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HICP flash estimate: prices up by 0.5% in July

GDP flash estimate: the economy grew by 2.1% in Q2

Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

Today, on 25 June, Statistics Estonia published the June results of the surveys that measure the economic confidence of enterprises and consumers.

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

Latest business and consumer survey results published by Statistics Estonia

On 26 May, Statistics Estonia published for the first time the results of the surveys that measure consumers’ and enterprises’ economic confidence. The data are published in the statistical database.

Last year produced record crop harvests

2019 was a favourable year for crop farmers, resulting in record total production as well as production per hectare. According to Statistics Estonia, the total production of cereals was 1,625,000 tonnes. The total production of potatoes was 120,500 tonnes, which is the largest in the last six years. The production of open-field vegetables was 77,000 tonnes.

Egg production was the smallest in years

According to preliminary data of Statistics Estonia, in 2019, milk production increased by 3% and meat production by 5%, while egg production was smaller than ever. Compared to 2018, the number of dairy cows, sheep and poultry decreased, while the number of pigs increased.

Producer price index continued to fall in December

According to Statistics Estonia, in December, the producer price index of industrial output fell by 0.9% compared to November and by 1.2% compared to December 2018.

Rise of the construction price index was driven by wage pressure and higher prices of materials

According to Statistics Estonia, in 2019, the construction price index increased by 1.9% compared to the average of 2018. In the 4th quarter of 2019, compared to the 3rd quarter, the construction price index changed by 0.5%, and compared to the 4th quarter of 2018, by 1.7%.

Immigration has been driving population growth for five years

According to Statistics Estonia, the preliminary estimate of the population of Estonia as at 1 January 2020 was 1,328,360, which is 3,540 persons more than at the same time a year ago.

In November last year, trade continued to decline

According to Statistics Estonia, in November 2019, compared to November 2018, the exports and imports of goods decreased by 10%. Trade declined in most commodity sections.

The number of tourists in accommodation establishments continues to grow

According to Statistics Estonia, 262,000 tourists stayed in Estonian accommodation establishments in November 2019. The total number of nights spent was 479,000. 56% of the tourists were foreign tourists and 44% were domestic tourists.

In December, the biggest impact on the consumer price index came from transport and housing

According to Statistics Estonia, the change of the consumer price index in December 2019 was -0.3% compared to November 2019 and 1.8% compared to December 2018.

Food contributed the most to the year-on-year change of the consumer price index

According to Statistics Estonia, the consumer price index increased by 2.3% in 2019 compared to the average of 2018.

Industrial production and sales for export decreased

According to Statistics Estonia, in November 2019, the production of industrial enterprises decreased by 7% compared to November 2018. Production decreased in manufacturing as well as in energy and mining.

Turnover of retail trade enterprises increased also in November

According to Statistics Estonia, in November 2019, the turnover of retail trade enterprises was 628 million euros. Turnover increased by 4% at constant prices compared to November 2018.

The census project will be run by Svetlana Raudonen

On 6 January, Svetlana Raudonen, a top-level expert with international experience, will start working as the project manager for the Population and Housing Census at Statistics Estonia.