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The happiest people in the Baltics live in Estonia
The results of the Estonian Social Survey show that Estonian people are happier than Latvians and Lithuanians but not nearly as happy as the residents of Finland and Sweden. How happy are people in Estonia compared with other European countries? Here is an overview by Anet Müürsoo, Head of Population and Social Statistics Department at Statistics Estonia.
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Today and 20 years ago. Which EU countries' citizens live in Estonia?
While at the beginning of the new century it was mainly the inhabitants of Estonia who eagerly moved elsewhere in Europe, today more and more citizens of other European Union countries are settling in Estonia. Kristjan Erik Loik, leading analyst at Statistics Estonia, takes a look at who has arrived here in the last 20 years.
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Information for API users: labour market tables changing from 15 May
As of 15 May 2024, annual and quarterly data about the labour market are published in separate tables. The changes will primarily affect users accessing these data with a machine-to-machine interface.
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GDP flash estimate: economy contracted by 2.1% in Q1
According to Statistics Estonia’s preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the first quarter of 2024. The GDP fell by about 2.1% compared with the first quarter of 2023.
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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.
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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.
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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%.
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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.
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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.
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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%.
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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.
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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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Exports of goods of Estonian origin decreased in June
According to Statistics Estonia, in June, Estonia’s exports of goods amounted to 1.6 billion and imports to 1.9 billion euros. Compared with June 2022, exports of goods decreased by 14% and imports by 13% at current prices. The trade deficit in June was 271 million euros, which is 33 million euros less than in the same month last year.
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Number of domestic tourists falling for several months in a row, number of foreign tourists grew in June
According to Statistics Estonia, 337,000 tourists stayed in accommodation establishments in June 2023, the same as in June last year. The number of foreign tourists increased, while the number of domestic tourists decreased.
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Consumer price index fell in July
According to Statistics Estonia, in July, the consumer price index decreased by 0.6% compared with June 2023 and increased by 6.4% compared with July 2022. Goods were 8.1% and services 3.1% more expensive than in July last year.
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Industrial production continued to fall in June
According to Statistics Estonia, in June 2023, the total production of industrial enterprises decreased by 12.6% at constant prices compared with a year earlier. Output declined in two of the three main sectors: by 29.2% in electricity production and by 12.4% in manufacturing. In mining, output increased by 1.6%.