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International students and graduates continue to contribute more in taxes to the Estonian economy

Article
According to Statistics Estonia, in the academic year 2020/2021, international students and graduates in Estonia paid more than ever before in labour taxes: a total of 16 million euros. At the same time, the number of international students was smaller, while the number of international graduates continued to rise. International students and graduates were most likely to work in information and communication as well as in education. Compared to local students, they worked more often in start-up enterprises.

Information and communication technologies

Area
The development of information and communication technology (ICT) has made life a lot easier. The news is all around us and we no longer have to wait for broadcasts or the newspaper. Accommodation, flight tickets and the taxi can be booked on the computer or smart phone in just a few clicks. Information is available at all times. This facilitates data searching and communication and has revolutionised trade and the provision of services. The introduction of ICT has led to significant changes in the management of enterprises and in production: work processes are faster and more efficient. A

Growth of industrial production slowed down in April

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According to Statistics Estonia, in April 2022, the total production of industrial enterprises increased by 3.8% at constant prices compared to April 2021. Output increased in two of the three industrial sectors: by 3.7% in manufacturing and by 9.6% in electricity production. In mining, output fell by 13.0%.

The Estonian economy contracted by 1.3% last year

Article
According to the preliminary data of Statistics Estonia, in the fourth quarter of 2022, the gross domestic product (GDP), which shows how the Estonian economy is doing, declined by 4.1% compared with the same period of 2021. The GDP at current prices was 10 billion euros.

The number of job vacancies remains above 13,000

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According to Statistics Estonia, in the second quarter of 2022, there were 13,334 job vacancies in the enterprises, institutions and organisations of Estonia. This is 26% more than in the same quarter of 2021. Approximately 5,000 people left their jobs at the initiative of the employer.

The decline in industrial production deepened in November

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According to Statistics Estonia, in November 2022, the total production of industrial enterprises decreased by 12.2% at constant prices compared with November 2021. Output fell in all three sectors – by 3.6% in electricity production, by 13.1% in manufacturing and by 11.1% in mining.

Industrial enterprises are recovering from the crisis

Article
​Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of three industrial activities: mining, energy production and manufacturing. Helle Bunder, analyst at Statistics Estonia, noted that May was the month last year when manufacturing volumes decreased the most due to the coronavirus pandemic. “In connection with the low reference base, manufacturing production has increased by 18.5% year on year,” said Bunder. Production increased in all manufacturing activities. Among the activities with

Number of unemployed persons fell by 5,600 year on year

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According to Statistics Estonia, in the second quarter of 2022, the labour force participation rate was 73.1%, the employment rate was 68.8%, and the unemployment rate was 5.8%.

Peer review committee praised the work of Statistics Estonia and gave first recommendations for the future

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Following the peer review of Statistics Estonia last month, the peer review team has given first recommendations to Statistics Estonia. The feedback highlighted strong statistical legislation in Estonia, the agency’s role in data governance and consistent work to improve the quality of databases and questionnaires.