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The Estonian economy grew 2.1% in 2014
According to Statistics Estonia, the gross domestic product (GDP) of Estonia in 2014 increased 2.1% compared to 2013. In the 4th quarter of 2014, the Estonian economy grew 3.0% compared to the 4th quarter of 2013.
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In the 4th quarter, there were 7,200 job vacancies
According to Statistics Estonia, there were 7,200 job vacancies in the enterprises, institutions and organisations of Estonia in the 4th quarter of 2014. The number of job vacancies decreased by 15.9% compared to the previous quarter and increased by 13.6% compared to the 4th quarter of 2013.
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In January, imports were at the lowest level of the recent years
According to Statistics Estonia, in January 2015, exports from Estonia amounted to 920 million euros and imports to Estonia to 963 million euros at current prices. The previous time that imports were below a billion euros was in December 2011.
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In 2014 the total profit of the business sector increased
According to the preliminary data of Statistics Estonia, in 2014 the total profit of the business sector was 3.3 billion euros, which was 3% more than the year earlier. The increase in the business sector’s total profit continued for the fifth year in a row.
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Household Budget Survey to begin in March
Today, on 9 March, Statistics Estonia launches the Household Budget Survey of 2015, which collects data from households on their everyday expenditure and consumption. The previous survey was conducted in 2012.
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In February, the consumer price index was influenced the most by motor fuel
According to Statistics Estonia, the change of the consumer price index in February 2015 was 0.6% compared to January 2015 and -0.8% compared to February of the previous year.
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In January, industrial production increased compared to the previous year
According to Statistics Estonia, in January 2015, the production of industrial enterprises increased by 2% compared to January of the previous year. Production increased in manufacturing and mining, but decreased in energy production.
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In January the stable growth in retail sales continued
According to Statistics Estonia, in January 2015 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 5% at constant prices.
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In January, the producer price index of industrial output continued to decrease
According to Statistics Estonia, in January 2015, the producer price index of industrial output changed by -0.2% compared to December 2014 and by -2.2% compared to January 2014.
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Construction volumes decreased in 2014
According to the preliminary data of Statistics Estonia, in 2014 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which is 3% less than in 2013. If only the Estonian construction market is considered, the construction volumes decreased 2%.
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In the 4th quarter, the average monthly gross wages and salaries exceeded 1,000 euros once again
According to Statistics Estonia, in the 4th quarter of 2014, the average monthly gross wages and salaries were 1,039 euros and increased by 5.3% compared to the 4th quarter of 2013. In 2014, the average monthly gross wages and salaries exceeded the 1,000 euro level in the 2nd and 4th quarter.
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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.