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Excessive Deficit Procedure (EDP)

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Article 104 of The Treaty establishing the European Community comprises a commitment for the EU Member States to avoid excessive budgetary deficits. In particular, Member States shall comply with budgetary discipline by respecting two criteria defined in the Annex to the Treaty, the Protocol no 20 on the excessive deficit procedure. The reference values not to be exceeded are: 3% for the ratio of the public deficit to the GDP at market prices 60% for the ratio of the public debt to the GDP at market prices Article 104 also sets out a procedure, known as Excessive Deficit Procedure, to be

Industrial producer price index rose by nearly 25% year on year

Kuupäev 20.01.2022
Article
In December 2021, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 24.7% compared to December 2020 and by 5.3% compared to November 2021.

Internal trade

Area
Considering the turnover, internal trade is the largest economic activity in Estonia. It covers wholesale and retail trade as well as repair of motor vehicles and motorcycles. Internal trade is closely connected with other activities – goods that people buy in shops or on the internet come from factories, craftsmen and farmers. The goods are carried by transport enterprises. Consumption of products made in Estonia supports local business, and also means that the goods are delivered to consumers in the most cost-effective way. Statistics Estonia publishes the following data for trade

In February, the number of tourists grew by 70%

Kuupäev 08.04.2022
Article
According to Statistics Estonia, in February 2022, Estonian accommodation establishments served nearly 170,000 tourists, which is 70% more than in February last year. The numbers of domestic tourists and foreign tourists both increased.

The number of accommodated tourists was boosted by foreign tourists

Kuupäev 08.09.2022
Article
According to Statistics Estonia, in July 2022, Estonian accommodation establishments served over 479,000 tourists, which is 26% more than in July last year. The number of domestic tourists fell, while the number of foreign tourists* increased.

Producer price index of industrial output continues to rise

Kuupäev 20.06.2022
Article
In May 2022, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 3.1% compared to April 2022 and by 33.7% compared to May 2021.

In January, the biggest number of foreign tourists came from Latvia

Kuupäev 09.03.2022
Article
According to Statistics Estonia, in January 2022, Estonian accommodation establishments served over 158,000 tourists, which is 64% more than in January 2021. The numbers of domestic tourists and foreign tourists both increased.