derivatives (other than reserves) and employee stock ptions		million euros	Q2/21	45,2	65,8	-31,3	-39,2
		Other investment		million euros	Q2/21	13 071,4	13 615,4	-4,0	14,2
		Reserve assets		million euros	Q2/21	2 047,1	2 031,0	0,8	21,9
	Liabilities			million euros	Q2/21	58 089,6	53 392,8	8,8	20,0
		Direct investment in Estonia		million euros	Q2/21	36 539,4	32 247,0	13,3	27,7
		Portfolio investment		million euros	Q2/21	4 833,1	4 798,5	0,7	4,1
Equity and investment fund shares				million euros	Q2/21	1 141,8	1 086,2	5,1	23,3
			Debt securities	million euros	Q2/21	3 691,3	3 712,3	-0,6	-0,7
		Financial derivatives (other than reserves) and employee stock options		million euros	Q2/21	96,7	89,9	7,5	96,3
		Other investment		million euros	Q2/21	16 620,4	16 257,4	2,2	10,1
	Net investment position			million euros	Q2/21	-7 517,5	-5 917,2	27,0	23,7
Gross external debt⁷				million euros	Q2/21	26 254,5	25 967,7	1,1	7,8	Bank of Estonia	DSBB
Spot exchange rates⁹										European Central Bank	DSBB

POPULATION
SDDS data category and component				Unit description	Observations			Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
SDDS data category and component				Unit description	Period of latest data	Latest data	Data for previous period	Change from previous period to latest period, %	Change from same period last year to latest period, %	More info	Meta- data
Population¹⁰				thousand persons, preliminary	2021	1 330¹¹	1 329¹²	0,1		Statistics Estonia	DSBB

Footnotes
1	EMTAK 2008; reference year 2015.
2	The data are seasonally and calendar adjusted.
3	Data for the last three months may be revised.
4	With the adoption of the euro as from 1 January 2011 the compilation methodology of analytical accounts of monetary financial institutions and central bank has changed. Due to that data comparison with previous periods is not feasible.
5	Reserve money consist of currency in circulation (euro coins and banknotes) and Bank of Estonia's liabilities to credit institutions. Item "currency in circulation" does not indicate actual amount of currency in country as this is calculated according to Capital Share Mechanism (CSM) used in Eurosystem - it means that 92% of banknotes issued in euro area is distributed among central banks belonging to Eurosystem according to their participation in European Central Bank capital.
6	Rates on short term government securities are not disseminated as there are no Treasury bills issued in Estonia; and rates on long term government securities are also not disseminated as they are issued only occasionally.
7	The balance of payments, international investment position and gross external debt is compiled according to the IMF Balance of Payments and International Investment Position Manual, 6th Edition (BPM6).
8	Starting from January 2000 the data on foreign trade have been presented by special trade system. This means that exports excludes re-exportation from customs warehouses and imports does not include imports of goods to customs warehouses, but exportation of goods from customs warehouses for inward procession or home use is considered imports. To enable the comparability of data, the data for the previous year have also been presented by special trade system.
9	With the adoption of the euro as from 1 January 2011, the Bank of Estonia has ceased to quote and publish the daily official exchange rates since the determination of the exchange rate of the euro against third currencies is the responsibility of the European Central Bank.
10	The latest data may be revised.
11	As of 1st January 2021.
12	As of 1st January 2020.

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