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The economy contracted by 1% in Q2

Date 30.08.2024
Article
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.

Oil shale electricity production increased last year

Date 13.09.2023
Article
According to Statistics Estonia, power plants produced 8,910 gigawatt hours (GWh) of electricity and 5,074 GWh of heat in 2022. Compared with the year before, electricity production increased by 21% and heat production by 8%.

Intrastat

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What is Intrastat?

Intrastat (Intra-EU Trade Statistics) is the special data system for collecting statistics on the trade in goods between the Member States of the European Union (EU). The Intrastat system became operational in 1993 with the creation of the EU Common Market when the customs checks on the EU internal borders disappeared. This meant that the production of foreign trade statistics using the data from customs declarations was no longer possible. Consequently, it became necessary to collect the data directly from economic units engaging in foreign trade.

In the case of Intra-EU

Exports of goods to Finland decreased the most in January

Date 11.03.2024
Article
According to Statistics Estonia, in January 2024, exports of goods decreased by 11% and imports by 13% compared with January 2023. Exports of goods amounted to about 1.4 billion and imports to 1.5 billion euros at current prices. The trade deficit was 122 million euros, which is 60 million euros less than in January last year.

Estonian residents are travelling more and more

Date 03.10.2023
Article
According to Statistics Estonia’s Tourism Survey*, Estonian residents made more trips in the first half of 2023 than in the same period of 2022. Finland and Latvia are the most popular destinations, and many trips are also made to Italy and Turkey.

In February, the consumer price index remained at the same level as in January

Date 07.03.2024
Article
According to Statistics Estonia, in February, the consumer price index remained at the same level as in January 2024 and increased by 4.2% compared with February 2023. Goods were 2.7% and services 6.6% more expensive than in February last year.

Mineral fuels impacted the decline in exports in January

Date 13.03.2023
Article
According to Statistics Estonia, in January 2023, exports and imports of goods at current prices decreased by 9% and 1% respectively, compared with the same month in 2022. Estonia’s exports of goods amounted to 1.5 billion and imports to 1.8 billion euros at current prices. The trade deficit was 272 million euros, up by 127 million euros from a year earlier.