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The economy contracted by 0.7% in Q3

Kuupäev 29.11.2024
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  3. The economy contracted by 0.7% in Q3
Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

The economy contracted by 1% in Q2

Kuupäev 30.08.2024
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  3. The economy contracted by 1% in Q2
According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

General government deficit decreased last year, the debt level was stable (corrected on 24.03.2023)

Kuupäev 24.03.2023
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  3. General government deficit decreased last year, the debt level was stable (corrected on 24.03.2023)
According to the preliminary data of Statistics Estonia, in 2022, the Estonian general government deficit was 1% and the debt level was 18% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 335 million euros.

Government finance

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Recession was wide-ranging in the first quarter

Kuupäev 31.05.2023
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  3. Recession was wide-ranging in the first quarter
According to Statistics Estonia, the gross domestic product (GDP) decreased by 3.2% at constant prices in the first quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 8.7 billion euros.

Economic downturn accelerated again in the third quarter

Kuupäev 30.11.2023
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  3. Economic downturn accelerated again in the third quarter
In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP at current prices amounted to 9.4 billion euros.

Financial statistics of enterprises (annual)

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Latest UN projection: world population will continue to grow for at least another 60 years

Kuupäev 06.08.2024
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  3. Latest UN projection: world population will continue to grow for at least another 60 years
The most populous country is India, and the world's population will continue to increase until at least 2084. This is according to the population projection published by the United Nations in July.

Environmental protection funding

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Environmental measures implemented by the state support the development of environmentally friendly consumption and production habits. One of these measures is environmental taxes. Their share in the total tax revenue in Estonia has increased over the years. The purpose of environmental taxes is to mitigate the negative impact of human activity on the environment and to reduce environmental pollution. Examples of environmental taxes are pollution, energy and transport taxes. Statistics on environmental protection funding provide information on environmental protection expenditures

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