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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

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.

Statistics Estonia starts monitoring consumers’ and enterprises’ economic confidence: each response matters

On 4 May, Statistics Estonia begins the economic sentiment surveys that show how secure Estonian residents feel financially and how enterprises see the future of their business activities.

Construction volumes increased in 2016

According to the preliminary data of Statistics Estonia, in 2016 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which was 3% more than in 2015. The construction volumes increased after two years of decline.

No major changes in the labour market

According to Statistics Estonia, in 2016, the unemployment rate was 6.8%, the employment rate 65.6% and the labour force participation rate 70.4%. Within a year, 8,300 additional people entered the labour market, which mainly results from the decrease in the number of inactive persons. Compared to 2015, the number of inactive people in the labour market has decreased by 9,700 persons.

Trade increased again after three years of decline

According to Statistics Estonia, in 2016, the exports and imports of goods increased by 3% each compared to 2015. The last time trade grew in comparison of years was in 2012.

In January, the annual change in the consumer price index was influenced the most by motor fuel and food

According to Statistics Estonia, the change of the consumer price index in January 2017 was 0.4% compared to December 2016 and 2.7% compared to January of the previous year.

In 2016, the number of tourists in accommodation establishments increased

According to Statistics Estonia, in 2016, more than 3 million domestic and foreign tourists stayed in accommodation establishments, which is 7% more than in 2015. The number of both foreign and domestic tourists increased.

Statistics Estonia acknowledges best cooperation partners

Statistics Estonia gave Eesti Energia AS the title of Best Respondent, the Ministry of the Interior the title of Statistics-Friendly Database Partner and Tõnu Kollo from the University of Tartu the title of Statistics-Friendly Research Partner of 2016.

In 2016, industrial production increased

According to the preliminary data of Statistics Estonia, in 2016, the production of industrial enterprises rose 2% compared to the previous year. Production increased in energy and in manufacturing, but decreased in mining.

The turnover of retail trade enterprises grew also in the last month of the year

According to Statistics Estonia, in December 2016, compared to December 2015, the turnover of retail trade enterprises increased 3% at constant prices.

Last year’s cereal production was the lowest in five years

According to the preliminary data of Statistics Estonia, cereal production was 934,100 tonnes in 2016, which is the lowest yield of the previous five years.

Milk production remained at the level of 2015

According to the preliminary data of Statistics Estonia, the production of milk amounted to 781,400 tonnes in 2016, which was a little less than the year before. The number of dairy cows decreased by the end of the year, while milk yield per cow increased.

The construction price index fell in 2016

According to Statistics Estonia, in 2016, the construction price index fell 0.8% compared with the average of 2015.

The industrial producer price index did not change in December compared to the previous month

According to Statistics Estonia, in December 2016, the producer price index of industrial output changed by 0.0% compared to November 2016 and by 2.5% compared to December 2015.