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Article

Foreign trade in services in surplus last year

Kuupäev 14.03.2023
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  3. Foreign trade in services in surplus last year
According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2022, Estonia’s exports of services grew by 12% and imports by 25% at current prices compared with the fourth quarter in 2021. Services were sold to non-residents for a total of 3 billion and purchased for 2.2 billion euros. The balance of foreign trade in services was therefore in surplus by 765 million euros in the fourth quarter, which is 125 million euros less than in the same period a year earlier. In 2022 as a whole, exports of services grew by 31% and imports by 19%.

Exports of services continued to grow in the second quarter

Kuupäev 12.09.2022
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  2. Exports of services continued to grow in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2022, Estonia’s exports of services grew by 32% while imports of services fell by 5% year on year. In the second quarter of this year, Estonia’s exports of services totalled 2.5 billion euros and imports of services 1.8 billion euros.

92.9% of Estonian households use the internet, social media is increasingly popular

Kuupäev 16.09.2024
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  3. 92.9% of Estonian households use the internet, social media is increasingly popular
Data from Statistics Estonia show that the most popular online services used by the population in Estonia are banking and email. Compared with 2023, the number of social media users has increased – up by 5.7% in 2024.

In February, the consumer price index rose by 1.4% (corrected on 7.03.2025)

Kuupäev 07.03.2025
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  3. In February, the consumer price index rose by 1.4% (corrected on 7.03.2025)
Instead of the 2024 weights, the 2023 weights were included in the table. Corrections are marked in red. Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that exchange prices of electricity, motor vehicle tax and food products had the biggest impact on the consumer price index in February year on year. “Compared with February 2024, prices have increased across almost all categories of goods and services. Clothing and footwear are the only exception, as their prices were down by 1.3% year on year,” noted Veski. Compared with January 2025, the index for February

Foreign trade grew in October, exports of goods of Estonian origin up by 17%

Kuupäev 09.12.2024
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  3. Foreign trade grew in October, exports of goods of Estonian origin up by 17%
Jane Leppmets, foreign trade analyst at Statistics Estonia, said that compared with October 2023, the growth in foreign trade in October 2024 was the highest this year. “Re-exports of goods increased by 5% in October, while exports of goods of Estonian origin grew by as much as 17%. The share of goods of Estonian origin in total exports was also up from October last year, accounting for 66% in October 2024. Wood and articles of wood as well as electrical equipment of Estonian origin were the most exported items. The exports of these goods also increased the most,” Leppmets pointed out. The

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.

The economy contracted by 2.4% due to rising prices

Kuupäev 30.11.2022
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  3. The economy contracted by 2.4% due to rising prices
According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.

Estonia’s exports of services greatly exceeded imports of services

Kuupäev 14.03.2022
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  2. Estonia’s exports of services greatly exceeded imports of services
According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2021, Estonia’s exports of services grew by 79% while imports of services fell by 23% year on year. In 2021 as a whole, exports of services grew by 47% and imports by 28% compared to 2020.

Economic growth hindered by rising prices

Kuupäev 31.05.2022
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  2. Economic growth hindered by rising prices
In the first quarter of 2022, the gross domestic product (GDP) grew by 4.3% year on year. The GDP at current prices was 8 billion euros.

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.

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