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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.

In October, the volume of industrial production was greater than a year ago

According to Statistics Estonia, in October 2017, the production of industrial enterprises increased 6% compared to October 2016. Production increased in mining and quarrying but decreased in the energy sector.

In the 3rd quarter, year-over-year growth in average wages and salaries continued to accelerate

According to Statistics Estonia, in the 3rd quarter of 2017, the average monthly gross wages and salaries were 1,201 euros, having increased 7.4% compared to the 3rd quarter of 2016. The year-over-year growth in wages and salaries accelerated for the second consecutive quarter.

The profit of the business sector decreased in the 3rd quarter

According to Statistics Estonia, in the 3rd quarter of 2017, the total profit of the business sector was 787 million euros, which is 8% less than in the same period the year before.

Construction volume increased in the 3rd quarter

According to Statistics Estonia, in the 3rd quarter of 2017 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased 20%. Taking into account only Estonian construction market, construction volume increased 27%.

Population of counties after administrative reform

Statistics Estonia recalculated the population of counties in 2017 according to the administrative division in place after this year’s local government elections.

The industrial producer price index increased in October

According to Statistics Estonia, in October 2017, the producer price index of industrial output changed by 0.4% compared to September and by 3.7% compared to October 2016.

Employment rate at highest for 20 years

According to Statistics Estonia, in the 3rd quarter of 2017, the employment rate was 68.3%, the unemployment rate 5.2% and the labour force participation rate 72%. Compared to the 3rd quarter of 2016, the unemployment rate fell and the employment rate reached its highest level for 20 years.

In the 3rd quarter, trade growth slowed

According to Statistics Estonia, in the 3rd quarter, compared to the 3rd quarter of the previous year, exports grew 4% and imports 6%. Compared to the 1st and 2nd quarter of 2017, trade slowed in the 3rd quarter.

In October, the annual change of the consumer price index was affected the most by food

According to Statistics Estonia, the change of the consumer price index in October 2017 was -0.2% compared to September 2017 and 3.8% compared to October of the previous year.

In September, the number of tourists in accommodation establishments increased

According to Statistics Estonia, 281,400 tourists used the services of accommodation establishments in September 2017, i.e. 10% more than in September 2016. The number of both foreign and domestic tourists increased.

In September, stable turnover growth of retail trade enterprises continued

According to Statistics Estonia, in September 2017, compared to September of the previous year, the turnover of retail trade enterprises increased 1% at constant prices. For the third month in succession, turnover has shown a stable one-percent growth compared to the same month of the previous year.

In September, the volume of industrial production was greater than a year ago

According to Statistics Estonia, in September 2017, the production of industrial enterprises increased 4% compared to September 2016. Production increased in mining and quarrying but decreased in the energy sector.