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COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism

3 skills that Estonian enterprises consider important for employees

Oil shale electricity production decreased last year

Then and now: People in Estonia are getting married at later and later ages

Estonian residents have become more aware of the importance of travel insurance

The 2024 major revision of Estonia’s GDP has been completed

Latest UN projection: world population will continue to grow for at least another 60 years

The most populous country is India, and the world's population will continue to increase until at least 2084. This is according to the population projection published by the United Nations in July.

GDP flash estimate: recession slowed down in Q2

Young workers are turning away from the information and communication sector

In the second quarter, the average wages and salaries were 1,693 euros

Population increased but births continued to fall

The population of Estonia decreased, mainly due to the high number of deaths

Stable turnover growth in retail trade continued also in August

According to Statistics Estonia, in August 2017, compared to August of the previous year, the turnover of retail trade enterprises increased 1% at constant prices. Similarly to July, turnover showed a stable one-percent growth also in August compared to the same month of the previous year.

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

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

Economic and Labour Market Trends

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.

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.

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