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Service activities

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The service sector is an important part of the economy in Estonia. The share of value added and turnover of service enterprises continues to increase every year. More and more new enterprises and jobs are created in the sector. The activities of the service sector are, for example, healthcare services, regulation of education, accommodation and food service, entertainment and cultural activities, logistics, advertising, communications and beauty services. Statistics Estonia publishes statistics on the turnover and costs of service enterprises operating in Estonia. The statistics allow

Enterprises’ use of AI technologies is on the rise

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Statistics Estonia’s survey “Information technology in enterprises” shows that the use of artificial intelligence (AI) by Estonian enterprises is steadily increasing. The use of data analytics is also growing.

Exports of services at a record high in the second quarter

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According to Statistics Estonia and Eesti Pank, in the second quarter of 2023, Estonia’s exports of services grew by 8% and imports by 2% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.9 billion euros and purchases of services from non-residents amounted to 2.2 billion euros.

The Estonian economy contracted by 1.3% last year

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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.

Recession slowed down in the second quarter. Photo: Shutterstock

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According to Statistics Estonia, the gross domestic product (GDP) decreased by 2.9% in the second quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 9.4 billion euros.

Foreign trade in services in surplus last year

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According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2022, Estonia’s exports of services grew by 12% and imports by 25% at current prices compared with the fourth quarter in 2021. Services were sold to non-residents for a total of 3 billion and purchased for 2.2 billion euros. The balance of foreign trade in services was therefore in surplus by 765 million euros in the fourth quarter, which is 125 million euros less than in the same period a year earlier. In 2022 as a whole, exports of services grew by 31% and imports by 19%.

In the third quarter, exports of services reached the highest level of recent years

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According to Statistics Estonia and Eesti Pank, in the third quarter of 2022, Estonia’s exports of services grew by 32% and imports by 33% year on year. Estonia’s exports of services totalled 2.8 billion euros and imports of services 2.2 billion euros. The balance of foreign trade in services was in surplus by 568 million euros, which is 129 million euros more than in the same quarter last year.

The economy contracted by 2.4% due to rising prices

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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.