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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.

Harvesting is halfway to completion

According to Statistics Estonia, by 15 September, 57% of the sown area of cereals, 47% of the sown area of rape and turnip rape, and 49% of the area under potatoes had been harvested in Estonia.

The Dwelling Price Index continued to increase in the 2nd quarter

According to Statistics Estonia, in the 2nd quarter of 2017, the Dwelling Price Index changed by 0.3% compared to the 1st quarter and by 4.8% compared to the 2nd quarter of 2016.

The industrial producer price index continued to increase in August

According to Statistics Estonia, in August 2017, the producer price index of industrial output changed by 0.8% compared to July and by 4.7% compared to August 2016.

More than three-quarters of households have mobile internet connection

According to Statistics Estonia, 88% of Estonian households had internet connection at home in 2017. The share of households using mobile internet connection has reached 82%, increasing by four percentage points in a year.

In July, imports increased more than exports

According to Statistics Estonia, in July 2017, the exports of goods increased by 6% and imports by 9% compared to July 2016. Increased imports of base metals and articles of base metal and transport equipment contributed to the growth in imports.

In the 2nd quarter, the number of job vacancies was 12,000

According to Statistics Estonia, there were nearly 12,000 job vacancies in the enterprises, institutions and organisations of Estonia in the 2nd quarter of 2017. This is the highest number of job vacancies in the past nine years.

In August, 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 August 2017 was 0.4% compared to July 2017 and 3.9% compared to August of the previous year.

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

According to Statistics Estonia, 498,000 domestic and foreign tourists stayed in Estonian accommodation establishments in July 2017, which is 2% more than in July 2016.

Electricity production increased last year

According to Statistics Estonia, in 2016, the production of electricity totalled 12 terawatt-hours, which is 17% more than in the previous year. Electricity production from renewable sources decreased 6% compared to 2015.

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

According to Statistics Estonia, in July 2017, the production of industrial enterprises increased 5% compared to July 2016. Production increased in mining and quarrying and in manufacturing but decreased in the energy sector.

Economic growth further accelerated in the 2nd quarter

According to Statistics Estonia, the gross domestic product (GDP) of Estonia increased 5.7% in the 2nd quarter of 2017 compared to the 2nd quarter of 2016.

In July, stable turnover growth of retail trade enterprises continued

According to Statistics Estonia, in July 2017, compared to July of the previous year, the turnover of retail trade enterprises increased 1% at constant prices. While in June turnover growth accelerated to 4% compared to the same month of the previous year, in July growth decelerated and sales continued to grow at one percent similarly to April and May.