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News

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

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.

Statistics Estonia starts monitoring consumers’ and enterprises’ economic confidence: each response matters

On 4 May, Statistics Estonia begins the economic sentiment surveys that show how secure Estonian residents feel financially and how enterprises see the future of their business activities.

In October, more tourists stayed in accommodation establishments than a year ago

According to Statistics Estonia, in October 2018, domestic and foreign tourists who stayed in accommodation establishments numbered 274,000, which is 1% more than in October 2017. Compared to October of the previous year, the number of domestic tourists increased and the number of foreign tourists decreased.

The quantity of pesticides sold decreased by one-sixth last year

According to Statistics Estonia, 706 tonnes of pesticides (by active substance) were placed on the market in 2017 in Estonia, which is 15% less than the year before.

Expenditure on research and development increased last year

According to Statistics Estonia, in 2017, the expenditure on research and development (R&D) in Estonia amounted to 304.3 million euros, which is 13% more than in 2016.

Household Budget Survey starts in December

On Sunday, 9 December, Statistics Estonia launches the Household Budget Survey, to collect data from households on their daily expenditure and consumption. The survey runs until the end of 2019.

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

According to Statistics Estonia, in October 2018, the production of industrial enterprises increased by 2% compared to October 2017. Production increased in manufacturing and energy, but decreased in mining.

In October, turnover growth of retail trade enterprises continued

According to Statistics Estonia, in October 2018, the turnover of retail trade enterprises was 613.9 million euros. Turnover increased 3% at constant prices compared to October of the previous year.

Economic growth accelerated in the 3rd quarter

According to Statistics Estonia, the gross domestic product (GDP) of Estonia grew by 4.2% in the third quarter of 2018 compared to the same period of the previous year.

Indicators of Sustainable Development

In the 3rd quarter, the growth of average wages and salaries accelerated

According to Statistics Estonia, in the 3rd quarter of 2018, the average monthly gross wages and salaries of enterprises, institutions and organisations were 1,291 euros, having increased by 7.5% compared to the 3rd quarter of 2017. The year-on-year growth in average monthly gross wages and salaries was 1.1 percentage points faster than in the previous quarter.

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

According to Statistics Estonia, in the 3rd quarter of 2018, the total profit of the business sector was 871 million euros, which is 21% more than in the same period the year before.

Construction volume increased in the 3rd quarter

According to Statistics Estonia, in the 3rd quarter of 2018 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased by 16%. Taking into account only Estonian construction market, construction volume increased by 18%.

Industrial producer price index increased in October

According to Statistics Estonia, in October 2018, the producer price index of industrial output changed by 0.3% compared to September and by 2.8% compared to October 2017.