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Unemployment decreased and employment increased in 2014
According to Statistics Estonia, the unemployment rate was 7.4% and the employment rate was 63% in 2014. Unemployment has decreased and employment has increased since 2011, but these changes have gradually slowed down.
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In 2014, more than three million tourists stayed in accommodation establishments
According to Statistics Estonia, in 2014, more than 3 million domestic and foreign tourists stayed in accommodation establishments, which was 4% more than in 2013. The number of both foreign and domestic tourists increased.
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In the 4th quarter the Estonian economy grew 2.7%
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 2.7% in the 4th quarter of 2014 compared to the 4th quarter of 2013. The annual GDP growth in 2014 was 1.8% compared to the previous year.
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Last year Estonia exported goods worth 12.1 billion euros
According to Statistics Estonia, in 2014, exports from Estonia amounted to 12.1 billion euros and imports to Estonia to 13.7 billion euros at current prices. The trade deficit was 1.6 billion euros and it increased by 126 million euros compared to 2013.
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In January, the consumer price index was influenced the most by motor fuel
According to Statistics Estonia, the change of the consumer price index in January 2015 was -0.4% compared to December 2014 and -1.3% compared to January of the previous year.
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Tõnu Kollo was elected the chairman of the Statistical Council
The new Statistical Council held its first meeting today, on 6 February, and elected Professor Tõnu Kollo from the Institute of Mathematical Statistics of the University of Tartu as the chairman of the Council for the next four years.
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The stable growth in retail sales continued also in the last month of the year
According to Statistics Estonia, in December 2014 compared to December 2013, the retail sales of goods of retail trade enterprises increased 6% at constant prices. Since August, the retail sales growth has remained within a stable of 5–6% compared to the same month of the previous year.
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In 2014, industrial production increased
According to the preliminary data of Statistics Estonia, in 2014 the production of industrial enterprises grew 2% compared to the previous year. Production increased 4% in manufacturing, but decreased nearly 6% in mining and energy.
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Every fifth person in Estonia lives in relative poverty
According to Statistics Estonia, in 2013, 22.1% of the Estonian population lived in relative poverty and 8% of the Estonian population lived in absolute poverty.
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Milk production increased for the fifth year in a row
According to the preliminary data of Statistics Estonia, the production of milk amounted to 799,300 tons in 2014, which is 4% more than the year earlier. The number of dairy cows decreased by the end of the year, but milk production per cow increased.
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The production of cereals broke records last year
According to the preliminary data of Statistics Estonia, cereal production was 1,221,600 tons in 2014, which is 25% more than the year before and the biggest cereal production ever recorded in Estonia.
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In December, the producer price index of industrial output continued to decrease
According to Statistics Estonia, in December 2014, the producer price index of industrial output changed by -0.4% compared to November 2014 and by -1.6% compared to December 2013.