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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

GDP flash estimate: recession slowed down in Q2

Young workers are turning away from the information and communication sector

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.

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.

The wedding season has begun! What do the latest marriage statistics reveal?

Newly published data from Statistics Estonia show that 41% of all marriages of Estonian residents took place during the summer months. The most popular day for tying the knot was Friday the 7th of July. What other fascinating facts emerge from the 2023 marriage statistics?

New population projection shows that Estonia’s population will decrease

Although the population has grown for the last seven years, the latest projection predicts a decrease in Estonia’s population by 2085.

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

Exports of services at a record high in the second quarter

According to Statistics Estonia and Eesti Pank, in the second quarter of 2023, Estonia’s exports of services grew by 8% and imports by 2% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.9 billion euros and purchases of services from non-residents amounted to 2.2 billion euros.

Peak tourism season brought tourists to accommodation establishments

According to Statistics Estonia, more than 481,000 tourists stayed in accommodation establishments in July 2023, up by 1% from the same month a year earlier and 43% more than in June 2023. Compared with July last year, accommodation establishments hosted more foreign tourists and fewer domestic tourists.

Exports and imports of goods fell significantly in July

According to Statistics Estonia, Estonia’s exports of goods in July amounted to 1.3 billion and imports to 1.6 billion euros. Compared with July 2022, exports of goods decreased by 26% and imports by 20% at current prices. The trade deficit in July was 385 million euros, which is 42 million euros more than in the same month last year.

The consumer price index grew by 4.6% in August

According to Statistics Estonia, in August, the consumer price index increased by 0.5% compared with July 2023 and by 4.6% compared with August 2022. Goods were 7.6% more expensive and services 0.8% cheaper than in August last year. The last time that the change of the consumer price index compared with the same month of the previous year was smaller than 4.6% was in June 2021, when it was 3.8%.

There were over 11,000 job vacancies in the second quarter

According to Statistics Estonia, in the second quarter of 2023, there were 11,079 job vacancies in the enterprises, institutions and organisations of Estonia. This is 17% less than in the same quarter last year. Over 6,000 persons left their job at the initiative of the employer.

Industrial production fell in almost all manufacturing activities in July

According to Statistics Estonia, in July 2023, the total production of industrial enterprises decreased by 9.5% at constant prices compared with the year before. Output declined in all three main sectors: by 33.6% in electricity production, by 7.0% manufacturing, and by 20.7% mining.

Recession slowed down in the second quarter. Photo: Shutterstock

According to Statistics Estonia, the gross domestic product (GDP) decreased by 2.9% in the second quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 9.4 billion euros.

There was a broad-based decline in retail trade turnover in July

According to Statistics Estonia, in July, the turnover of retail trade enterprises was 893 million euros. Compared with July 2022, turnover fell by 9% at constant prices.

Construction volume down by 12% in the second quarter (corrected on 28.08.2023)

According to Statistics Estonia, in the second quarter of 2023, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 12% at constant prices compared with the second quarter of 2022. Considering only the domestic market, the fall in construction volume was 14%.

In the second quarter, the average wages and salaries were 1,873 euros, median wages 1,524 euros

According to Statistics Estonia, the average monthly gross wages and salaries in the second quarter of 2023 were 1,873 euros, which is 12.4% higher than in the same quarter last year. The median wages were 1,524 euros in the second quarter this year.

Producer price index of industrial output, export and import price index, July 2023

The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, fell by 1.0% in July 2023 compared with June and by 3.2% compared with July last year.

Number of unemployed persons up by 8,500 from last year

According to Statistics Estonia, in the second quarter of 2023, the unemployment rate was 6.7%, the employment rate was 69.2%, and the labour force participation rate was 74.2%.

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