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Finance

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General government deficit decreased last year, the debt level was stable (corrected on 24.03.2023)

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  2. General government deficit decreased last year, the debt level was stable (corrected on 24.03.2023)
According to the preliminary data of Statistics Estonia, in 2022, the Estonian general government deficit was 1% and the debt level was 18% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 335 million euros.

In 2022, the annual growth of the Dwelling Price Index was the highest of the last 15 years

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  2. In 2022, the annual growth of the Dwelling Price Index was the highest of the last 15 years
According to Statistics Estonia, in 2022, the Dwelling Price Index increased by 22.2% compared with the average of 2021, but the rise in prices basically stopped in the fourth quarter.

Project on emptying blocks of flats

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  2. Project on emptying blocks of flats
At the request of the Ministry of Finance, Statistics Estonia analyses the electricity consumption of blocks of flats to identify empty dwellings across Estonia. This is a further step towards tackling the problem of empty blocks of flats at national and municipal level.

The rise in the Dwelling Price Index slowed down in the third quarter

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  2. The rise in the Dwelling Price Index slowed down in the third quarter
According to Statistics Estonia, in the third quarter of 2022, the Dwelling Price Index increased by 0.8% compared with the second quarter of 2022 and by 24.2% compared with the third quarter of 2021.

The economy contracted by 2.4% due to rising prices

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  2. The economy contracted by 2.4% due to rising prices
According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.

The Estonian economy contracted by 1.3% last year

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  2. The Estonian economy contracted by 1.3% last year
According to the preliminary data of Statistics Estonia, in the fourth quarter of 2022, the gross domestic product (GDP), which shows how the Estonian economy is doing, declined by 4.1% compared with the same period of 2021. The GDP at current prices was 10 billion euros.

Food prices had the biggest impact on the consumer price index in January

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  2. Food prices had the biggest impact on the consumer price index in January
The increase in the consumer price index in January was 0.8% compared with December 2022 and 18.6% compared with January 2022. Goods were 19.0% and services 17.8% more expensive than in January last year.

Inflation reduced GDP growth to just 0.6% in the second quarter

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  2. Inflation reduced GDP growth to just 0.6% in the second quarter
In the second quarter of 2022, the gross domestic product (GDP) grew by 0.6% year on year. The GDP at current prices was 9 billion euros.

In February, the producer price index was influenced by falling prices in the manufacture of wood

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  2. In February, the producer price index was influenced by falling prices in the manufacture of wood
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, decreased by 0.2% in February 2023 compared with January 2023 and increased by 11.6% compared with February 2022.

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