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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.

In June, trade decreased year-on-year

According to Statistics Estonia, in June 2019, compared to June 2018, the exports and imports of goods decreased by 8%. Trade in mineral products decreased the most. In the first half-year, compared to the same period of the previous year, the exports of goods increased by 5% and imports by 2%.

In July, food and clothing had the greatest impact on the change in the consumer price index

According to Statistics Estonia, the change of the consumer price index in July 2019 was -0.1% compared to June 2019 and 2.1% compared to July of the previous year.

In June, the number of tourists in accommodation establishments increased

According to Statistics Estonia, in June 2019, a total of 407,000 tourists stayed in accommodation establishments, which is 9% more than in June 2018. The number of both domestic and foreign tourists increased.

In June, industrial production was slightly smaller than a year ago

According to Statistics Estonia, in June 2019, the production of industrial enterprises decreased by 4% compared to June 2018. Production increased in manufacturing, but decreased in energy as well as in mining.

In June, the turnover growth of retail trade enterprises continued

According to Statistics Estonia, in June 2019, compared to June of the previous year, the turnover of retail trade enterprises increased 3% at constant prices and was 635 million euros.

Moderate rise in the construction price index continued in the second quarter

According to Statistics Estonia, the change of the construction price index in the 2nd quarter of 2019 was 0.3% compared to the 1st quarter of 2019, and 2.0% compared to the 2nd quarter of 2018.

Producer price index increased in June

In June 2019, the change in the producer price index of industrial output was 0.1% compared to May 2019 and 0.5% compared to June 2018.

In May, trade increased

According to Statistics Estonia, in May 2019, compared to May 2018, the exports of goods increased by 8% and imports by 3%. The growth in exports of Estonian goods was significantly influenced by increased sales of prefabricated wood buildings.

In May, the number of tourists in accommodation establishments increased

According to Statistics Estonia, in May 2019, a total of 322,000 tourists stayed in accommodation establishments, which is 6% more than in May 2018. There were more domestic and foreign tourists.

In June, the change in the consumer price index was affected the most by food and transport

According to Statistics Estonia, the change of the consumer price index in June 2019 was 0.2% compared to May 2019 and 2.4% compared to June of the previous year.

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

According to Statistics Estonia, in May 2019, the production of industrial enterprises increased by 1% compared to May 2018. Production increased in manufacturing, but decreased in energy and mining.

In May, the turnover growth of retail trade enterprises decelerated

According to Statistics Estonia, in May 2019, turnover of retail trade enterprises amounted to 646 million euros. Compared to May of the previous year, turnover increased 2% at constant prices. In April, the turnover had increased 8% compared to the same month of the previous year, while in May the increase decelerated.