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Recession was wide-ranging in the first quarter

Kuupäev 31.05.2023
Article
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.

Wages and salaries and labour costs

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For work, people receive pay, or wages and salaries, which is agreed compensation for fulfilling work tasks. In addition to the sum that the employer pays to the employee, the employer pays labour taxes on that sum, which together with the wages constitute labour costs. Wages are an important source of income, and their main purpose is to cover expenses on dwelling, food, transportation and other basic needs. This is why the law regulates the minimum an employee could be paid for full-time work. The minimum wage is set to protect the well-being of employees. The statistics on wages and

Overviews of small regions and population groups

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How many people are affected by a planned new law or amendment? For an analysis of the impact of legislation, we compiled overviews of specific population groups. For example, we studied the coping of small ethnic groups and prepared overviews on the young. There were also summaries of social tax payments of sole proprietors compiled.