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3 skills that Estonian enterprises consider important for employees

Oil shale electricity production decreased last year

Then and now: People in Estonia are getting married at later and later ages

Estonian residents have become more aware of the importance of travel insurance

The 2024 major revision of Estonia’s GDP has been completed

Latest UN projection: world population will continue to grow for at least another 60 years

The most populous country is India, and the world's population will continue to increase until at least 2084. This is according to the population projection published by the United Nations in July.

GDP flash estimate: recession slowed down in Q2

According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.

Young workers are turning away from the information and communication sector

Statistics Estonia's short-term labour market statistics show that over the past year and a half, there have been fewer young people aged 20–29 working in both the broader information and communication sector and the more specific field of computer programming. While in previous years the field of computer programming was growing mainly because of young people, in the past year their numbers have fallen.

Sown area of potatoes smaller than ever before

According to preliminary data of Statistics Estonia and the Agricultural Registers and Information Board (ARIB), the utilised agricultural area this year is 983,400 hectares, which is 4,400 hectares less than in 2023. There has been a slight decrease in arable land, as well as in the area of fruit and berry plantations. The sown area of potatoes, which has been in decline for a long time, continues the trend and is 8% smaller in 2024 than the year before.

In the second quarter, the average wages and salaries were 1,693 euros

Population increased but births continued to fall

The population of Estonia decreased, mainly due to the high number of deaths

In July, 13% more foreign tourists were accommodated than last year

According to Statistics Estonia, accommodation establishments served 507,600 tourists in July 2024, which is 5% more than in July last year. The number of foreign tourists increased, but the number of domestic tourists decreased in July.

Telecommunications, computer and information services had the biggest trade surplus in the second quarter

According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.

3 skills that Estonian enterprises consider important for employees

Which skills should be acquired to remain competitive on the labour market and to prepare for the future? These questions are answered by the Continuing Vocational Training Survey conducted by Statistics Estonia.

Exports of goods in particular rose in July

According to Statistics Estonia, in July 2024, Estonia’s exports of goods increased by 5% and imports by 1% compared with July 2023. Exports of goods amounted to over €1.3 billion and imports to nearly €1.7 billion at current prices. The trade deficit was €321 million, which is €59 million less than in July last year.

Oil shale electricity production decreased last year

According to Statistics Estonia's data, Estonian power plants produced 5,686 gigawatt hours (GWh) of electricity and 4,323 GWh of heat in 2023. Compared with 2022, electricity production was down by 37% and heat production by 15%.

The consumer price index continued to rise in August

According to Statistics Estonia, in August, the consumer price index increased by 0.4% compared with July and by 3.2% compared with August 2023. Goods were 1.4% and services 6.3% more expensive than in August last year.

There were 9,908 job vacancies in the second quarter

The total number of vacant and occupied posts stood at a little over 609,000.
50,365 persons were hired.
76% of job vacancies were in Harju county.

The decline in industrial production continued in July

According to Statistics Estonia, in July 2024, the total production of industrial enterprises decreased by 5.8% at constant prices compared with July last year. Among the three main sectors, output increased by 16.9% in mining and by 16.3% in electricity production but decreased by 7.8% in manufacturing.

Then and now: People in Estonia are getting married at later and later ages

In 1993, the share of under-30s among all people getting married was between 60% and 70%, whereas in 2023, only 24% of the newly married men and 34% of women were under 30 years old, according to data from Statistics Estonia.

The economy contracted by 1% in Q2

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.

In July, retail trade volume decreased by 2%

According to Statistics Estonia, in July 2024, the turnover of retail trade enterprises was 892 million euros. Compared with July 2023, the volume of retail trade turnover fell by 2%.

Construction volume down by 4% in the second quarter

According to Statistics Estonia, in the second quarter of 2024, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 4% compared with the second quarter of 2023. On the domestic construction market, volume fell by 3%.

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