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2012 was a successful year for the business sector
According to the preliminary data of Statistics Estonia, in 2012 the total profit of the business sector was 2.9 billion euros, which was 7% more than a year earlier. The increase of enterprise sector’s net sales, productivity and total profit continued for the third year in a row.
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Electronics industry drove the growth of industrial production in January
According to Statistics Estonia, in January 2013, the production of industrial enterprises increased by 6% compared to January of the previous year. The growth in the production was most of all influenced by the manufacturing of electronic products and electricity.
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Stable growth in retail sales continued at the beginning of the year
According to Statistics Estonia, in January 2013 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 4% at constant prices.
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Construction volumes increased about a fourth in the previous year
According to the preliminary data of Statistics Estonia, in 2012 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which is 19% more than a year earlier. Construction volumes increased for the second year in a row.
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Producer price index increased in January
According to Statistics Estonia, in January 2013, the producer price index of industrial output changed by 3.0 % compared to December and by 4.4% compared to January 2012. price index increased in January
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The average monthly and hourly gross wages and salaries increased in all economic activities
According to Statistics Estonia, in the 4th quarter of 2012, the average monthly gross wages and salaries were 916 euros and the average hourly gross wages and salaries were 5.53 euros. Compared to the 4th quarter of 2011, the growth was 5.9% and 6.6%, respectively.
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Unemployment decreased last year
According to Statistics Estonia, the unemployment rate was 10.2% in 2012 and 9.3% in the 4th quarter. Unemployment decreased compared to the previous year and the 4th quarter of the previous year. Long-term unemployment also decreased.
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The total number of real estate transactions increased last year
According to Statistics Estonia, in 2012, 36,176 purchase-sale transactions of real estate in the total value of 1.7 billion euros were notarised. In 2012, the number of transactions increased by 12% compared to 2011 and the total value of transactions increased by 13%.
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2.8 million tourists stayed in accommodation establishments last year
According to Statistics Estonia, in 2012, 2.8 million domestic and foreign tourists stayed in Estonian accommodation establishments, which is 4% more than the year earlier. Compared to 2011, the number of foreign tourists increased by 4% and the number of domestic tourists by 5%.
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Economic growth continued in the 4th quarter
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 3.7% in the 4th quarter of 2012 compared to the same quarter of the previous year. The annual GDP growth in 2012 was 3.2% compared to the previous year.
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Last year exports of goods grew moderately
According to Statistics Estonia, in 2012 exports of goods increased by 4% and imports by 9% compared to 2011. In 2012, the annual growth of exports and imports was slower than in the previous year when both exports and imports grew by 37%.
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Based on the 2011 census, the most densely populated area in Estonia is the Lasnamäe city district
According to Statistics Estonia, population density is the highest in the Lasnamäe district of Tallinn city, specifically in the Linnamäe-Kärberi streets area with 15,800 inhabitants per square kilometre, as shown by the 1 km x 1 km grid map of population density created on the basis of the 2011 Population and Housing Census.