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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.

Average wages increased by 5.6% last year

Average wages and salaries were 2,135 euros in the first quarter

Estonia’s economy fared better in 2025 than in the two preceding years

The quantity of sold pesticides increased by 17%

According to Statistics Estonia, 752 tonnes of pesticides by active substance were placed on the market in Estonia in 2019. The majority were herbicides.

The number of job vacancies fell by a quarter in a year

According to Statistics Estonia, in the first quarter of 2020, there were 8,613 job vacancies in the enterprises, institutions and organisations of Estonia. Compared to the first quarter of 2019, the number decreased by 25%.

Biggest decrease in foreign trade in 11 years

According to Statistics Estonia, in April 2020, compared to April 2019, the exports of goods decreased by 17% and imports by 22%. The greater decrease in imports offset the balance of trade.

In April, the number of accommodated tourists dropped by 95%

According to Statistics Estonia, 13,000 tourists stayed in Estonian accommodation establishments in April. Their total number of nights spent was 43,000. The number of tourists decreased by 95% year on year.

In May, cheaper motor fuel had the biggest impact on the consumer price index

According to Statistics Estonia, the change of the consumer price index in May 2020 was -0.7% compared to April 2020 and -1.7% compared to May 2019. Compared to May of the previous year, goods were 1.5% and services 2.0% cheaper.

Statistics Estonia’s wages and salaries application was updated with 2020 data

Statistics Estonia’s wages and salaries application now includes wages data for the first quarter of 2020. Also, median wages for 11 more groups of occupations were added.

In April, turnover fell the most in textile, clothing and footwear stores

According to Statistics Estonia, in April 2020, the turnover of retail trade enterprises was 517 million euros. Compared to April 2019, turnover decreased by 15% at constant prices.

In the 1st quarter, GDP fell by 0.7%

According to Statistics Estonia, in the 1st quarter of 2020, the gross domestic product (GDP) fell by 0.7% compared to the 1st quarter of 2019. The GDP at current prices was 6.5 billion euros.

Industrial production fell to the level of a decade ago

According to Statistics Estonia, in April 2020, the production of industrial enterprises decreased by 17% compared to April 2019. Production decreased in all three industrial activities: manufacturing, energy production and mining.

Increase in average wages and salaries driven by information and communication

According to Statistics Estonia, in the 1st quarter of 2020, the average monthly gross wages and salaries were 1,404 euros, which is 4.8% higher than the year before. In quarterly comparison, the increase is the most modest in recent years.

In the first quarter, there was more repair and reconstruction work done

According to Statistics Estonia, in the first quarter of 2020, the total production of Estonian construction enterprises in Estonia and abroad increased by 7% year on year. The construction volume increased in Estonia, but decreased in foreign countries.

Producer price index affected the most by falling dairy prices

According to Statistics Estonia, in April, the producer price index of industrial output fell by 0.3% compared to March 2020 and by 4.4% compared to April 2019.

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