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GDP flash estimate: recession slowed down in Q2
According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.
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Young workers are turning away from the information and communication sector
Statistics Estonia's short-term labour market statistics show that over the past year and a half, there have been fewer young people aged 20–29 working in both the broader information and communication sector and the more specific field of computer programming. While in previous years the field of computer programming was growing mainly because of young people, in the past year their numbers have fallen.
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Sown area of potatoes smaller than ever before
According to preliminary data of Statistics Estonia and the Agricultural Registers and Information Board (ARIB), the utilised agricultural area this year is 983,400 hectares, which is 4,400 hectares less than in 2023. There has been a slight decrease in arable land, as well as in the area of fruit and berry plantations. The sown area of potatoes, which has been in decline for a long time, continues the trend and is 8% smaller in 2024 than the year before.
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Information for API users: data on the travelling of Estonian residents are published in separate tables from 28 June
As of 28 June, annual and quarterly data on the travelling of Estonian residents are published in separate tables. The changes will primarily affect users accessing these data with a machine-to-machine interface.
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Knowledge of the Estonian language has positive influence on the integration of Estonian immigrant population
According to Statistics Estonia, the opinions of immigrants with knowledge of the Estonian language differed significantly from the opinions of immigrants without knowledge of the Estonian language with respect to belonging to the Estonian society and considering Estonia as their home country.
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The annual growth of monthly gross wages and salaries was less than 7% in the 4th quarter
According to Statistics Estonia, in the 4th quarter of 2008, the average monthly gross wages and salaries were 13,117 kroons and the hourly gross wages and salaries were 79.58 kroons. Compared to the 4th quarter of 2007, the average monthly gross wages and salaries were by 6.9% and the average hourly gross wages and salaries were by 9.9% higher. Since 1993, the growth of monthly gross wages and salaries was last as small as that in the 1st quarter of 2004 (6.5%).
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Last year exports of goods grew and imports declined
According to Statistics Estonia, during the last months of 2008 both exports and imports of goods started to decrease sharply at current prices, but all in all exports grew by 5% and imports declined by 5% in 2008 compared to the previous year. The foreign trade deficit decreased significantly.
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Producer price indices in January decreased
According to Statistics Estonia, in January 2009 the percentage change in the producer price index was -0.5% compared to December 2008 and 3.3% compared to January.
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Gross domestic product decreased steeply in the 4th quarter
According to Statistics Estonia, by flash estimations, the gross domestic product (GDP) decreased by 9.4% in Estonia in the 4th quarter of 2008 compared to the same quarter in the previous year.
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Last year unemployment increased
According to Statistics Estonia, the unemployment rate was 5.5% in 2008 and 7.6% in the 4th quarter. By counties, the annual average unemployment was the biggest in Ida-Viru county and the smallest in Pärnu county.
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The downward trend of real estate transactions continued at the end of the year
According to Statistics Estonia, in the 4th quarter of 2008 7,300 purchase-sale transactions of real estate were notarised, which is 13% less than in the previous quarter and about a third less than in the 4th quarter of 2007.
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In December the number of tourists in accommodation establishments decreased
According to Statistics Estonia, in December 2008 148,000 tourists used the services of accommodation establishments, which was 12% less than in the same month of the previous year.
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Consumer price index in January
According to Statistics Estonia, the percentage change of the consumer price index in January 2009 compared to January of the previous year was 4.1% and compared to December was -0.6%.
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Animal production continuously stable
According to preliminary data of Statistics Estonia, in 2008 the production of milk and meat increased and the production of eggs decreased compared to the previous year. Animal production has been relatively stable during the last five years.
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The growth in industry was replaced by decrease during 2008
According to Statistics Estonia, in 2008 compared to 2007, the production of industrial enterprises decreased 6.5%. The moderate growth of the industrial production at the beginning of 2008, compared to the corresponding month of the previous year, turned to decline since March.
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The retail sales in December were smaller than a year ago
According to Statistics Estonia, in December 2008 compared to December of the previous year the retail sales of goods of retail trade enterprises decreased 9% at constant prices.