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Article

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

There were 9,908 job vacancies in the second quarter

Kuupäev 05.09.2024
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  3. There were 9,908 job vacancies in the second quarter
The total number of vacant and occupied posts stood at a little over 609,000. 50,365 persons were hired. 76% of job vacancies were in Harju county.

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.

Average wages and salaries were 2,011 euros in the first quarter

Kuupäev 28.05.2025
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  3. Average wages and salaries were 2,011 euros in the first quarter
Sigrid Saagpakk, analyst at Statistics Estonia, said that, in the first quarter of 2025, the average monthly gross wages and salaries were the highest in Tallinn (2,384 euros) and in Harju (2,263 euros) and Tartu (2,023 euros) counties. “Compared with the first quarter of last year, the biggest increase in wages was seen in Tartu (7.2%) and Ida-Viru (6.9%) counties. The rise in average monthly wages was the slowest in Harju county, excluding Tallinn – 4.8%,” noted Saagpakk. The average monthly gross wages and salaries in the first quarter of 2025 were 475 euros higher than in the first quarter

In the first quarter, the economy contracted by 2.4%

Kuupäev 31.05.2024
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  3. In the first quarter, the economy contracted by 2.4%
According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

Exports of services up by 7% and imports by 5% in 2024

Kuupäev 04.03.2025
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  3. Exports of services up by 7% and imports by 5% in 2024
Jane Leppmets, foreign trade analyst at Statistics Estonia, said that foreign trade in services continues to grow steadily and reached a record level in 2024. “Exports of services were most affected by an increase in sales of telecommunications, computer and information services (up by €459 million) and imports by a rise in purchases of travel services (up by €134 million). Other business services, transport services, and telecommunications, computer and information services accounted for the largest shares. The top partner countries for exports last year were Finland (15% of Estonia’s total

There were 9,598 job vacancies in the first quarter

Kuupäev 06.06.2024
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  3. There were 9,598 job vacancies in the first quarter
According to Statistics Estonia, in the first quarter of 2024, there were 9,598 job vacancies in the enterprises, institutions and organisations of Estonia. This is 16.3% less than in the same quarter last year. A little under 6,500 persons left their job at the initiative of the employer.

Exports of goods up by 12% in February

Kuupäev 09.04.2025
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  3. Exports of goods up by 12% in February
Evelin Puura, the foreign trade statistics team lead at Statistics Estonia, pointed out that Estonia's exports were significantly affected by the re-exports of previously imported goods which increased by 30% year on year. “The rise in re-exports was mainly due to transport equipment,” Puura added. Exports of goods of Estonian origin grew by 4% compared with February last year, accounting for 65% of total exports. The rise was mainly due to the increased exports of processed fuels and shale oil as well as measuring instruments. Electrical equipment was the top commodity exported in February

The economy contracted by 3% last year

Kuupäev 01.03.2024
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  3. The economy contracted by 3% last year
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.

Exports of goods to Finland decreased the most in January

Kuupäev 11.03.2024
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  3. Exports of goods to Finland decreased the most in January
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.

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